secwatch.observer — SEC 8-K summary
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Issuer:     XBP Global Holdings, Inc. (XBP)
CIK:        0001839530
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001213900-23-093176
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.02, 9.01, 3.03, 5.01, 5.02, 5.03, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

XBP Europe Holdings completes de-SPAC merger, begins trading under 'XBP' on Nasdaq
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- Business combination with XBP Europe closed Nov 29, 2023; common stock and warrants began trading on Nasdaq Nov 30 under XBP and XBPEW.
- 30,166,102 common shares outstanding post-close; 6.6M warrants exercisable at $11.50; 669,661 shares redeemed at ~$11.11 (~$7.4M).
- Par Chadha appointed Executive Chairman; prior CEO Howard Lutnick and CFO Jane Novak resigned along with four directors.
- Exela Technologies beneficial owner of 72.3% of common stock; Sponsor (CFAC Holdings VIII) owns 23.5% (incl. warrants).
- Entered Tax Sharing, Registration Rights, and Services Agreements with Exela; services charged at cost plus 8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839530/000121390023093176/0001213900-23-093176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839530/000121390023093176/ea189423-8k_xbpeurope.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-093176

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