secwatch.observer — SEC 8-K summary
======================================

Issuer:     XBP Global Holdings, Inc. (XBP)
CIK:        0001839530
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001104659-25-073718
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 1.02, 3.02, 2.03, 8.01, 3.03, 5.03, 4.01, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839530/000110465925073718/0001104659-25-073718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839530/000110465925073718/tm2521952d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-073718

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer