SEC Form 4 · accession 0001104659-17-045126

Exela Technologies, Inc. · XELA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

10% Owner

10% Owner

Period of report

Jul 12, 2017

Accepted (ET)

Jul 14, 2017 · 9:15 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001620179

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Jul 12, 2017	D	424,903	—	D	7,830,007	I	By Quinpario Partners 2, LLC

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants^F1,F2	—	Jul 12, 2017	D	17,985,193	D	—	—	Common Stock	8,992,596	0	I

F1On July 12, 2017 a business combination involving the Issuer, SourceHOV Holdings, Inc. and Novitex Holdings, Inc. closed (the "Business Combination"). To facilitate the consummation of the Business Combination, Quinpario Partners 2 LLC (the "Sponsor") forfeited to the Issuer 17,985,193 warrants and 424,903 shares of common stock. The Sponsor received no consideration for the disposition of the warrants or common stock. As a result of the Business Combination and the related forfeiture, the Sponsor is no longer a 10% owner in the Issuer, and as such, the Sponsor is no longer subject to the reporting obligations under Section 16 with respect to the Issuer.
F2Mr. Quinn is the sole managing member of Quinpario Partners LLC, which is the managing member of Quinpario Partners 2, LLC, and as such, controls the voting and disposition of such shares. Mr. Quinn disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Quinn is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.