[8-K] ProAssurance Corporation Reports Material Event
Exela Technologies, Inc. and its controlled entities (XCV-STS, LLC and GP 3XCV LLC) filed a Schedule 13D disclosing equity obtained through XBP Global Holdings, Inc.鈥檚 Chapter 11 restructuring completed on 29 Jul 2025.
鈥� Exela now beneficially owns 33,669,980 shares/warrants, equal to 27.08 % of XBP鈥檚 117,715,369 outstanding shares.
鈥� Executive Chairman Par Chadha personally holds another 2,357,260 shares; combined with Exela鈥檚 stake, he controls 36,027,240 shares/warrants or 28.97 % of the company.
鈥� Ownership arose from conversion of Allowed Notes Claims and a Membership Interest Purchase Agreement executed during the court-approved restructuring. Subsidiaries received 25.4 m common shares plus 6.63 m warrant shares; warrants鈥� terms are filed as Exhibit 99.3.
The shares received are pledged as security for potential tax obligations tied to the restructuring. A Tax Funding Agreement obligates Exela affiliates to pay the first $15 m and any liability above $25 m. A Registration Rights Agreement grants shelf, demand and piggy-back rights for future resale. No other purpose or immediate plans (e.g., takeover, board changes) are stated beyond investment and fulfillment of court-mandated arrangements.
Post-transaction, XBP鈥檚 shareholder base is highly concentrated, giving Exela/Chadha significant influence while leaving 71 % in public or other hands.
Exela Technologies, Inc. e le sue entit脿 controllate (XCV-STS, LLC e GP 3XCV LLC) hanno depositato un Schedule 13D comunicando l鈥檈quity acquisito tramite la ristrutturazione Chapter 11 di XBP Global Holdings, Inc., completata il 29 luglio 2025.
鈥� Exela detiene ora beneficiariamente 33.669.980 azioni/warrant, pari al 27,08% delle 117.715.369 azioni in circolazione di XBP.
鈥� Il Presidente Esecutivo Par Chadha possiede personalmente altre 2.357.260 azioni; sommando la partecipazione di Exela, controlla complessivamente 36.027.240 azioni/warrant, ovvero il 28,97% della societ脿.
鈥� La propriet脿 deriva dalla conversione di Allowed Notes Claims e da un Membership Interest Purchase Agreement stipulato durante la ristrutturazione approvata dal tribunale. Le controllate hanno ricevuto 25,4 milioni di azioni ordinarie pi霉 6,63 milioni di warrant; i termini dei warrant sono depositati come Exhibit 99.3.
Le azioni ricevute sono vincolate a garanzia per eventuali obblighi fiscali legati alla ristrutturazione. Un Tax Funding Agreement obbliga le affiliate di Exela a pagare i primi 15 milioni di dollari e qualsiasi passivit脿 superiore a 25 milioni. Un Registration Rights Agreement concede diritti di shelf, demand e piggy-back per future rivendite. Non sono dichiarati altri scopi o piani immediati (ad esempio, takeover o cambiamenti nel consiglio) oltre all鈥檌nvestimento e all鈥檃dempimento degli accordi imposti dal tribunale.
Dopo la transazione, la base azionaria di XBP 猫 altamente concentrata, conferendo a Exela/Chadha un鈥檌nfluenza significativa, mentre il 71% rimane in mani pubbliche o di altri investitori.
Exela Technologies, Inc. y sus entidades controladas (XCV-STS, LLC y GP 3XCV LLC) presentaron un Schedule 13D revelando la participaci贸n accionaria obtenida a trav茅s de la reestructuraci贸n bajo el Cap铆tulo 11 de XBP Global Holdings, Inc., completada el 29 de julio de 2025.
鈥� Exela ahora posee beneficiosamente 33,669,980 acciones/warrants, equivalentes al 27.08% de las 117,715,369 acciones en circulaci贸n de XBP.
