On March 3, 2025, Exela Technologies BPA, LLC ("Exela BPA") and certain of its subsidiaries and affiliates (together with Exela BPA, the "Debtors") commenced voluntary cases under Chapter 11 of Title 11 of the United States Code ss.ss. 101-1532 (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). The Bankruptcy Court entered an order on June 23, 2025, confirming the Debtors' Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code (as amended, the "Plan"). On July 3, 2025, the Issuer entered into a Transaction Support Agreement with Exela BPA, pursuant to which the Issuer agreed, among other things, to support the Plan and take the necessary actions to facilitate the restructuring transactions contemplated therein. The Plan became effective on July 29, 2025 (the "Effective Date"). On the Effective Date, the Debtors entered into a Facility Agreement (as defined below), among other agreements. In connection with the transactions contemplated by the Plan, on the Effective Date, HOF III (i) received an aggregate of 7,871,416 Shares as a result of the exchange of certain of the 11.5% First-Priority Senior Secured Notes due April 2026 (the "April 2026 Notes") issued by Exela Intermediate, LLC and Exela Finance, Inc. ("Exela Finance") and (ii) in exchange for HOF III's claims under the senior secured super-priority priming debtor-in-possession credit facility ("DIP Facility"), HOF III received an aggregate of approximately $15,383,073 million principal amount of 12.000% First-Priority Senior Secured Notes due 2030 (the "Rollover Exit Notes") issued pursuant to an indenture entered into by and among Exela BPA, Exela Finance, the guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee, and Ankura Trust Company, LLC, as collateral agent. In addition, on the Effective Date, HOF III entered into a financing agreement (the "Facility Agreement"), which funded $40 million of the New Money Loans to refinance the Debtors' prepetition senior secured term loan facility (plus accrued interest, fees, and expenses). Pursuant to the Facility Agreement, as a member of the "Sub-Group DIP Lenders" (as such term is defined in the Facility Agreement), HOF III was deemed to have funded its pro rata portion of $6 million of New Money Loans, in the amount of $3,333,648. The foregoing description of the Facility Agreement does not purport to be complete and is qualified in its entirety by the full text of the Facility Agreement, a copy of which is included as Exhibit 99.2 to this Schedule 13D by reference to Exhibit 10.3 of the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on August 4, 2025, which is incorporated by reference herein. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board of Directors of the Issuer, engaging in discussions with stockholders of the Issuer or other third parties about the Issuer and the Reporting Persons' investment, including potential business combinations or dispositions involving the Issuer or certain of its businesses, making recommendations or proposals to the Issuer concerning changes to the capitalization, ownership structure, board structure (including board composition), potential business combinations or dispositions involving the Issuer or certain of its businesses, or suggestions for improving the Issuer's financial and/or operational performance, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative instruments, or changing their intention with respect to any and all matters referred to in Item 4.