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SC 13D: Statement of acquisition of beneficial ownership by individuals-HandsOn Fund 4 I, LLC(37.09%),Par Chadha(37.09%), etc.

SEC ·  Nov 25 17:12

Summary by Futu AI

On November 21, 2024, HandsOn Fund 4 I, LLC filed a Schedule 13D with the SEC, disclosing a 37.09% ownership in Exela Technologies. This stake includes 10,293,683 shares of common stock, acquired through various transactions, including an exchange of Series A Preferred Stock.The transactions involved the receipt of 5,473,231 shares from HOF 2 LLC and the exchange of 343,750 shares of Series A Preferred Stock for 4,818,439 common shares. Additionally, Par Chadha and Sharon Chadha transferred 354 and 15 shares, respectively, to HandsOn Fund 4 I, LLC.These actions were part of a strategy by HandsOn Global Management, LLC to consolidate shareholdings and simplify reporting. No purchase price or payment was made for these transactions.
On November 21, 2024, HandsOn Fund 4 I, LLC filed a Schedule 13D with the SEC, disclosing a 37.09% ownership in Exela Technologies. This stake includes 10,293,683 shares of common stock, acquired through various transactions, including an exchange of Series A Preferred Stock.The transactions involved the receipt of 5,473,231 shares from HOF 2 LLC and the exchange of 343,750 shares of Series A Preferred Stock for 4,818,439 common shares. Additionally, Par Chadha and Sharon Chadha transferred 354 and 15 shares, respectively, to HandsOn Fund 4 I, LLC.These actions were part of a strategy by HandsOn Global Management, LLC to consolidate shareholdings and simplify reporting. No purchase price or payment was made for these transactions.

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