鈥� El Presidente Ejecutivo Par Chadha posee personalmente otras 2,357,260 acciones; combinadas con la participaci贸n de Exela, controla 36,027,240 acciones/warrants, o el 28.97% de la compa帽铆a.
鈥� La propiedad proviene de la conversi贸n de Allowed Notes Claims y un Acuerdo de Compra de Participaci贸n Ejecutado durante la reestructuraci贸n aprobada por el tribunal. Las subsidiarias recibieron 25.4 millones de acciones comunes m谩s 6.63 millones de acciones warrant; los t茅rminos de los warrants est谩n presentados como Exhibit 99.3.
Las acciones recibidas est谩n pignoradas como garant铆a para posibles obligaciones fiscales relacionadas con la reestructuraci贸n. Un Acuerdo de Financiamiento Fiscal obliga a las afiliadas de Exela a pagar los primeros 15 millones de d贸lares y cualquier responsabilidad que supere los 25 millones. Un Acuerdo de Derechos de Registro otorga derechos de shelf, demanda y piggy-back para futuras reventas. No se declaran otros prop贸sitos o planes inmediatos (por ejemplo, toma de control o cambios en la junta) m谩s all谩 de la inversi贸n y el cumplimiento de los acuerdos judiciales.
Despu茅s de la transacci贸n, la base accionaria de XBP est谩 altamente concentrada, otorgando a Exela/Chadha una influencia significativa, mientras que el 71% permanece en manos p煤blicas u otros inversores.
Exela Technologies, Inc.鞕� 攴� 韱奠牅 旮办梾霌�(XCV-STS, LLC 氚� GP 3XCV LLC)鞚� 2025雲� 7鞗� 29鞚� 鞕勲霅� XBP Global Holdings, Inc.鞚� 毂曧劙 11 甑“臁办爼鞚� 韱淀暣 頇曤炒頃� 歆�攵勳潉 瓿店皽頃橂姅 Schedule 13D毳� 鞝滌稖頄堨姷雼堧嫟.
鈥� Exela電� 順勳灛 XBP鞚� 117,715,369欤� 氚滍枆 欤检嫕 欷� 33,669,980欤�/鞗岆煱韸鸽ゼ 鞁れ鞝侅溂搿� 靻岇湢頃橁碃 鞛堨溂氅�, 鞚措姅 27.08%鞐� 頃措嫻頃╇媹雼�.
鈥� 斓滉碃瓴届榿鞛�(Executive Chairman) Par Chadha電� 臧滌澑鞝侅溂搿� 於旉皜搿� 2,357,260欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, Exela鞚� 歆�攵勱臣 頃╈硱 齑� 36,027,240欤�/鞗岆煱韸�, 歃� 28.97%毳� 韱奠牅頃橁碃 鞛堨姷雼堧嫟.
鈥� 靻岇湢甓岇潃 氩曥洂 鞀轨澑 甑“臁办爼 欷� 觳搓舶霅� Allowed Notes Claims 鞝勴櫂 氚� Membership Interest Purchase Agreement鞐愳劀 牍勲’霅橃棃鞀惦媹雼�. 鞛愴殞靷姅 2,540毵� 氤错喌欤检檧 663毵� 鞗岆煱韸鸽ゼ 氚涭晿鞙茧┌, 鞗岆煱韸� 臁瓣贝鞚� Exhibit 99.3鞙茧 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
靾橂牴頃� 欤检嫕鞚� 甑“臁办爼瓿� 甏�霠悳 鞛犾灛鞝� 靹戈笀 鞚橂鞐� 雽�頃� 雼措炒搿� 鞝滉车霅橃柎 鞛堨姷雼堧嫟. Tax Funding Agreement電� Exela 瓿勳棿靷皜 斓滌磮 1,500毵� 雼煬鞕� 2,500毵� 雼煬 齑堦臣攵勳棎 雽�頃� 毂呾瀯歆�霃勲 攴滌爼頃╇媹雼�. Registration Rights Agreement電� 頄ロ泟 鞛寪毵るゼ 鞙勴暅 shelf, demand 氚� piggy-back 甓岆Μ毳� 攵�鞐暕雼堧嫟. 鞚胳垬雮� 鞚挫偓須� 氤�瓴� 霌� 歃夑皝鞝侅澑 雼るジ 氇╈爜鞚措倶 瓿勴殟鞚� 鞐嗢溂氅�, 韴瀽 氚� 氩曥洂 氇呺牴 鞚错枆鞐� 甑暅霅╇媹雼�.
