other material
confidence high
sentiment neutral
materiality 0.50
CF Acquisition Corp. VIII converts 5M Class B shares to Class A; sponsor now holds 65.2%
XBP Global Holdings, Inc.
- On March 6, 2023, issued 5,000,000 Class A shares to sponsor upon conversion of equal Class B shares.
- Post-conversion Class A outstanding: 8,500,098; Class B outstanding: 1,250,000.
- Sponsor holds ~65.2% of issued and outstanding Class A common stock.
- Converted shares retain same restrictions as prior Class B, including transfer limits and redemption waiver.
- Issuance exempt from registration under Section 3(a)(9) of the Securities Act.