Lutnick Amends XBP Europe Holdings Stake

TL;DR

Lutnick's group updated their XBP Europe stake filing on Nov 21, 2024. Watch this space.

AI Summary

Howard W. Lutnick, through CFAC Holdings VIII, LLC, has amended their Schedule 13D filing for XBP Europe Holdings, Inc. on November 21, 2024. The filing indicates a change in beneficial ownership, with Lutnick and associated entities holding a significant stake in the company. Specific details on the percentage of ownership or the exact nature of the change are not fully elaborated in this excerpt.

Why It Matters

This filing signals a potential shift in control or influence over XBP Europe Holdings, Inc., which could impact the company's strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic moves by significant shareholders, potentially leading to volatility.

Key Players & Entities

• Howard W. Lutnick (person) — Filing party and authorized contact
• XBP Europe Holdings, Inc. (company) — Subject company
• CFAC Holdings VIII, LLC (company) — Filing entity
• CANTOR FITZGERALD, L.P. (company) — Group member
• CF GROUP MANAGEMENT, INC. (company) — Group member

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti

Filing Documents

• ea022199603-13da3cfac8_xbp.htm (SC 13D/A) — 96KB
• 0001213900-24-101161.txt ( ) — 98KB

of the Prior Schedule 13D is hereby amended

Item 4 of the Prior Schedule 13D is hereby amended and supplemented by updating previously reported information with respect to the following item: On November 21, 2024, Mr. Lutnick shared a statement in response to being nominated by U.S. President Donald J. Trump to serve as U.S. Secretary of Commerce in which he stated he intends to divest his interests in Cantor to comply with U.S. government ethics rules. Other than as described in this Item 4, none of the Reporting Persons has any current plans or proposals that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (j) of Item 4 of Schedule 13D; provided, that the Reporting Persons may, at any time, review or reconsider their positions with respect to the Company and reserve the right to develop such plans or proposals. Item 5. Interest in Securities of the Issuer

of the Prior Schedule 13D is hereby amended

Item 5 of the Prior Schedule 13D is hereby amended and restated as follows: (a)-(b) The aggregate number and percentage of the shares of Common Stock beneficially owned by each of the Reporting Persons are on the basis of 30,166,102 shares of Common Stock issued and outstanding as of November 6, 2024 as reported by the Issuer in its Quarterly Report on Form 10-Q filed by the Issuer with the SEC on November 12, 2024. As of the date hereof, CFAC directly owns 6,064,404 shares of Common Stock and 385,000 shares of Common Stock underlying an equal number of warrants to purchase shares of Common Stock held by CFAC which are exercisable within 60 days. None of the other Reporting Persons directly own any securities of the Issuer. 6 CFAC a) Amount beneficially owned: 6,449,404 Percentage: 21.1% b) Number of shares to which the Reporting Person has: i. Sole power to vote or to direct the vote: 0 ii. Shared power to vote or to direct the vote: 6,449,404 iii. Sole power to dispose or to direct the disposition of: 0 iv. Shared power to dispose or to direct the disposition of: 6,449,404 Cantor a) Amount beneficially owned: 6,449,404 Percentage: 21.1% b) Number of shares to which the Reporting Person has: i. Sole power to vote or to direct the vote: 0 ii. Shared power to vote or to direct the vote: 6,449,404 iii. Sole power to dispose or to direct the disposition of: 0 iv. Shared power to dispose or to direct the disposition of: 6,449,404 CFGM a) Amount beneficially owned: 6,449,404 Percentage: 21.1% b) Number of shares to which the Reporting Person has: i. Sole power to vote or to direct the vote: 0 ii. Shared power to vote or to direct the vote: 6,449,404 iii. Sole power to dispose or to direct the disposition of: 0 iv. Shared power to dispose or to direct the disposition of: 6,449,404 Howard W. Lutnick a) Amount beneficially owned: 6,449,404 Percentage: 21.1% b) Numb

of the Prior Schedule 13D is hereby amended

Item 6 of the Prior Schedule 13D is hereby amended and supplemented with the information contained in Item 4, which is incorporated by reference herein. 7 SIGNATURE After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this Amendment with respect to the undersigned is true, complete and correct. Date: November 21, 2024 CFAC HOLDINGS VIII, LLC By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer CANTOR FITZGERALD, L.P. By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer CF GROUP MANAGEMENT, INC. By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer /s/ Howard W. Lutnick Howard W. Lutnick [Signature Page to Amendment No. 3 to Schedule 13D, dated November 21, 2024, of CFAC Holdings VIII, LLC, Cantor Fitzgerald, L.P., CF Group Management, Inc. and Howard W. Lutnick – XBP Europe Holdings, Inc.] 8

View Full Filing

View this SC 13D/A filing on SEC EDGAR