XBP Global Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 14, 2025
XBP$2.91-0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
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| Item 1. Financial Statements | |
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| Condensed Consolidated and Combined Financial Statements | |
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| Condensed Consolidated and Combined Balance Sheets as of September 30, 2025 (Successor) (Unaudited) and December 31, 2024 (Predecessor) | 2 |
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| Condensed Consolidated and Combined Statements of Operations for the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor) (Unaudited) | 3 |
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| Condensed Consolidated and Combined Statements of Comprehensive Loss for the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor) (Unaudited) | 5 |
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| Condensed Consolidated and Combined Statements of Stockholders’ Deficit for the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor) (Unaudited) | 6 |
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| Condensed Consolidated and Combined Statements of Cash Flows for the periods August 1, 2025 to September 30, 2025 (Successor), January 1, 2025 to July 31, 2025 (Predecessor), and the nine months ended September 30, 2024 (Predecessor) (Unaudited) | 8 |
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| Notes to the Condensed Consolidated and Combined Financial Statements (Unaudited) | 9 |
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| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 55 |
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| Item 3. Quantitative and Qualitative Disclosures about Market Risk | 80 |
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| Item 4. Controls and Procedures | 80 |
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| PART II — OTHER INFORMATION | 81 |
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| Item 1. Legal Proceedings | 81 |
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| Item 1A. Risk Factors | 82 |
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| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds, and Issuer Purchases of Equity Securities | 83 |
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| Item 3. Defaults Upon Senior Securities | 83 |
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| Item 4. Mine Safety Disclosures | 83 |
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| Item 5. Other Information | 83 |
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| Item 6. Exhibits | 84 |
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| Signatures | 85 |
XBP Global Holdings, Inc. and Subsidiaries
Condensed Consolidated and Combined Balance Sheets
As of September 30, 2025 (Successor) and December 31, 2024 (Predecessor)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Successor · · · Predecessor | |||||||
| · · Consolidated · · · Combined andConsolidated | |||||||
| · · September 30, · · · | |||||||
| · · 2025 · · · December 31, | |||||||
| · (Unaudited) · 2024 | |||||||
| Assets · · · · | |||||||
| Current assets · · · · | |||||||
| Cash and cash equivalents | | $34,534 | | | $11,635 | ||
| Restricted cash | | 29,705 | | | 52,432 | ||
| Accounts receivable, net of allowance for credit losses of $4,504 and $3,279, respectively | | | 136,586 | | | | 18,663 |
| Related party receivables and prepaid expenses | | | 515 | | | | 12,105 |
| Inventories, net | | | 11,680 | | | | 7,204 |
| Prepaid expenses and other current assets | | | 28,960 | | | | 22,358 |
| Total current assets | | 241,980 | | | 124,397 | ||
| Property, plant and equipment, net of accumulated depreciation of $2,175 and $193,946, respectively | | | 88,534 | | | | 45,106 |
| Operating lease right-of-use assets, net | | | 31,304 | | | | 30,543 |
| Goodwill | | | 214,264 | | | | 39,718 |
| Intangible assets, net | | | 352,686 | | | | 132,842 |
| Other noncurrent assets | | 19,164 | | | 17,815 | ||
| Total assets | | $947,932 | | | $390,421 | ||
| | | | | | | | |
| Liabilities and Stockholders' Equity (Deficit) | | | | ||||
| Liabilities | | | | ||||
| Current liabilities | | | | | | | |
| Current portion of long-term debt | | $34,863 | | | $1,433,484 | ||
| Accounts payable | | | 67,626 | | | | 42,602 |
| Related party payables | | | 5,568 | | | | 3,383 |
| Income tax payable | | | 3,114 | | | | 5,682 |
| Accrued liabilities | | | 56,389 | | | | 44,898 |
| Accrued compensation and benefits | | | 55,798 | | | | 68,179 |
| Accrued interest | | | 7,433 | | | | 80,039 |
| Customer deposits | | | 16,853 | | | | 19,900 |
| Deferred revenue | | | 13,138 | | | | 6,583 |
| Obligation for claim payment | | | 53,902 | | | | 70,805 |
| Current portion of finance lease liabilities | | | 5,464 | | | | 5,441 |
| Current portion of operating lease liabilities | | | 10,215 | | | | 9,210 |
| Total current liabilities | | 330,363 | | | 1,790,206 | ||
| Long-term debt, net of current maturities | | | 346,603 | | | | 1,468 |
| Finance lease liabilities, net of current portion | | | 6,684 | | | | 6,381 |
| Net defined benefit liability | | | 12,693 | | | | 1,041 |
| Deferred income tax liabilities | | | 50,368 | | | | 13,118 |
| Long-term income tax liabilities | | | 8,057 | | | | 8,285 |
| Operating lease liabilities, net of current portion | | | 23,195 | | | | 23,907 |
| Other long-term liabilities | | | 39,466 | | | | 2,803 |
| Total liabilities | | | 817,429 | | | | 1,847,209 |
| Commitments and Contingencies (Note 10) | | | | ||||
| | | | | | | | |
| Stockholders' Equity (Deficit) | | | | ||||
| Successor's common stock, par value of $0.0001 per share; 400,000,000 shares authorized; 117,515,972 shares issued and outstanding as of September 30, 2025 | | | 12 | | | | — |
| Successor's preferred stock, par value of $0.0001 per share; 20,000,000 shares authorized; none issued and outstanding as of September 30, 2025 | | | — | | | | — |
| Additional paid in capital | | | 437,368 | | | | — |
| Accumulated deficit | | | (305,838) | | | | — |
| Predecessor’s net parent investment | | — | | | (1,449,634) | ||
| Accumulated other comprehensive loss: | | | | | | | |
| Foreign currency translation adjustment | | | (1,039) | | | | (7,154) |
| Unrealized pension actuarial gains, net of tax | | | — | | | | — |
| Total accumulated other comprehensive loss | | | (1,039) | | | | (7,154) |
| Total stockholder's equity (deficit) | | | 130,503 | | | | (1,456,788) |
| Total liabilities and stockholder's equity (deficit) | | $947,932 | | | $390,421 | ||
Condensed Consolidated and Combined Statements of Operations
For the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor)
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Successor · · · Predecessor | ||||||||||
| · · Consolidated · · · Combined and Consolidated | ||||||||||
| · Period from August 1, 2025 through September 30, · · · Period from July1, 2025 throughJuly 31, · Three Months Ended September 30, | ||||||||||
| · 2025 · 2025 · 2024 | ||||||||||
| Revenue | | $152,403 | | | $56,527 | | $231,939 | |||
| Related party revenue | | | 4 | | | | 151 | | | 1,487 |
| Cost of revenue (exclusive of depreciation and amortization) | | 119,324 | | | | 43,800 | | 189,387 | ||
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | | 17,980 | | | | 10,966 | | | 26,824 | |
| Depreciation and amortization | | 9,142 | | | | 3,196 | | | 12,100 | |
| Impairment of goodwill | | 295,800 | | | | — | | | 343 | |
| Related party expense | | 2,327 | | | | 599 | | | 2,667 | |
| Operating profit (loss) | | (292,166) | | | | (1,883) | | | 2,105 | |
| Other expense (income), net: | | | | | | | | | | |
| Interest expense, net | | 9,709 | | | | 4,551 | | | 26,388 | |
