Filing Overview
Registrant: CF Acquisition Corp. VIII, a Delaware special purpose acquisition company; the filing metadata identifies XBP Global Holdings, Inc., but the filing itself names CF Acquisition Corp. VIII as registrant.
Form 8-K date: July 8, 2021, reporting events occurring July 5, 2021. The filing reports management and board changes under Item 5.02.
Business Context and Reporting Period
The filing concerns changes to the registrant’s chief financial officer, board of directors, and audit committee. It does not provide operating or period-end financial results.
Financial and Operating Metrics
- Revenue, net income, margins, operating cash flow, capital expenditures, debt, liquidity, and balance-sheet metrics are not reported in this filing.
- No financial guidance or quantitative outlook is provided.
Material Changes and Management Commentary
- Effective July 8, 2021, Jane Novak was appointed interim Chief Financial Officer.
- Steven Bisgay was elected as a director and appointed to the audit committee.
- Alice Chan resigned as Chief Financial Officer, director, and audit committee member on July 5, 2021, to pursue other endeavors.
- The company stated that Ms. Chan’s resignation did not result from any disagreement regarding the company’s operations, policies, or practices.
- Ms. Novak has accounting policy, financial reporting, SEC reporting, US GAAP, IFRS, and SEC compliance experience and is a certified public accountant.
- Mr. Bisgay is CFO of BGC Partners, Inc. and has held senior finance and director positions at Cantor Fitzgerald and related entities, including a prior CFO role at another Cantor-affiliated SPAC.
Risks, Contingencies, and Unusual Items
- The filing does not disclose litigation, contingencies, debt changes, related-party transactions, or other unusual financial items.
- The company stated that no family relationships exist between the appointed individuals and the company’s directors or executive officers.
- The company stated that no transactions involving Ms. Novak or Mr. Bisgay require disclosure under Item 404(a) of Regulation S-K.
- The appointments may involve overlapping professional affiliations with Cantor Fitzgerald and related entities; the filing does not identify a specific conflict or financial arrangement.
Investor Verification Points
- Verify whether CF Acquisition Corp. VIII is the correct registrant for the XBP Global Holdings, Inc. filing reference.
- Review subsequent filings for the permanent CFO appointment and any further board or audit committee changes.
- Confirm whether the management changes affected the company’s proposed transaction, business combination process, or reporting obligations.
- Check subsequent periodic filings for financial results, liquidity, trust-account balances, transaction expenses, and other SPAC-related disclosures.