SEC Comment Letter 0000000000-23-007842 to XBP Global Holdings, Inc. (XBP)
XBP Global Holdings, Inc.
Date: July 24, 2023 · CIK: 0001839530 · Accession: 0000000000-23-007842
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-40206
Letter
United States securities and exchange commission logo July 24, 2023 Howard Lutnick Chief Executive Officer CF Acquisition Corp. VIII 110 East 59th Street New York, NY 10022 Re:CF Acquisition Corp. VIII Amendment No. 2 to Preliminary Proxy Statement on Schedule 14A Filed July 17, 2023 File No. 001-40206 Dear Howard Lutnick: We have reviewed your July 14, 2023 response to our comment letter and have the following comment. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our May 25, 2023 letter. Amendment No. 2 to Preliminary Proxy Statement on Schedule 14A Filed July 17, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations of XBP Europe Results of Operations Three Months Ended March 31, 2023 Compared to Three Months Ended March 31, 2022, page 1.Please address the following: •Provide further insight in regard to the reductions in revenues attributable to lower volumes. Discuss whether this is a known trend and your expectations of this continuing or improving. Refer to Item 303(b)(2)(ii) of Regulation S-K. •Given the percentage decrease in revenue outpaced the percentage decrease in cost of revenue for the quarter ended March 31, 2023 and cost of revenue as a percentage of
FirstName LastNameHoward Lutnick Comapany NameCF Acquisition Corp. VIII July 24, 2023 Page 2 FirstName LastName Howard Lutnick CF Acquisition Corp. VIII July 24, 2023 Page 2 revenue for the same quarter increased 9.4% compared to the comparative prior period, revise to provide the underlying trends, factors, events, or transactions that caused the change in the relationship between costs and revenues, and expand on how the revenue mix affected the changes in cost of revenue. You may contact Stephen Kim at 202-551-3291 or Rufus Decker at 202-551-3769 if you have questions regarding comments on the financial statements and related matters. Please contact Kate Beukenkamp at 202-551-3861 or Donald Field at 202-551-3680 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Gary Simon
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United States securities and exchange commission logo
July 24, 2023
Howard Lutnick
Chief Executive Officer
CF Acquisition Corp. VIII
110 East 59th Street
New York, NY 10022
Re:CF Acquisition Corp. VIII
Amendment No. 2 to Preliminary Proxy Statement on Schedule 14A
Filed July 17, 2023
File No. 001-40206
Dear Howard Lutnick:
We have reviewed your July 14, 2023 response to our comment letter and have the
following comment. In some of our comments, we may ask you to provide us with information
so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
May 25, 2023 letter.
Amendment No. 2 to Preliminary Proxy Statement on Schedule 14A Filed July 17, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations of
XBP Europe
Results of Operations
Three Months Ended March 31, 2023 Compared to Three Months Ended March 31, 2022, page
205
1.Please address the following:
•Provide further insight in regard to the reductions in revenues attributable to lower
volumes. Discuss whether this is a known trend and your expectations of this
continuing or improving. Refer to Item 303(b)(2)(ii) of Regulation S-K.
•Given the percentage decrease in revenue outpaced the percentage decrease in cost of
revenue for the quarter ended March 31, 2023 and cost of revenue as a percentage of
FirstName LastNameHoward Lutnick
Comapany NameCF Acquisition Corp. VIII
July 24, 2023 Page 2
FirstName LastName
Howard Lutnick
CF Acquisition Corp. VIII
July 24, 2023
Page 2
revenue for the same quarter increased 9.4% compared to the comparative prior
period, revise to provide the underlying trends, factors, events, or transactions that
caused the change in the relationship between costs and revenues, and expand on how
the revenue mix affected the changes in cost of revenue.
You may contact Stephen Kim at 202-551-3291 or Rufus Decker at 202-551-3769 if you
have questions regarding comments on the financial statements and related matters. Please
contact Kate Beukenkamp at 202-551-3861 or Donald Field at 202-551-3680 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Gary Simon