| Debt modification and extinguishment costs, net | | — | | | | — | | | 256 | |
| Sundry expense (income), net | | 684 | | | | (361) | | | (563) | |
| Other income, net | | (923) | | | | (28) | | | (23) | |
| Loss before reorganization items and income taxes | | (301,636) | | | | (6,045) | | | (23,953) | |
| Reorganization items | | 831 | | | | (1,519,485) | | | — | |
| Profit (loss) before income taxes | | (302,467) | | | | 1,513,440 | | | (23,953) | |
| Income tax expense | | 3,371 | | | | 33,347 | | | 4,364 | |
| Net profit (loss) | | $(305,838) | | | $1,480,093 | | $(28,317) | |||
| Net loss per common share | | | | | | | | | | |
| Basic and diluted | | | (2.60) | | | | | | | |
Condensed Consolidated and Combined Statements of Operations
For the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor)
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Successor · · · Predecessor | ||||||||||
| · · Consolidated · · · Combined and Consolidated | ||||||||||
| · Period from August 1, 2025 throughSeptember 30, · · · Period from January1, 2025 throughJuly 31, · Nine Months Ended September 30, | ||||||||||
| · 2025 · 2025 · 2024 | ||||||||||
| Revenue | | $152,403 | | | $429,187 | | $660,293 | |||
| Related party revenue | | | 4 | | | | 2,474 | | | 3,724 |
| Cost of revenue (exclusive of depreciation and amortization) | | 119,324 | | | | 339,981 | | 520,382 | ||
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | | | 17,980 | | | | 53,946 | | | 94,392 |
| Depreciation and amortization | | | 9,142 | | | | 22,313 | | | 38,709 |
| Impairment of goodwill | | | 295,800 | | | | — | | | 343 |
| Related party expense | | | 2,327 | | | | 5,750 | | | 8,488 |
| Operating profit (loss) | | | (292,166) | | | | 9,671 | | | 1,703 |
| Other expense (income), net: | | | | | | | | | | |
| Interest expense, net | | | 9,709 | | | | 75,226 | | | 75,339 |
| Debt modification and extinguishment costs, net | | | — | | | | 121 | | | 256 |
| Sundry expense (income), net | | | 684 | | | | 1,644 | | | (422) |
| Other income, net | | | (923) | | | | (28) | | | (54) |
| Loss before reorganization items and income taxes | | | (301,636) | | | | (67,292) | | | (73,416) |
| Reorganization items | | | 831 | | | | (1,557,825) | | | — |
| Profit (loss) before income taxes | | | (302,467) | | | | 1,490,533 | | | (73,416) |
| Income tax expense | | | 3,371 | | | | 35,875 | | | 9,410 |
| Net profit (loss) | | $(305,838) | | | $1,454,658 | | $(82,826) | |||
| Net loss per common share | | | | | | | | | | |
| Basic and diluted | | | (2.60) | | | | | | | |
Condensed Consolidated and Combined Statements of Comprehensive Loss
For the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor)
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Successor · · · Predecessor | ||||||||||
| · · Consolidated · · · Combined and Consolidated | ||||||||||
| · Period from August 1, 2025 through September 30, · · · Period from July1, 2025 throughJuly 31, · Three Months Ended September 30, | ||||||||||
| · 2025 · 2025 · 2024 | ||||||||||
| Net profit (loss) | | $(305,838) | | | $1,480,093 | | $(28,317) | |||
| Other comprehensive income (loss), net of tax | | | | | | | | | | |
| Foreign currency translation adjustments | | (1,039) | | | 2,148 | | (1,874) | |||
| Total other comprehensive (loss) gains, net of tax | | | (1,039) | | | | 2,148 | | | (1,874) |
| Comprehensive profit (loss) | | $(306,877) | | | $1,482,241 | | $(30,191) | |||
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Successor · · · Predecessor | ||||||||||
| · · Consolidated · · · Combined and Consolidated | ||||||||||
| · Period from August 1, 2025 through September 30, · · · Period from January1, 2025 throughJuly 31, · Nine Months Ended September 30, | ||||||||||
| · 2025 · 2025 · 2024 | ||||||||||
| Net profit (loss) | | $(305,838) | | | $1,454,658 | | $(82,826) | |||
| Other comprehensive loss, net of tax | | | | | | | | | | |
