Exela Technologies’ European Business to Go Public via CF SPAC

Exela Technologies says its European business XBP Europe is going to go public via merger with CF Acquisition.

• Transaction values XBP Europe at an initial enterprise value of $220m
• XBP Europe expected to be listed on Nasdaq under the symbol XBP
• Until closing of the transaction, shares will trade on Nasdaq under the symbol CFFE
• Expects to close transaction in 1H of 2023
• Cantor Fitzgerald & Co. is acting as financial and capital markets adviser to CFVIII

NOTE

• Exela Technologies Inc. rose 1.1% in premarket trading to 38c as of 8:05 a.m. New York time before trading was halted ...