| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | XBP | Common stock | Other | $0 | +495K | +8.93% | $0.00 | 6.03M | Nov 29, 2023 | Direct | F1, F2, F8 |
| transaction | XBP | Common stock | Award | +1.25M | +20.72% | 7.28M | Nov 29, 2023 | Direct | F1, F3, F8 | ||
| transaction | XBP | Common stock | Award | $10.2M | +1.02M | +14.01% | $10.00 | 8.3M | Nov 29, 2023 | Direct | F1, F4, F8 |
| transaction | XBP | Common stock | Disposed to Issuer | -$16M | -1.6M | -19.27% | $9.99 | 6.7M | Nov 29, 2023 | Direct | F5, F8 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | XBP | Class B common stock | Disposed to Issuer | $0 | -733K | -53.81% | $0.00 | 630K | Nov 29, 2023 | Common Stock | 733K | Direct | F6, F7, F8 | |
| transaction | XBP | Class B common stock | Disposed to Issuer | $0 | -495K | -78.56% | $0.00 | 135K | Nov 29, 2023 | Common Stock | 495K | Direct | F2, F6, F8 | |
| transaction | XBP | Warrants | Other | $20K | +250K | +185.19% | $0.08 | 385K | Nov 29, 2023 | Common Stock | 250K | $11.50 | Direct | F3, F8 |
| Id | Content |
|---|---|
| F1 | On November 29, 2023, the issuer consummated its initial business combination with XBP Europe, Inc. (the "Business Combination"). Upon closing of the Business Combination, shares of Class A common stock were designated as shares of common stock. |
| F2 | As described in the issuer's registration statement on Form S-1 (File No. 333-253308) under the heading "Description of Securities--Founder Shares", upon consummation of Business Combination and waiver of the Sponsor's anti-dilution rights in connection with the conversion, the shares of Class B common stock converted into shares of Class A common stock on a one-for-one basis. |
| F3 | Pursuant to that certain Forward Purchase Contract, dated March 11, 2021, by and between the issuer and the Sponsor, the Sponsor acquired an aggregate of 1,250,000 shares of Class A common stock and 250,000 warrants, each warrant entitling the holder thereof to purchase one share of Class A common stock for $11.50 per share, for a total purchase price of $10,000,000. |
| F4 | In connection with the closing of the Business Combination, these shares were issued to the Sponsor in consideration for the repayment of certain amounts owed by the issuer to the Sponsor, at a price of $10.00 per share. |
| F5 | Upon closing of the Business Combination, the Sponsor distributed these shares to Cantor Fitzgerald, L.P. ("Cantor"), its sole member, and Cantor further distributed these shares to certain of its partners who are not affiliates of the issuer. Such partners of Cantor acquired these shares for an average price of $9.99 per share. |
| F6 | As described in the issuer's registration statement on Form S-1 (File No. 333-253308) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights. |
| F7 | In connection with the closing of Business Combination, the Sponsor forfeited 733,400 shares of Class B common stock. |
| F8 | The Sponsor is the record holder of the shares reported herein. Cantor is the sole member of the Sponsor. CF Group Management, Inc. ("CFGM") is the managing general partner of Cantor. Mr. Lutnick is the Chairman and Chief Executive Officer of CFGM and is the trustee of CFGM's sole stockholder. As such, each of Cantor, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the securities directly held by the Sponsor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly. |