XBP Europe Holdings Inc. announced that a subsidiary has entered into a Membership Interest Purchase Agreement to acquire Exela Technologies BPA, LLC and its subsidiaries, collectively known as the BPA Group. The acquisition, set for a nominal consideration of $1.00, involves Exela Technologies' American and Asian operating businesses, which are currently undergoing Chapter 11 bankruptcy proceedings. The transaction is contingent on several conditions, including approval from the bankruptcy court and other procedural contributions, all of which must be completed by July 14, 2025. If the BPA Group does not exit bankruptcy by August 7, 2025, the parties have agreed to rescind the transaction unless an extension is agreed upon. XBP has also entered into a Transaction Support Agreement with the debtors, committing to support the restructuring efforts as outlined in the Debtors' Plan of Reorganization.