| Foreign currency translation adjustments | | (1,039) | | | (690) | | (1,995) | |||
| Total other comprehensive loss, net of tax | | | (1,039) | | | | (690) | | | (1,995) |
| Comprehensive profit (loss) | | $(306,877) | | | $1,453,968 | | $(84,821) | |||
Condensed Consolidated and Combined Statements of Stockholders’ Deficit
For the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Combined and Consolidated | |||||||||
| · · · · · Accumulated OtherComprehensive Loss · · · | |||||||||
| · · · · Foreign · · · | |||||||||
| · · · · Currency · · Total | |||||||||
| · · Net Parent · · Translation · · Stockholders' | |||||||||
| · Investment · Adjustment · Deficit | |||||||||
| Balances at January 1, 2025 (Predecessor) | | $(1,449,634) | | $(7,154) | | $(1,456,788) | |||
| Net profit January 1, 2025 to March 31, 2025 | | | 39,623 | | | — | | | 39,623 |
| Foreign currency translation adjustment | | | — | | | (2,113) | | | (2,113) |
| Equity-based compensation | | | 105 | | | — | | | 105 |
| Net intercompany transactions with parent group entities | | | 1,305 | | | — | | | 1,305 |
| Balances at March 31, 2025 (Predecessor) | | $(1,408,601) | | $(9,267) | | $(1,417,868) | |||
| Net loss April 1, 2025 to June 30, 2025 | | | (65,059) | | | — | | | (65,059) |
| Foreign currency translation adjustment | | | — | | | (725) | | | (725) |
| Equity-based compensation | | | (1,899) | | | — | | | (1,899) |
| Net intercompany transactions with parent group entities | | | (1,602) | | | — | | | (1,602) |
| Balances at June 30, 2025 (Predecessor) | | $(1,477,161) | | $(9,992) | | $(1,487,153) | |||
| Net loss July 1, 2025 to July 31, 2025, excluding plan of reorganization and fresh start accounting adjustments | | | (28,095) | | | — | | | (28,095) |
| Foreign currency translation adjustment | | | — | | | 2,148 | | | 2,148 |
| Equity-based compensation | | | — | | | — | | | — |
| Net intercompany transactions with parent group entities | | | 6,439 | | | — | | | 6,439 |
| Balances prior to application of fresh start accounting and the business combination at July 31, 2025 (Predecessor) | | $(1,498,817) | | $(7,844) | | $(1,506,661) | |||
Condensed Consolidated and Combined Statements of Stockholders’ Deficit
For the periods August 1, 2025 to September 30, 2025 (Successor), July 1, 2025 to July 31, 2025 (Predecessor), January 1, 2025 to July 31, 2025 (Predecessor), and the three and nine months ended September 30, 2024 (Predecessor)
| · · · · · · · · · · · · · · · · · · · · · · · | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Consolidated | |||||||||||||||
| · · · · · · · · · · · · · Accumulated Other · · · · · · | |||||||||||||||
| · · · · · · · · · · · · · Comprehensive Loss · · · · · · | |||||||||||||||
| · · · · · · · · · · · · · · · · Unrealized · · · · · · | |||||||||||||||
| · · · · · · · · · · · · · Foreign · · Pension · · · · · · | |||||||||||||||
| · · · · · · · · · · · · · Currency · · Actuarial · · · · · · | |||||||||||||||
| · · Common Stock · · Additional · · Net Parent · · Translation · Gains (Losses), · · Accumulated · · Total stockholder's | |||||||||||||||
| · Shares · Amount · Paid in Capital · Investment · Adjustment · net of tax · Deficit · Equity | |||||||||||||||
| Balances at August 1, 2025 (Successor) (1) | 117,515,972 | | $12 | | $437,110 | | $— | | $— | | $— | | $— | | $437,122 |
| Net loss August 1, 2025 to September 30, 2025 | — | | — | | — | | — | | — | | — | | (305,838) | | (305,838) |
| Equity-based compensation | — | | — | | 258 | | — | | — | | — | | — | | 258 |
| Foreign currency translation adjustment | — | | — | | — | | — | | (1,039) | | — | | — | | (1,039) |
| Net unrealized pension actuarial gains, net of tax | — | | — | | — | | — | | — | | — | | — | | — |
| Balances at September 30, 2025 (Successor) | 117,515,972 | | $12 | | $437,368 | | $— | | $(1,039) | | $— | | $(305,838) | | $130,503 |