瓯半灅 頉� XBP鞚� 欤检＜ 旮半皹鞚� 毵れ毎 歆戩霅橃柎 Exela/Chadha臧� 靸侂嫻頃� 鞓來枼霠レ潉 臧�歆�電� 氚橂┐, 71%電� 瓿店车 霕愲姅 旮绊儉 韴瀽鞛� 靻岇湢搿� 雮晞 鞛堨姷雼堧嫟.
Exela Technologies, Inc. et ses entit茅s contr么l茅es (XCV-STS, LLC et GP 3XCV LLC) ont d茅pos茅 un Schedule 13D divulguant les actions acquises via la restructuration du Chapitre 11 de XBP Global Holdings, Inc., finalis茅e le 29 juillet 2025.
鈥� Exela d茅tient d茅sormais b茅n茅ficiairement 33 669 980 actions/bons de souscription, soit 27,08 % des 117 715 369 actions en circulation de XBP.
鈥� Le Pr茅sident ex茅cutif Par Chadha d茅tient personnellement 2 357 260 actions suppl茅mentaires ; combin茅 脿 la participation d鈥橢xela, il contr么le 36 027 240 actions/BS, soit 28,97 % de la soci茅t茅.
鈥� La propri茅t茅 r茅sulte de la conversion de cr茅ances Allowed Notes Claims et d鈥檜n Membership Interest Purchase Agreement conclu lors de la restructuration approuv茅e par le tribunal. Les filiales ont re莽u 25,4 millions d鈥檃ctions ordinaires et 6,63 millions de bons de souscription ; les conditions des bons sont d茅pos茅es en tant qu鈥橢xhibit 99.3.
Les actions re莽ues sont nanties en garantie pour d鈥櫭﹙entuelles obligations fiscales li茅es 脿 la restructuration. Un Tax Funding Agreement oblige les filiales d鈥橢xela 脿 payer les premiers 15 millions de dollars et toute responsabilit茅 au-del脿 de 25 millions. Un Registration Rights Agreement accorde des droits de shelf, de demande et de piggy-back pour les reventes futures. Aucun autre but ou plan imm茅diat (ex. prise de contr么le, changements au conseil) n鈥檈st d茅clar茅, hormis l鈥檌nvestissement et le respect des arrangements judiciaires.
Apr猫s la transaction, la base d鈥檃ctionnaires de XBP est fortement concentr茅e, conf茅rant 脿 Exela/Chadha une influence significative, tandis que 71 % restent d茅tenus par le public ou d鈥檃utres investisseurs.
Exela Technologies, Inc. und deren kontrollierte Einheiten (XCV-STS, LLC und GP 3XCV LLC) haben einen Schedule 13D eingereicht, in dem die durch die Chapter-11-Restrukturierung von XBP Global Holdings, Inc., abgeschlossen am 29. Juli 2025, erworbenen Eigenkapitalanteile offengelegt werden.
鈥� Exela besitzt nun wirtschaftlich 33.669.980 Aktien/Warrants, was 27,08% der 117.715.369 ausstehenden Aktien von XBP entspricht.
鈥� Executive Chairman Par Chadha h盲lt pers枚nlich weitere 2.357.260 Aktien; zusammen mit Exelas Anteil kontrolliert er 36.027.240 Aktien/Warrants oder 28,97% des Unternehmens.
鈥� Das Eigentum entstand durch die Umwandlung von Allowed Notes Claims und eine w盲hrend der gerichtlich genehmigten Restrukturierung abgeschlossene Membership Interest Purchase Agreement. Tochtergesellschaften erhielten 25,4 Mio. Stammaktien sowie 6,63 Mio. Warrants; die Bedingungen der Warrants sind als Exhibit 99.3 eingereicht.
Die erhaltenen Aktien sind als Sicherheit verpf盲ndet f眉r m枚gliche steuerliche Verpflichtungen im Zusammenhang mit der Restrukturierung. Ein Tax Funding Agreement verpflichtet Exela-Filialen zur Zahlung der ersten 15 Mio. USD und etwaiger Verbindlichkeiten 眉ber 25 Mio. USD hinaus. Ein Registration Rights Agreement gew盲hrt Shelf-, Demand- und Piggy-Back-Rechte f眉r zuk眉nftigen Wiederverkauf. Es sind keine weiteren Zwecke oder unmittelbaren Pl盲ne (z.B. 脺bernahme, Vorstandsumstrukturierungen) angegeben, au脽er Investition und Erf眉llung der gerichtlich angeordneten Vereinbarungen.
Nach der Transaktion ist die Aktion盲rsbasis von XBP stark konzentriert, was Exela/Chadha erheblichen Einfluss verleiht, w盲hrend 71 % in 枚ffentlichen oder anderen H盲nden verbleiben.
- Debt-to-equity conversion eliminates a portion of XBP鈥檚 11.5 % 2026 notes, reducing leverage post-bankruptcy.
- Exela/Chadha鈥檚 29 % stake may align interests between a strategic partner and XBP, potentially aiding operational support.
- Registration Rights Agreement improves future liquidity for large holders, lowering overhang uncertainty once shares are registered.
- High ownership concentration (鈮�29 %) increases governance control risk for minority shareholders.
- All pledged shares secure up to $25 m+ tax liabilities, creating potential forced-sale or encumbrance scenarios.
- Possible future share sales by Exela once registration becomes effective could pressure the stock鈥檚 float and price.
Insights
TL;DR 鈥� Restructuring gives Exela/Chadha 29 % control of XBP, improving alignment but raising concentration and tax-pledge risks.
The filing formalises a court-driven debt-to-equity swap, converting Exela鈥檚 2026 note claims into 27 % equity plus warrants. Coupled with Chadha鈥檚 direct holdings, effective control nears 29 %. Investors gain clarity on cap-table and future dilution: all counts are based on 117.7 m shares, fully reflecting 6.6 m warrant shares. The Registration Rights Agreement hints at potential secondary sales once lock-ups lapse, affecting float. Pledge of shares to satisfy up to >$25 m of transaction tax liability introduces encumbrance risk. Overall impact is strategic but not immediately value-changing; governance influence is enhanced, yet concentration could deter minority investors.
Exela Technologies, Inc. e le sue entit脿 controllate (XCV-STS, LLC e GP 3XCV LLC) hanno depositato un Schedule 13D comunicando l鈥檈quity acquisito tramite la ristrutturazione Chapter 11 di XBP Global Holdings, Inc., completata il 29 luglio 2025.
鈥� Exela detiene ora beneficiariamente 33.669.980 azioni/warrant, pari al 27,08% delle 117.715.369 azioni in circolazione di XBP.
鈥� Il Presidente Esecutivo Par Chadha possiede personalmente altre 2.357.260 azioni; sommando la partecipazione di Exela, controlla complessivamente 36.027.240 azioni/warrant, ovvero il 28,97% della societ脿.
鈥� La propriet脿 deriva dalla conversione di Allowed Notes Claims e da un Membership Interest Purchase Agreement stipulato durante la ristrutturazione approvata dal tribunale. Le controllate hanno ricevuto 25,4 milioni di azioni ordinarie pi霉 6,63 milioni di warrant; i termini dei warrant sono depositati come Exhibit 99.3.
