XBP Europe Holdings, Inc. (XBP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 38.08% of current shares
Recent Dilution: 106837448.18% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
12M
Potential Supply
4.5M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

XBP currently has 11.8M outstanding shares. with moderate dilution risk from 4.48M authorized shares representing 38.1% potential dilution. The company has significantly diluted shareholders by 106837448.18% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 11.8M shares outstanding

12M 4.5M
Mar 31, 2026

10-K filing | 11.8M shares outstanding

12M 4.5M
Dec 12, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 117,515,972 → 11

11 4.5M
Nov 14, 2025

10-Q filing | 117.5M shares outstanding

120M 45M
Aug 14, 2025

10-Q filing | 35.9M shares outstanding

36M 45M
Aug 04, 2025

8-K filing: On July 29, 2025, XBP Global Holdings, Inc. issued 81,799,821 shares of Common Stock and warrants to purchase 6,632,418 shares of Common Stock.

120M 45M
May 15, 2025

10-Q filing | 35.7M shares outstanding

36M 45M
Mar 19, 2025

10-K filing | 30.2M shares outstanding

30M 45M
Feb 18, 2025

S-3/A filing: XBP EUROPE HOLDINGS, INC. is filing an S-3/A to offer and sell up to $250,000,000 in the aggregate of debt securities, common stock, preferred stock, warrants, rights or units consisting of any two or more of such securities.

30M 45M
Feb 14, 2025

S-3 filing: XBP EUROPE HOLDINGS, INC. may offer and sell from time to time, in one or more offerings, up to $250,000,000 in the aggregate of debt securities, common stock, preferred stock, warrants, rights or units consisting of any two or more of such securities.

30M 45M
Nov 12, 2024

10-Q filing | 30.2M shares outstanding

30M 45M
Aug 12, 2024

10-Q filing | 30.2M shares outstanding

30M 45M
May 13, 2024

10-Q filing | 30.2M shares outstanding

30M 45M
Apr 01, 2024

10-K filing | 30.2M shares outstanding

30M 45M
Feb 08, 2024

S-1/A filing: This S-1/A filing includes information on the issuance of up to 6,634,980 shares of common stock upon exercise of warrants and the offer and sale of up to 27,775,355 shares of common stock and 385,000 warrants by selling securityholders.

30M 45M
Feb 02, 2024

S-1/A filing: This S-1/A filing from XBP Europe Holdings, Inc. includes the offer and sale of up to 27,775,355 shares of common stock by selling securityholders, up to 6,634,980 shares of common stock issuable upon exercise of warrants, and up to 385,000 warrants.

30M 45M
Dec 27, 2023

S-1/A filing: This is an S-1/A filing for XBP Europe Holdings, Inc. filed on 2023-12-27. It amends the original registration statement to update exhibits and Item 16(a).

30M 45M
Dec 22, 2023

S-1 filing: This S-1 filing includes the issuance of up to 6,635,000 shares of common stock upon exercise of warrants and the resale of up to 27,775,355 shares of common stock and 385,000 warrants by selling securityholders.

30M 45M
Dec 05, 2023

8-K filing: The company issued and sold 21,802,364 shares of Common Stock to BTC International, 1,250,000 shares of Common Stock and 250,000 Warrants to the Sponsor pursuant to the Forward Purchase Contract, and issued 1,020,480 Loan Shares to the Sponsor in satisfaction of outstanding loans owed to the Sponsor in connection with the consummation of the Merger on November 29, 2023; amended and restated certificate of incorporation; approved and adopted a new Code of Business Conduct and Ethics.

160M 10M
Nov 17, 2023

S-1/A filing: This S-1/A filing relates to the resale of up to 2,739,089 shares of Class A common stock by selling securityholders of CF Acquisition Corp. VIII.

30M 10M
Nov 13, 2023

10-Q filing | 6.2M shares outstanding

6.2M 10M
Oct 10, 2023

S-1/A filing: This prospectus relates to the resale from time to time of up to 2,739,089 shares of Class A common stock of CF Acquisition Corp. VIII by the selling securityholders.

30M 10M
Sep 29, 2023

S-1/A filing: This S-1/A filing relates to the resale from time to time of up to 2,739,089 shares of Class A common stock of CF Acquisition Corp. VIII by the selling securityholders.

30M 10M
Aug 14, 2023

10-Q filing | 7.0M shares outstanding

7M 10M
Aug 14, 2023

S-1 filing: This S-1 filing relates to the resale of up to 2,739,089 shares of Class A common stock by selling securityholders of CF Acquisition Corp. VIII.

30M 10M
May 15, 2023

10-Q filing | 7.0M shares outstanding

7M 7.3M
Mar 29, 2023

10-K filing | 7.0M shares outstanding

7M 7.3M
Mar 07, 2023

8-K filing: CF Acquisition Corp. VIII issued 5,000,000 shares of Class A common stock to CFAC Holdings VIII, LLC upon conversion of 5,000,000 shares of Class B common stock.

8.5M 7.3M
Nov 14, 2022

10-Q filing | 3.5M shares outstanding

3.5M 7.3M
Aug 15, 2022

10-Q filing | 22.1M shares outstanding

22M 7.3M
May 13, 2022

10-Q filing | 24.1M shares outstanding

24M 7.3M
Mar 31, 2022

10-K filing | 25.5M shares outstanding

26M 7.3M
Nov 15, 2021

10-Q filing | 25.5M shares outstanding

26M 7.3M
Aug 12, 2021

10-Q filing | 25.5M shares outstanding

26M 7.3M
May 17, 2021

10-Q filing | 25.5M shares outstanding

26M 7.3M
Mar 10, 2021

S-1/A filing: This is an S-1/A filing for an offering of Class A common stock and warrants in units, with each unit consisting of one share of Class A common stock and one-fourth of one redeemable warrant at a price of $10.00 per unit.

200M 7.3M
Mar 02, 2021

S-1/A filing: This S-1/A filing describes recent sales of unregistered securities, including founder shares purchased by the sponsor, private placement units purchased by the sponsor, and units purchased through a forward purchase contract.

200M 7.3M
Mar 01, 2021

S-1/A filing: This S-1/A filing details recent sales of unregistered securities, including founder shares, private placement units, and a forward purchase contract.

200M 7.3M
Feb 19, 2021

S-1 filing: This is an S-1 filing describing the terms for Class A and Class B common stock offerings, including public units consisting of common stock and warrants, and private placement units.

200M 0
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