| (1) | Balances after the Business Combination, Plan (as such terms are described in Note 1, General) and the fresh start accounting adjustments as discussed in Note 4, Fresh Start Accounting. Initial equity balances of the Successor reflects the 35,915,548 shares of Common Stock of the Company (the combined entity XBP Global Holdings, Inc.) assigned to the stockholders of XBP Europe Holdings, Inc. prior to the Business Combination and the issuance of 81,600,424 shares of Common Stock of the Company to the holders of Allowed Notes Claims ((as such terms are described in Note 1, General). |
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|---|---|---|---|---|---|---|---|---|---|
| · · Combined and Consolidated | |||||||||
| · · · · · Accumulated OtherComprehensive Loss · · · | |||||||||
| · · · · Foreign · · · | |||||||||
| · · · · Currency · · Total | |||||||||
| · · Net Parent · · Translation · · Stockholders' | |||||||||
| · Investment · Adjustment · Deficit | |||||||||
| Balances at January 1, 2024 (Predecessor) | | $(1,239,674) | | $(4,604) | | $(1,244,278) | |||
| Net loss January 1, 2024 to March 31, 2024 | | | (25,664) | | | — | | | (25,664) |
| Foreign currency translation adjustment | | | — | | | 766 | | | 766 |
| Equity-based compensation | | | 1,182 | | | — | | | 1,182 |
| Net intercompany transactions with parent group entities | | | 7,901 | | | — | | | 7,901 |
| Balances at March 31, 2024 (Predecessor) | | $(1,256,255) | | $(3,838) | | $(1,260,093) | |||
| Net loss April 1, 2024 to June 30, 2024 | | | (28,845) | | | — | | | (28,845) |
| Foreign currency translation adjustment | | | — | | | (887) | | | (887) |
| Equity-based compensation | | | 218 | | | — | | | 218 |
| Net intercompany transactions with parent group entities | | | (1,688) | | | — | | | (1,688) |
| Balances at June 30, 2024 (Predecessor) | | $(1,286,570) | | $(4,725) | | $(1,291,295) | |||
| Net loss July 1, 2024 to September 30, 2024 | | | (28,317) | | | — | | | (28,317) |
| Foreign currency translation adjustment | | | — | | | (1,874) | | | (1,874) |
| Equity-based compensation | | | 92 | | | — | | | 92 |
| Net intercompany transactions with parent group entities | | | (3,588) | | | — | | | (3,588) |
| Balances at September 30, 2024 (Predecessor) | | $(1,318,383) | | $(6,599) | | $(1,324,982) | |||
Condensed Consolidated and Combined Statements of Cash Flows
For the periods August 1, 2025 to September 30, 2025 (Successor), January 1, 2025 to July 31, 2025 (Predecessor), and the nine months ended September 30, 2024 (Predecessor)
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Successor · · · Predecessor | ||||||||||
| · · Consolidated · · · Combined and Consolidated | ||||||||||
| · · Period from August 1, 2025 throughSeptember 30, · · · Period from January1, 2025 throughJuly 31, · · Nine Months Ended September 30, | ||||||||||
| · 2025 · · 2025 · 2024 | ||||||||||
| Cash flows from operating activities | | | | | | | | | | |
| Net profit (loss) | | $(305,838) | | | $1,454,658 | | $(82,826) | |||
| Adjustments to reconcile net profit (loss) to cash provided by (used in) operating activities | | | | | | | | | | |
| Depreciation and amortization | | | 9,142 | | | | 22,313 | | | 38,709 |
| Original issue discount, debt premium and debt issuance cost amortization | | | 1,400 | | | | (14,595) | | | (50,081) |
| Reorganization items | | | — | | | | (1,626,790) | | | — |
| Interest on BR Exar AR Facility | | | — | | | | (2,399) | | | (3,752) |
| Debt modification and extinguishment loss (gain), net | | | — | | | | 121 | | | 256 |
| Impairment of goodwill | | | 295,800 | | | | — | | | 343 |
| Provision for credit losses | | | 920 | | | | 914 | | | 14,825 |
| Deferred income tax provision | | | 958 | | | | 36,396 | | | 7,050 |
| Equity-based compensation expense | | | 258 | | | | 204 | | | 1,491 |
| Unrealized foreign currency (gain) loss | | (858) | | | (659) | | (449) | |||
