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Exela Technologies’ European Business to Go Public via CF SPAC

Oct. 10, 2022, 12:10 PM

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 ...