Issues Reminder of the Timing of the Pending Exchange Offer 💰💰💰
$Exela Technologies(XELA.US$
announced today that the previously announced exchange offer is still open. The Company understands that some investors may have been given contrary information by their broker. The offer was amended to provide that each 20 share increment of common stock may be exchanged for 1 share of Series B Preferred Stock with a $25 per share liquidation preference, and that the Company intends to issue a dividend of Tandem Voting Stock with respect to the Series B Preferred Stock following the completion of the offering.
https://investors.exelatech.com/news-releases/news-release-details/exela-technologies-issues-reminder-timing-pending-exchange-offer
announced today that the previously announced exchange offer is still open. The Company understands that some investors may have been given contrary information by their broker. The offer was amended to provide that each 20 share increment of common stock may be exchanged for 1 share of Series B Preferred Stock with a $25 per share liquidation preference, and that the Company intends to issue a dividend of Tandem Voting Stock with respect to the Series B Preferred Stock following the completion of the offering.
https://investors.exelatech.com/news-releases/news-release-details/exela-technologies-issues-reminder-timing-pending-exchange-offer
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101539692 : In order to get the exchange offer is it just sell the stocks u are currently holding on?
Wessex OP 101539692 : Participating shareholders should instruct their broker to tender their Common Stock well before the expiration time of 11:59 p.m. EST on May 16, 2022, to give their broker enough time to tender their Common Stock.
Shares that were tendered prior to May 2, 2022, may need to be re-tendered following the amendment.
student otg Wessex OP : how do you tell moo moo to tender your shares
101731955 student otg : they will send u an email asking for your reply
MikeyMikeMike : Does anyone know when Moomoo will send the email regarding this?
Wessex OP MikeyMikeMike : 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).
Corporate Action FUTU SG will send u email
Wessex OP MikeyMikeMike : corporateactions@futusg.com
MikeyMikeMike Wessex OP : I have not received this email. Who so I contact to receive this offer? I've had 700 shares for about a month now; do you know if I would qualify for this? I did not see any dates pertaining to ownership of common shares.
Wessex OP MikeyMikeMike : Moomoo email already sent out May 4, 2022 by corporateactions@futusg.com....
you can email corporateactions@futusg.com to check....
Wessex OP student otg : Moomoo email already sent out May 4, 2022 by corporateactions@futusg.com....
you can email corporateactions@futusg.com to check....
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