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What Happened to XBP Global Holdings?
Ticker: XBPSPAC Year: 2021Merger: 2023
Return
-60.8%
Current Price
$2
Peak Price
$474
Trust Size
$948M
Summary
XBP Global Holdings (formerly XBP Europe) provides intelligent document processing, automation, and business process outsourcing services. The company went public via SPAC and acquired Exela Technologies' BPA division in 2025.
What Happened
XBP Europe went public via SPAC merger and has been growing through acquisition, notably acquiring Exela Technologies BPA in 2025 and rebranding to XBP Global Holdings. Revenue grew 18% year-over-year in Q2 2025. The stock trades at low levels but the company is operationally active. It was misclassified as bankrupt.
Timeline
2021-03-10
S-1 Registration Filed
2023-08-04
Merger Proxy Filed (DEFM14A)
Risk Indicators
â ïļ Reverse Split