| Loss (gain) on sale of assets | | | 190 | | | | 1,967 | | | (558) |
| Fair value adjustment for private warrants liability | | | 3 | | | | — | | | — |
| Paid-in-kind interest | | | — | | | | 28,848 | | | 86,688 |
| Change in operating assets and liabilities, net of effect from acquisitions | | | | | | | | |||
| Accounts receivable | | 6,821 | | | (94,905) | | 6,413 | |||
| Prepaid expenses and other current assets | | | 1,536 | | | | (2,203) | | | 3,279 |
| Accounts payable and accrued liabilities | | | (894) | | | | 30,172 | | | (37,063) |
| Related party payables | | | 4,448 | | | | 6,134 | | | 8,996 |
| Additions to outsourced contract costs | | | (20) | | | | (118) | | | (330) |
| Net cash provided by (used in) operating activities | | 13,866 | | | (159,942) | | (7,009) | |||
| Cash flows from investing activities | | | | | ||||||
| Net cash received from acquisition (Refer Note 5) | | | — | | | | 1,485 | | | — |
| Purchase of property, plant and equipment | | | (3,396) | | | | (3,081) | | | (5,154) |
| Additions to internally developed software | | | (473) | | | | (1,067) | | | (2,533) |
| Proceeds from sale of assets | | | 603 | | | | (27) | | | 3,412 |
| Net cash used in investing activities | | (3,266) | | | (2,690) | | (4,275) | |||
| | | | | | | | | | | |
| Cash flows from financing activities | | | | | ||||||
| Cash paid for debt issuance costs | | | (1,035) | | | | (3,719) | | | (359) |
| Principal payments on finance lease obligations | | | (322) | | | | (3,360) | | | (5,484) |
| Borrowings from other loans | | | 1,436 | | | | 3,785 | | | 7,115 |
| Proceeds from Revolving Credit Facility | | | — | | | | 18,000 | | | — |
| Proceeds from Super Senior Secured Term Loan | | | — | | | | 40,000 | | | — |
| Proceeds from ABL Facility | | | 23,000 | | | | 58,903 | | | — |
| Repayments on ABL Facility | | | (9,600) | | | | — | | | — |
| Repayment of Second Lien Note | | | (2,000) | | | | (5,975) | | | (4,000) |
| Proceeds from DIP New Money Loans | | | — | | | | 80,000 | | | — |
| Borrowing under BR Exar AR Facility | | | 10,000 | | | | 23,775 | | | 45,424 |
| Repayments under BR Exar AR Facility | | | (9,266) | | | | (23,397) | | | (37,522) |
| Principal repayments on senior secured term loans and other loans | | (2,235) | | | (42,748) | | (8,602) | |||
| Net cash provided by (used in) financing activities | | 9,978 | | | 145,264 | | (3,428) | |||
| Effect of exchange rates on cash, restricted cash and cash equivalents | | | (234) | | | | (2,806) | | | (1,129) |
| Net increase (decrease) in cash, restricted cash and cash equivalents | | 20,344 | | | (20,174) | | (15,841) | |||
| Cash, restricted cash and cash equivalents | | | | | | | | |||
| Beginning of period | | | 43,895 | | | | 64,069 | | | 53,496 |
| End of period | | $64,239 | | | $43,895 | | $37,655 | |||
| Supplemental cash flow data: | | | | | | | | |||
| Income tax payments, net of refunds received | | $1,190 | | | $2,897 | | $2,233 | |||
| Interest paid | | | 2,187 | | | | 10,077 | | | 63,740 |
| Cash paid for reorganization items | | | — | | | | 68,965 | | | — |
| Noncash investing and financing activities: | | | | | | | | | | |
| Assets acquired through right-of-use arrangements | | | 237 | | | | 11,070 | | | 16,384 |
| Waiver and consent fee payable added to outstanding balance of Senior Secured Term Loan | | | — | | | | — | | | 1,000 |
| Promissory note issued for assets acquisition | | | — | | | | — | | | 2,371 |
| Common stock issued for the Business Combination | | | — | | | | 32,328 | | | — |
| Common stock issued to settle liabilities subject to compromise | | | — | | | | 407,363 | | | — |
| Issuance of July 2030 Notes for settlement of the DIP Facility | | | — | | | | 175,000 | | | — |
| Conversion of DIP Facility into Super Senior Term Loan | | | — | | | | 6,000 | | | — |
| Accrued capital expenditures | | | 60 | | | | 180 | | | 805 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.