Willkie advised Exela on the exchange of its Common Stock for its 6.00% Series B Cumulative Convertible Perpetual Preferred Stock. On March 11, Willkie client Exela Technologies, Inc. announced that it successfully exchanged 17,676,880 shares of its Common Stock for a total of 883,844 shares of 6.00% Series B Cumulative Convertible Perpetual Preferred Stock. The Series B Preferred Stock was subsequently listed for trading on the Nasdaq Capital Market. Exela Technologies is global business process automation leader. Its software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. The Willkie team was led by partners Maurice Lefkort, Sean Ewen and Christopher Peters and included associates Hugh McLaughlin, Andrew Marmer and Shay Moyal, and law clerk David Ostermann.