Le azioni ricevute sono vincolate a garanzia per eventuali obblighi fiscali legati alla ristrutturazione. Un Tax Funding Agreement obbliga le affiliate di Exela a pagare i primi 15 milioni di dollari e qualsiasi passivit脿 superiore a 25 milioni. Un Registration Rights Agreement concede diritti di shelf, demand e piggy-back per future rivendite. Non sono dichiarati altri scopi o piani immediati (ad esempio, takeover o cambiamenti nel consiglio) oltre all鈥檌nvestimento e all鈥檃dempimento degli accordi imposti dal tribunale.
Dopo la transazione, la base azionaria di XBP 猫 altamente concentrata, conferendo a Exela/Chadha un鈥檌nfluenza significativa, mentre il 71% rimane in mani pubbliche o di altri investitori.
Exela Technologies, Inc. y sus entidades controladas (XCV-STS, LLC y GP 3XCV LLC) presentaron un Schedule 13D revelando la participaci贸n accionaria obtenida a trav茅s de la reestructuraci贸n bajo el Cap铆tulo 11 de XBP Global Holdings, Inc., completada el 29 de julio de 2025.
鈥� Exela ahora posee beneficiosamente 33,669,980 acciones/warrants, equivalentes al 27.08% de las 117,715,369 acciones en circulaci贸n de XBP.
鈥� El Presidente Ejecutivo Par Chadha posee personalmente otras 2,357,260 acciones; combinadas con la participaci贸n de Exela, controla 36,027,240 acciones/warrants, o el 28.97% de la compa帽铆a.
鈥� La propiedad proviene de la conversi贸n de Allowed Notes Claims y un Acuerdo de Compra de Participaci贸n Ejecutado durante la reestructuraci贸n aprobada por el tribunal. Las subsidiarias recibieron 25.4 millones de acciones comunes m谩s 6.63 millones de acciones warrant; los t茅rminos de los warrants est谩n presentados como Exhibit 99.3.
Las acciones recibidas est谩n pignoradas como garant铆a para posibles obligaciones fiscales relacionadas con la reestructuraci贸n. Un Acuerdo de Financiamiento Fiscal obliga a las afiliadas de Exela a pagar los primeros 15 millones de d贸lares y cualquier responsabilidad que supere los 25 millones. Un Acuerdo de Derechos de Registro otorga derechos de shelf, demanda y piggy-back para futuras reventas. No se declaran otros prop贸sitos o planes inmediatos (por ejemplo, toma de control o cambios en la junta) m谩s all谩 de la inversi贸n y el cumplimiento de los acuerdos judiciales.
Despu茅s de la transacci贸n, la base accionaria de XBP est谩 altamente concentrada, otorgando a Exela/Chadha una influencia significativa, mientras que el 71% permanece en manos p煤blicas u otros inversores.
Exela Technologies, Inc.鞕� 攴� 韱奠牅 旮办梾霌�(XCV-STS, LLC 氚� GP 3XCV LLC)鞚� 2025雲� 7鞗� 29鞚� 鞕勲霅� XBP Global Holdings, Inc.鞚� 毂曧劙 11 甑“臁办爼鞚� 韱淀暣 頇曤炒頃� 歆�攵勳潉 瓿店皽頃橂姅 Schedule 13D毳� 鞝滌稖頄堨姷雼堧嫟.
鈥� Exela電� 順勳灛 XBP鞚� 117,715,369欤� 氚滍枆 欤检嫕 欷� 33,669,980欤�/鞗岆煱韸鸽ゼ 鞁れ鞝侅溂搿� 靻岇湢頃橁碃 鞛堨溂氅�, 鞚措姅 27.08%鞐� 頃措嫻頃╇媹雼�.
