XBP Europe receives Nasdaq delisting determination for MVPHS non-compliance; hearing requested

XBP Global Holdings, Inc.

Nasdaq notified XBP Europe on Oct 18, 2024 that it fails MVPHS ($15M minimum) for continued listing on Nasdaq Global Market.
Company intends to request a hearing before Nasdaq Panel; hearing automatically stays suspension/delisting pending outcome.
Prior MVLS deficiency resolved because company qualifies under $50M total assets & revenue alternative standard.
Company remains non-compliant with MVPHS; no assurance of regaining compliance or Panel granting extension.

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