XBP Global Holdings, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (a) Sales of Unregistered Securities On March 6, 2023, we issued an aggregate of 5,000,000 shares of Class A common stock to the Sponsor upon the conversion of 5,000,000 shares of Class B common stock held by the Sponsor in the Conversion. The 5,000,000 shares of Class A common stock issued in connection with the Conversion are subject to the same restrictions as applied to the Class B common stock prior to the Conversion, including, among other things, certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor of the Business Combination as described in the prospectus for the Initial Public Offering. (b) Use of Proceeds - Not Applicable. (c) Issuer Purchases of Securities On March 14, 2023, at a special meeting of our stockholders, our stockholders approved the Third Extension. In connection with the stockholder vote to approve the Third Extension, 1,523,509 Public Shares were redeemed at approximately $10.69 a share, resulting in a reduction of $16,290,945 in the amount held in the Trust Account. The following table contains monthly information about the repurchases of our equity securities for the three months ended March 31, 2023: Period (a) Total number of shares (or units) purchased (b) Average price paid per share (or unit) (c) Total number of shares (or units) purchased as part of publicly announced plans or programs (d) Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs January 1 – January 31, 2023 — — — — February 1 – February 28, 2023 — — — — March 1 – March 31, 2023 1,523,509 $ 10.69 — — 29 Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.