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CF Acquisition Corp V Announces Separate Trading of Class A Common Stock and Warrants
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CF Acquisition Corp V Announces Separate Trading of Class A Common Stock and Warrants
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Exela Technologies Announces $26.8 Million Private Placement
IRVING, Texas, March 15, 2021 (GLOBE NEWSWIRE) Exela Technologies, Inc. (“Exela” or “Company”) (NASDAQ: XELA), a location-agnostic global business process automation (BPA) leader, announced that it has entered into securities purchase agreements and warrant agreements with institutional investors for the purchase and sale of 9,731,819 shares of common stock at a price of $2.75 per share and warrants to purchase 9,731,819 shares of common stock at an exercise price of $4.00 per share. The warrants will be exercisable beginning on the calendar date following the six month anniversary of the date of issuance and will expire five years from the date when first exercisable. The gross proceeds to Exela from this offering are expected to be approximately $26.8 million before deducting placement agent fees and other estimated offering expenses. The offering is expected to close on or about March 18, 2021, subject to cust
Date
Company expected to have an estimated implied equity value of approximately $10.4 billion
Global multi-asset investment platform capitalizing on secular trends: rise of digital wealth platforms, growing retail participation, and mainstream crypto adoption
In 2020, eToro added over 5 million new registered users and generated gross revenues of $605 million
Added over 1.2 million new registered users and executed more than 75 million trades in January 2021 alone
Transaction includes commitments for a $650 million common share private placement from leading investors including ION Investment Group, Softbank Vision Fund 2, Third Point LLC, Fidelity Management & Research Company LLC, and Wellington Management.
Investor call scheduled for March 16, 2021 at 8:00 AM Eastern
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