Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
August 10 2022 - 6:44AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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001-36788 |
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SEC FILE NUMBER |
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CUSIP NUMBER |
(Check
One):
¨ Form 10-K ¨ Form 20-F ¨
Form 11-K x Form 10-Q ¨
Form 10-D ¨ Form N-SAR ¨ Form N-CSR
For Period Ended: June 30, 2022
¨ Transition Report on Form 10-K
¨ Transition Report on Form 20-F
¨ Transition Report on Form 11-K
¨ Transition Report on Form 10-Q
¨ Transition Report on Form N-SAR
For the Transition Period Ended: N/A
Nothing
in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates: N/A
PART I - REGISTRANT INFORMATION
Full Name of Registrant:
Exela Technologies, Inc.
Former Name if Applicable:
Address of Principal Executive Office (Street
and Number):
2701 E. Grauwyler Rd.
City, State and Zip Code:
Irving, TX 75061
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box
if appropriate) x
| (a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort
or expense; |
| (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR
or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date;
or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion
thereof will be filed on or before the fifth calendar day following the prescribed due date; and |
| (c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K,
20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time
period.
In late June 2022, the Company experienced a network
security incident impacting certain of the Company’s operational and information technology systems. The Company immediately
took steps to isolate the impact and prevent additional systems from being affected, including taking large parts of its network
offline as a precaution and thereby disrupting some access to our applications and services by our employees and customers. The
Company’s systems recovery efforts are substantially complete, and the Company’s operations are fully functional.
However, the Company faced a delayed financial close as a result and, consequently, KPMG LLP, the Company’s independent
registered public accounting firm, has not had sufficient time to complete its interim review procedures. Thus, the Company is
unable to timely file, without unreasonable effort or expense, its Form 10-Q for the quarter ended June 30, 2022 (the “Form
10-Q”). The Company intends to file the Form 10-Q within the five-day extension period.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification
Shrikant Sortur |
(248)
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709-8133 |
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(Name) |
(Area Code) |
(Telephone Number) |
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(2) Have all other periodic reports
required under section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been
filed? If the answer is no, identify report(s).
x Yes ¨ No
(3) Is it anticipated that any significant
change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements
to be included in the subject report or portion thereof?
¨ Yes x No
If so, attach an explanation of the anticipated
change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot
be made.
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Exela Technologies, Inc. |
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(Name of Registrant as specified in charter) |
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 10, 2022 |
By: |
/s/ Shrikant Sortur |
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Name: |
Shrikant Sortur |
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Title: |
Chief Financial Officer |
INSTRUCTION: The form may be signed by an executive officer
of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed
or printed beneath the signature. If the statement is signed on behalf of registrant by an authorized representative (other than
an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with
the form.
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
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