鈥� 斓滉碃瓴届榿鞛�(Executive Chairman) Par Chadha電� 臧滌澑鞝侅溂搿� 於旉皜搿� 2,357,260欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, Exela鞚� 歆�攵勱臣 頃╈硱 齑� 36,027,240欤�/鞗岆煱韸�, 歃� 28.97%毳� 韱奠牅頃橁碃 鞛堨姷雼堧嫟.
鈥� 靻岇湢甓岇潃 氩曥洂 鞀轨澑 甑“臁办爼 欷� 觳搓舶霅� Allowed Notes Claims 鞝勴櫂 氚� Membership Interest Purchase Agreement鞐愳劀 牍勲’霅橃棃鞀惦媹雼�. 鞛愴殞靷姅 2,540毵� 氤错喌欤检檧 663毵� 鞗岆煱韸鸽ゼ 氚涭晿鞙茧┌, 鞗岆煱韸� 臁瓣贝鞚� Exhibit 99.3鞙茧 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
靾橂牴頃� 欤检嫕鞚� 甑“臁办爼瓿� 甏�霠悳 鞛犾灛鞝� 靹戈笀 鞚橂鞐� 雽�頃� 雼措炒搿� 鞝滉车霅橃柎 鞛堨姷雼堧嫟. Tax Funding Agreement電� Exela 瓿勳棿靷皜 斓滌磮 1,500毵� 雼煬鞕� 2,500毵� 雼煬 齑堦臣攵勳棎 雽�頃� 毂呾瀯歆�霃勲 攴滌爼頃╇媹雼�. Registration Rights Agreement電� 頄ロ泟 鞛寪毵るゼ 鞙勴暅 shelf, demand 氚� piggy-back 甓岆Μ毳� 攵�鞐暕雼堧嫟. 鞚胳垬雮� 鞚挫偓須� 氤�瓴� 霌� 歃夑皝鞝侅澑 雼るジ 氇╈爜鞚措倶 瓿勴殟鞚� 鞐嗢溂氅�, 韴瀽 氚� 氩曥洂 氇呺牴 鞚错枆鞐� 甑暅霅╇媹雼�.
瓯半灅 頉� XBP鞚� 欤检＜ 旮半皹鞚� 毵れ毎 歆戩霅橃柎 Exela/Chadha臧� 靸侂嫻頃� 鞓來枼霠レ潉 臧�歆�電� 氚橂┐, 71%電� 瓿店车 霕愲姅 旮绊儉 韴瀽鞛� 靻岇湢搿� 雮晞 鞛堨姷雼堧嫟.
Exela Technologies, Inc. et ses entit茅s contr么l茅es (XCV-STS, LLC et GP 3XCV LLC) ont d茅pos茅 un Schedule 13D divulguant les actions acquises via la restructuration du Chapitre 11 de XBP Global Holdings, Inc., finalis茅e le 29 juillet 2025.
鈥� Exela d茅tient d茅sormais b茅n茅ficiairement 33 669 980 actions/bons de souscription, soit 27,08 % des 117 715 369 actions en circulation de XBP.
鈥� Le Pr茅sident ex茅cutif Par Chadha d茅tient personnellement 2 357 260 actions suppl茅mentaires ; combin茅 脿 la participation d鈥橢xela, il contr么le 36 027 240 actions/BS, soit 28,97 % de la soci茅t茅.
鈥� La propri茅t茅 r茅sulte de la conversion de cr茅ances Allowed Notes Claims et d鈥檜n Membership Interest Purchase Agreement conclu lors de la restructuration approuv茅e par le tribunal. Les filiales ont re莽u 25,4 millions d鈥檃ctions ordinaires et 6,63 millions de bons de souscription ; les conditions des bons sont d茅pos茅es en tant qu鈥橢xhibit 99.3.
Les actions re莽ues sont nanties en garantie pour d鈥櫭﹙entuelles obligations fiscales li茅es 脿 la restructuration. Un Tax Funding Agreement oblige les filiales d鈥橢xela 脿 payer les premiers 15 millions de dollars et toute responsabilit茅 au-del脿 de 25 millions. Un Registration Rights Agreement accorde des droits de shelf, de demande et de piggy-back pour les reventes futures. Aucun autre but ou plan imm茅diat (ex. prise de contr么le, changements au conseil) n鈥檈st d茅clar茅, hormis l鈥檌nvestissement et le respect des arrangements judiciaires.
