Home Equities Score Exela Technologies Inc. (XELA) stock plunged during current market trading session. Here’s...

Exela Technologies Inc. (XELA) stock plunged during current market trading session. Here’s the recent development

Exela Technologies Inc. (NASDAQ: XELA) stock declined by 6.16% in the current market trading session. Exela Technologies is a global pioneer in business process automation (BPA), with patented technology and a global network to deliver digital transformation solutions that improve quality, efficiency, and end-user interaction. Exela serves over 4,000 clients in 50 countries, with more than 60% of the Fortune 100.

>> 7 Top Picks for the Post-Pandemic Economy << 

What is happening?

Exela Technologies reported today that revenues from its previously announced $150 million at-the-market stock transaction have increased its cash position by $85 million. Exela Technologies intends to utilize some of the funds from the equity program to decrease its debt and related interest cost requirements, as well as look into methods to invest in its growth, as part of its previously stated strategic strategy. Exela is aiming for a $25 million yearly debt service reduction as a first step.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Exela Technologies had approximately $205 million in cash and cash equivalents as of June 30, 2021. Exela Technologies also had $75 million in additional borrowing capacity available through a variety of credit arrangements, all of which were pursuant to certain terms and restrictions. Due to the improved liquidity, XELA does not expect to use the extra available borrowing capacity, such as the $53 million available under its $145 million A/R securitization, in the near future.

>> 7 Top Picks for the Post-Pandemic Economy << 

Shrikant Sortur, Exela’s CEO, stated,

They are quite pleased by their retail investors’ and shareholders’ massive support, as well as their business’s stable performance. By allowing XELA to fund their development, they will be able to further use their tech-enabled business services model. Moreover, when Exela Technologies implements its planned deleveraging, the anticipated $25 million permanent decrease in annual debt service provides considerable value for equity investors.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

The Clorox Company Ltd. (CLX) stock decline during pre-market. Here’s the recent update

The Clorox Company Ltd. (NASDAQ: CLX) stock gained by 0.17% at last close whereas the CLX stock price fell by 11.59% in the pre-market....

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Bright Health Group Inc. (BHG) stock plunge during current market. Post financial result announcement.

Bright Health Group Inc. (NASDAQ: BHG) stock declines by 26.56% during current market trading. Bright Health Group was founded on the notion that by...

Lixte Biotechnology Holdings Inc. (LIXT) stock surge during current market. Here’s the recent news

Lixte Biotechnology Holdings Inc. (NASDAQ: LIXT) stock gains by 32.32% in the current market trading session. Lixte Biotechnology Holdings is a clinical-stage pharmaceutical business...

What’s driving the Kopin Corporation Inc. (KOPN) stock-price low, during current market?

Kopin Corporation Inc. (NASDAQ: KOPN) stock declined by 12.97% in the current market trading. Kopin Corporation is a prominent developer and distributor of cutting-edge...

Related News

Bright Health Group Inc. (BHG) stock plunge during current market. Post financial result announcement.

Bright Health Group Inc. (NASDAQ: BHG) stock declines by 26.56% during current market trading. Bright Health Group was founded on the notion that by...

What’s driving the Kopin Corporation Inc. (KOPN) stock-price low, during current market?

Kopin Corporation Inc. (NASDAQ: KOPN) stock declined by 12.97% in the current market trading. Kopin Corporation is a prominent developer and distributor of cutting-edge...

Here’s the reason Why Shenandoah Telecommunications Inc. (SHEN) stock is moving down during pre-market?

Shenandoah Telecommunications Inc. (NASDAQ: SHEN) stock declined by 4.19% at last close as well as the SHEN stock price fell by 34.76% during pre-market....

Why TETRA Technologies Inc. (TTI) stock price fluctuated on Monday?

TETRA Technologies Inc. (TTI) shares fell 1.27% in after-hours on Monday, August 2, 2021, and closed the daily trading at $3.10 per share. Earlier...

Here is why Take-Two Interactive Software Inc. (TTWO) stock went down on Monday?

Take-Two Interactive Software Inc. (TTWO) shares declined 3.68% in after-hours on Monday, August 2, 2021, and closed the daily trading at $166.84 per share....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam