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XELA Offer: Option 2?
@daz888888888：
$Exela Technologies, Inc.(XELA)$ Anyone get XELA? Exela Technologies, Inc has offered to exchange up to 100,000,000 of its outstanding shares of common stock for preferred stock. The terms of the offer are as follows (subject to proration): Option 1: Take no action (Default) Option 2: 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) Odd lot priority: No Minimum Tender Requirement: 20 shares and in multiples of 20 thereafter
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