XBP Europe Holdings Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets
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Item 2.01 Completion of Acquisition or Disposition of Assets"
On July 15, 2025, XBP Americas, LLC, a wholly-owned subsidiary of XBP Europe Holdings, Inc. ("XBP") completed the previously announced acquisition of all membership interests in Exela Technologies BPA, LLC, together with its subsidiaries (the "BPA Group") from Exela Technologies, Inc. and its subsidiaries (collectively, "ETI"), pursuant to the Membership Interest Purchase Agreement dated July 3, 2025 (the "MIPA").
The consideration for the sale was $1.00, reflecting the encumbered nature of the BPA Group, which are currently involved in Chapter 11 bankruptcy proceedings under the caption “In re DocuData Solutions, L.C.” The transaction is subject to certain conditions subsequent that could result in the rescission of the transaction if not satisfied by August 7, 2025, including the failure of the effective date of the bankruptcy reorganization plan to occur.
XBP and ETI are under common ownership, and as such, the transaction is considered a related party transaction.
For additional information regarding the MIPA please refer to the XBP's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 10, 2025, which included a copy of the MIPA as an exhibit.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 21, 2025
| | XBP EUROPE HOLDINGS, INC. | |
| | | |
| | By: | /s/ Dejan Avramovic |
| | | Dejan Avramovic |
| | | Chief Financial Officer |