Gates Capital Management's Schedule 13D Filing for XBP Global Holdings, Inc.

Gates Capital Management, L.P., along with its affiliates, filed a Schedule 13D with the SEC regarding their holdings in XBP Global Holdings, Inc. The filing discloses that Gates Capital and its related entities collectively own 31,931,506 shares of Common Stock, representing approximately 27.2% of the outstanding shares. These shares were acquired as part of a restructuring plan following the Chapter 11 bankruptcy of Exela Technologies BPA, LLC and its affiliates. The restructuring included the exchange of certain senior secured notes and the provision of new money loans. Gates Capital also entered into a registration rights agreement and a financing agreement as part of the restructuring. The filing indicates that Gates Capital may engage in discussions with the issuer regarding various business and strategic matters, and may adjust its investment position based on market conditions and other factors.