XBP Europe Holdings, Inc. has submitted a letter to the United States Securities and Exchange Commission (SEC) on February 2, 2024, in response to comments from the SEC's Division of Corporation Finance regarding its Registration Statement on Form S-1, initially filed on December 22, 2023. The company has filed Amendment No. 1 to the Registration Statement, addressing the SEC's feedback. The SEC's comments focused on the need for XBP Europe Holdings to disclose specific pricing details of securities for resale, the exercise prices of various warrants compared to market prices, the potential impact of sales on the public trading price of common stock, and the proportion of resale shares to the public float. The company has acknowledged these comments and revised its...Show More

XBP Europe Holdings, Inc. has submitted a letter to the United States Securities and Exchange Commission (SEC) on February 2, 2024, in response to comments from the SEC's Division of Corporation Finance regarding its Registration Statement on Form S-1, initially filed on December 22, 2023. The company has filed Amendment No. 1 to the Registration Statement, addressing the SEC's feedback. The SEC's comments focused on the need for XBP Europe Holdings to disclose specific pricing details of securities for resale, the exercise prices of various warrants compared to market prices, the potential impact of sales on the public trading price of common stock, and the proportion of resale shares to the public float. The company has acknowledged these comments and revised its disclosures in the Amended Registration Statement accordingly, including updates to the prospectus summary, risk factors, Management's Discussion and Analysis (MD&A), and use of proceeds sections. The revisions aim to provide transparency regarding the potential profits for Selling Securityholders and the impact on public securityholders, as well as the effects of substantial future sales on the market price of common stock.