Summary by Moomoo AI
On February 7, 2024, the United States Securities and Exchange Commission (SEC) addressed a letter to Andrej Jonovic, CEO of XBP Europe Holdings, Inc., regarding Amendment No. 2 to the company's Registration Statement on Form S-1, which was filed on February 2, 2024. The SEC's letter included comments and requested further amendments to the registration statement, specifically concerning the disclosure of the amount of resale shares being registered as a percentage of the company's public float. The SEC highlighted that the current disclosure compares the percentage to the total number of shares outstanding rather than the public float. The SEC has requested that XBP Europe Holdings revise its disclosure in the Cover Page, Risk Factors section, and elsewhere as necessary. The company has been instructed to respond by amending the registration statement and providing the requested information. The SEC also mentioned that after reviewing the company's amendments and responses, additional comments may follow.