Apr猫s la transaction, la base d鈥檃ctionnaires de XBP est fortement concentr茅e, conf茅rant 脿 Exela/Chadha une influence significative, tandis que 71 % restent d茅tenus par le public ou d鈥檃utres investisseurs.
Exela Technologies, Inc. und deren kontrollierte Einheiten (XCV-STS, LLC und GP 3XCV LLC) haben einen Schedule 13D eingereicht, in dem die durch die Chapter-11-Restrukturierung von XBP Global Holdings, Inc., abgeschlossen am 29. Juli 2025, erworbenen Eigenkapitalanteile offengelegt werden.
鈥� Exela besitzt nun wirtschaftlich 33.669.980 Aktien/Warrants, was 27,08% der 117.715.369 ausstehenden Aktien von XBP entspricht.
鈥� Executive Chairman Par Chadha h盲lt pers枚nlich weitere 2.357.260 Aktien; zusammen mit Exelas Anteil kontrolliert er 36.027.240 Aktien/Warrants oder 28,97% des Unternehmens.
鈥� Das Eigentum entstand durch die Umwandlung von Allowed Notes Claims und eine w盲hrend der gerichtlich genehmigten Restrukturierung abgeschlossene Membership Interest Purchase Agreement. Tochtergesellschaften erhielten 25,4 Mio. Stammaktien sowie 6,63 Mio. Warrants; die Bedingungen der Warrants sind als Exhibit 99.3 eingereicht.
Die erhaltenen Aktien sind als Sicherheit verpf盲ndet f眉r m枚gliche steuerliche Verpflichtungen im Zusammenhang mit der Restrukturierung. Ein Tax Funding Agreement verpflichtet Exela-Filialen zur Zahlung der ersten 15 Mio. USD und etwaiger Verbindlichkeiten 眉ber 25 Mio. USD hinaus. Ein Registration Rights Agreement gew盲hrt Shelf-, Demand- und Piggy-Back-Rechte f眉r zuk眉nftigen Wiederverkauf. Es sind keine weiteren Zwecke oder unmittelbaren Pl盲ne (z.B. 脺bernahme, Vorstandsumstrukturierungen) angegeben, au脽er Investition und Erf眉llung der gerichtlich angeordneten Vereinbarungen.
Nach der Transaktion ist die Aktion盲rsbasis von XBP stark konzentriert, was Exela/Chadha erheblichen Einfluss verleiht, w盲hrend 71 % in 枚ffentlichen oder anderen H盲nden verbleiben.
UNITED STATES | |||||
SECURITIES AND EXCHANGE COMMISSION | |||||
Washington, D.C. 20549 | |||||
FORM | |||||
CURRENT REPORT | |||||
| Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 | |||||
Date of Report (Date of earliest event reported): August 5, 2025 | |||||
 | |||||
(Exact name of registrant as specified in its charter) | |||||
(State of Incorporation) | (Commission File No.) | (IRS Employer I.D. No.) | ||||||
| (Address of Principal Executive Office ) | (Zip code) | ||||||||||
Registrant’s telephone number, including area code: | ||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange Act (17CFR 240.13e-(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||||
| Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ | |||||
| PROASSURANCE CORPORATION | ||
| by: /s/ Jeffrey P. Lisenby | ||
| ----------------------------------------------------- | ||
| Jeffrey P. Lisenby General Counsel | ||
Source:
FAQ
How much of XBP Global Holdings (XBPEW) does Exela now own?
What is Par Chadha鈥檚 total beneficial ownership in XBP?
How were the shares acquired?
Are the new shares subject to any restrictions?
What potential dilution exists from warrants?
