secwatch.observer — SEC 8-K summary
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Issuer:     XBP Global Holdings, Inc. (XBP)
CIK:        0001839530
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001213900-22-062919
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CF Acquisition Corp. VIII announces $220M SPAC merger with XBP Europe; sponsor to forfeit 733k shares
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- Merger valued at $220M less XBP Europe's closing indebtedness; XBP Europe shareholders to receive shares of Class A common stock at $10.00 reference plus 1,330,650 shares.
- Sponsor CFAC Holdings VIII agrees to forfeit 733,400 Class B shares and not redeem any shares in the transaction.
- Parent BTC International Holdings subject to one-year lock-up on shares received in the merger.
- Closing requires stockholder approval, regulatory clearances, and must occur by June 30, 2023 (extendable to September 30, 2023).
- Post-closing board to consist of seven members from XBP Europe, with Par Chadha as chair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839530/000121390022062919/0001213900-22-062919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839530/000121390022062919/ea166918-8k425_cfacq8.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-062919

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