0001104659-19-037944.txt : 20190627 0001104659-19-037944.hdr.sgml : 20190627 20190627165200 ACCESSION NUMBER: 0001104659-19-037944 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190625 FILED AS OF DATE: 20190627 DATE AS OF CHANGE: 20190627 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CHADHA PAR CENTRAL INDEX KEY: 0000938202 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925989 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOV Capital III LLC CENTRAL INDEX KEY: 0001712480 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925990 BUSINESS ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-45 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 310 857 6320 MAIL ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-45 CITY: LAS VEGAS STATE: NV ZIP: 89117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Adesi 234 LLC CENTRAL INDEX KEY: 0001712365 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925991 BUSINESS ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 310 857 6320 MAIL ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: hof 2 llc CENTRAL INDEX KEY: 0001712473 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925992 BUSINESS ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 310 857 6320 MAIL ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOVS LLC CENTRAL INDEX KEY: 0001712484 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925993 BUSINESS ADDRESS: STREET 1: 855 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 313 231 7020 MAIL ADDRESS: STREET 1: 855 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOV Services Ltd CENTRAL INDEX KEY: 0001712482 STATE OF INCORPORATION: K7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925994 BUSINESS ADDRESS: STREET 1: 3RD FLOOR SHARDA ARCADE STREET 2: PUNE SATARA RD. BIBWEWADI CITY: PUNE STATE: K7 ZIP: 411037 BUSINESS PHONE: 310 857 6320 MAIL ADDRESS: STREET 1: 3RD FLOOR SHARDA ARCADE STREET 2: PUNE SATARA RD. BIBWEWADI CITY: PUNE STATE: K7 ZIP: 411037 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HandsOn Fund 4 I, LLC CENTRAL INDEX KEY: 0001712411 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925995 BUSINESS ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 310 857 6320 MAIL ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HandsOn Global Management, LLC CENTRAL INDEX KEY: 0001712472 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925996 BUSINESS ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 310 857 6320 MAIL ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HandsOn 3, LLC CENTRAL INDEX KEY: 0001741367 STATE OF INCORPORATION: NV FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36788 FILM NUMBER: 19925997 BUSINESS ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 BUSINESS PHONE: 310-795-0785 MAIL ADDRESS: STREET 1: 8550 WEST DESERT INN ROAD STREET 2: SUITE 102-452 CITY: LAS VEGAS STATE: NV ZIP: 89117 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Exela Technologies, Inc. CENTRAL INDEX KEY: 0001620179 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 471347291 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2701 EAST GRAUWYLER RD. CITY: IRVING STATE: TX ZIP: 75061 BUSINESS PHONE: 844-935-2832 MAIL ADDRESS: STREET 1: 2701 EAST GRAUWYLER RD. CITY: IRVING STATE: TX ZIP: 75061 FORMER COMPANY: FORMER CONFORMED NAME: Quinpario Acquisition Corp. 2 DATE OF NAME CHANGE: 20140922 4 1 a4.xml 4 X0306 4 2019-06-25 0 0001620179 Exela Technologies, Inc. XELA 0000938202 CHADHA PAR 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001712480 HOV Capital III LLC 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001712365 Adesi 234 LLC 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001712473 hof 2 llc 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001712484 HOVS LLC 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001712482 HOV Services Ltd 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001712411 HandsOn Fund 4 I, LLC 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001712472 HandsOn Global Management, LLC 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 0001741367 HandsOn 3, LLC 8550 WEST DESERT INN ROAD, SUITE 102-452 LAS VEGAS NV 89117 1 0 1 0 Common Stock, par value $0.0001 per share (''Common Stock'') 78244 D Common Stock 233872 I See Footnotes Common Stock 165086 I See Footnotes Common Stock 206358 I See Footnotes Common Stock 1250000 I See Footnotes Common Stock 46500 I See Footnotes Common Stock 2019-06-25 4 S 0 6012108 1.65 D 71295076 I See Footnotes Restricted Stock Unit Common Stock 12324 12324 D Restricted Stock Unit Common Stock 59574 59574 D Series A Convertible Preferred Stock Common Stock 3263473 2669233 I See Footnotes Exchangeable Preferred Interests 1.65 2019-06-25 4 J 0 316.56 1.65 A Common Stock 191857 191857 I See Footnotes Exchangeable Preferred Interests 1.65 2019-06-25 4 J 0 395.70 1.65 A Common Stock 239822 239822 I See Footnotes Exchangeable Preferred Interests 1.65 2019-06-25 4 J 0 448.46 1.65 A Common Stock 271798 271798 I See Footnotes Ex-Sigma 2 LLC, a Delaware limited liability company ("Ex Sigma 2"), directly owns the following securities of the Issuer: (a) 71,295,076 shares of Common Stock and (b) 2,669,233 shares of Preferred Stock. HandsOn Global Management, LLC, a Delaware limited liability company ("HGM"), directly owns 1,250,000 shares of Common Stock. HandsOn 3, LLC, a Nevada limited liability company ("HOF 3"), directly owns 46,500 shares of Common Stock. HOF 2 LLC, a Nevada limited liability company ("HOF 2"), directly owns 233,872 shares of Common Stock. Adesi 234 LLC, a Nevada limited liability company ("Adesi"), directly owns 165,086 shares of Common Stock. HOVS LLC, a Delaware limited liability company ("HOVS") directly owns 206,358 shares of Common Stock. On June 25, 2019, each of HOF2, Adesi and HOVS purchased shares of Common Stock from Ex Sigma 2. Ex-Sigma 2 is a wholly-owned subsidiary of Ex-Sigma LLC, a Delaware limited liability company ("Ex-Sigma"). HOVS, HandsOn Fund 4 I, LLC, a Nevada limited liability company ("HOF 4"), and HOV Capital III, LLC, a Nevada limited liability company ("HOV 3") each directly own equity interests in Ex-Sigma. HOVS is a wholly-owned subsidiary of HOV Services Ltd., an Indian limited company ("HOV Services" and together with Ex-Sigma, Ex Sigma 2, HGM, HOVS, HOF2, HOF 4, HOV 3, and Adesi, the "HGM Group")). Adesi and HOF 2 LLC together own a majority of HOF 4. Adesi and HOF 2, own a majority of the equity interests of HOV 3. Mr. Par Chadha may be deemed to control HOF 3 and the HGM Group. The direct and indirect equity owners in Ex Sigma 2 identified above and HGM may be deemed to beneficially own any shares of the Issuer owned by the entities in which they are beneficial owners. Each member of the HGM Group disclaims beneficial ownership of any shares of the Issuer owned by any other member of the HGM Group, except to the extent of its pecuniary interest therein. On April 2, 2018, the reporting person was granted 36,968 restricted stock units pursuant to the terms and conditions of the Director Compensation Policy and 2018 Stock Incentive Plan. The remainder of this award will vest immediately prior to the 2020 annual meeting of the stockholders of Exela Technologies, Inc. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock. Non-employee director equity compensation pursuant to the terms and conditions of the Director Compensation Policy and 2018 Stock Incentive Plan. This award will vest in full immediately prior to the 2020 annual meeting of the stockholders of Exela Technologies, Inc. Ex-Sigma 2 owns 2,669,233 shares of Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock is convertible into the number of shares of Common Stock equal to the Applicable Conversion Rate (as defined in the Issuer's Certificate of Designations, Preferences, Rights and Limitations of Series A Perpetual Convertible Preferred Stock (the "Certificate of Designation")) in effect as of the date of such conversion. The initial Applicable Conversion Rate is 1.2226 shares of Common Stock for each share of Preferred Stock, which rate will increase following the third anniversary of the date of issue, (x) at the election of the holder, or (y) at the election of the Company from and after the time that the weighted average price of the Common Stock equals or exceeds $24 for at least 5 consecutive days on which trading in the Common Stock generally occurs on the Nasdaq Stock Market. The shares of Series A Convertible Preferred Stock have no expiration date. On June 25, 2019, HOF 2 purchased 448.46 Exchangeable Preferred Interests, Adesi purchased 316.56 Exchangeable Preferred Interests and HOVS purchased 395.70 Exchangeable Preferred Interests. The Exchangeable Preferred Interests are equity interests in Ex-Sigma, that, subject to certain terms and conditions, are exchangeable into the shares of Common Stock reported on Table I of this Form 4. The Exchangeable Preferred Interests are exchangeable into a number of shares of Common Stock equal to the purchase price of such interests, divided by the lesser of (a) $1.65 and (b) the 5-day volume weighted average price per share for the 5-days preceeding the date of such exchange. The exchangeable preferred interests relate to shares over which Mr. Chadha already had a beneficial interest as reported in Table I, and merely reflect a change in the form of pecuniary interest among members of the HGM Group. Solely for purposes of Section 16 of the Exchange Act, the HGM Group may be deemed to be directors-by-deputization by virtue of the HGM Group's contractual right to designate directors to the board of directors of the Issuer (the "Board"). For purposes of the exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended, the Board approved the acquisition of any direct or indirect pecuniary interest of any and all shares of the Issuer by each member of the HGM Group as a result of or in connection with the Merger, the PIPE Investment and/or the Reinvestment. Exhibit List: Exhibit 99.1 - Joint Filers' Names and Addresses Exhibit 99.2 - Joint Filers' Signatures /s/ Par Chadha 2019-06-27 EX-99.1 2 ex-99d1.htm EX-99.1

Exhibit 99.1

 

Joint Filers’ Names and Addresses

 

1.HOV Capital III LLC

 

2.Adesi 234 LLC

 

3.HOF 2 LLC

 

4.HOVS LLC

 

5.HOV Services Ltd

 

6.HandsOn Fund 4 I LLC

 

7.HandsOn Global Management, LLC

 

8.HandsOn 3, LLC

 

The business address for each of the above reporting persons is:

 

8550 West Desert Inn Road, Suite 102-452

Las Vegas, NV 89117

 

1

 EX-99.2 3 ex-99d2.htm EX-99.2

Exhibit 99.2

 

JOINT FILERS’ SIGNATURES

 

HOV CAPITAL III LLC

 

 

 

 

 

 

By:

/s/ Par Chadha

 

 

Name:

Par Chadha

 

 

Title:

Manager

 

 

 

 

 

ADESI 234 LLC

 

 

 

 

 

 

By:

/s/ Par Chadha

 

 

Name:

Par Chadha

 

 

Title:

Manager

 

 

 

 

 

HOF 2 LLC

 

 

 

 

 

 

By:

/s/ Par Chadha

 

 

Name:

Par Chadha

 

 

Title:

Manager

 

 

 

 

 

HOVS LLC

 

 

 

 

 

 

By:

/s/ James Reynolds

 

 

Name:

James Reynolds

 

 

Title:

Manager

 

 

 

1

 

HOV SERVICES LTD

 

 

 

 

 

 

By:

/s/ Vik Negi

 

 

Name:

Vik Negi

 

 

Title:

Director

 

 

 

 

 

HANDSON FUND 4 I LLC

 

 

 

 

 

 

By:

/s/ Par Chadha

 

 

Name:

Par Chadha

 

 

Title:

Manager

 

 

 

 

 

HANDSON GLOBAL MANAGEMENT, LLC

 

 

 

 

 

 

By:

/s/ Par Chadha

 

 

Name:

Par Chadha

 

 

Title:

Manager

 

 

 

 

 

HANDSON 3, LLC

 

 

 

 

 

 

By:

/s/ Par Chadha

 

 

Name:

Par Chadha

 

 

Title:

Manager

 

 

 

2