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An effective price of 1.25 USD per Common Stock

$Exela Technologies (XELA.US)$
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Option 1: Tender shares for preferred stock: For each 20 shs of common stock tendered, holders will receive 1 share of 6.00% Series B1 Cumulative Convertible Perpetual Preferred Stock having a liquidation preference of $25.00 per share of Series B Preferred stock (an effective price of 1.25 USD per Common Stock).
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