XBP Global Q2 revenue up 17.8% YoY, completes BPA acquisition eliminating $1.1B debt

XBP Global Holdings, Inc.

Q2 revenue $39.6M (+17.8% YoY); gross margin 29.8% (+1020 bps); Adj. EBITDA $3.3M (+173.8% YoY).
Net loss from continuing ops $3.4M vs $3.6M YoY; operating loss $1.6M.
Completed acquisition of Exela BPA; issued ~81.8M shares at $4.98/share; eliminated $1.1B secured debt.
Combined co. expects annual rev ~$900M, 11k employees, 2,500+ clients incl. Fortune 100.
Appointed four new independent board members; renamed XBP Global Holdings.

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