{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-072780","form_type":"8-K","ticker":"XBP","cik":"0001839530","company_name":"XBP Global Holdings, Inc.","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.281498+00:00","generated_at":"2026-05-17T22:27:25.965927+00:00","sec_items":["1.01","2.03","8.01","5.07","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"XBP Europe completes acquisition of Exela BPA; combined revenue >$900M, eliminates $1.1B debt","bullets":["Acquisition of Exela Technologies BPA closed, resulting in combined company with over $900M annual revenue and ~11,000 employees across 19 countries.","BPA emerged from Chapter 11; XBP Europe issued ~81.8M new shares valued at $4.98/share to eliminate $1.1B of secured debt.","Combined company's trailing net debt-to-adjusted EBITDA ratio approximately 3.5x, indicating strengthened financial position.","Company amended its credit facility with HSBC, extending termination date and adding up to £14M permitted loans for restructuring.","Shareholders approved name change to XBP Global Holdings, Inc., increase in authorized shares, reverse stock split (1:3-1:15), and other governance changes."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-072780","json":"https://secwatch.observer/filing/0001104659-25-072780.json","markdown":"https://secwatch.observer/filing/0001104659-25-072780.md","text":"https://secwatch.observer/filing/0001104659-25-072780.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839530/000110465925072780/0001104659-25-072780-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839530/000110465925072780/tm2522217d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:27:25.965927+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}