XBP emerges from restructuring; issues 81.8M shares to noteholders, new board and $150M ABL facility

XBP Global Holdings, Inc.

• Issued 81,799,821 shares of common stock to allowed note claims; total outstanding 117,516,255 shares.
• Post-restructuring ownership: ETI ~27.1%, Gates Capital ~25.9%, Avenue Capital ~9.8%.
• Board expanded to seven; added Regina Paolillo, Sanjay Srivastava, Robert Pryor, Randal Klein; two prior directors resigned.
• Dismissed auditor EisnerAmper (going concern note); retained UHY as independent auditor.
• Entered into $150M ABL credit facility with MidCap Financial and other exit financing arrangements.