# EDGAR Filing Document

**Accession Number:** 0001724246
**File Stem:** 0001193805-25-001162
**Filing Date:** 2025-8
**Character Count:** 25029
**Document Hash:** 1c3ac4df8eb27d89f22c0edca496ebbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193805-25-001162.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001193805-25-001162

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** XBP Global Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001839530
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 852002883
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92376
- **FILM NUMBER:** 251187213

**BUSINESS ADDRESS:**
- **STREET 1:** 6641 N. BELT LINE ROAD, SUITE 100
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75063
- **BUSINESS PHONE:** (844) 935-2832

**MAIL ADDRESS:**
- **STREET 1:** 6641 N. BELT LINE ROAD, SUITE 100
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75063

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XBP Europe Holdings, Inc.
- **DATE OF NAME CHANGE:** 20231129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CF Acquisition Corp. VIII
- **DATE OF NAME CHANGE:** 20210107
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HoldCo Asset Management, LP
- **CENTRAL INDEX KEY:** 0001724246

**ORGANIZATION NAME:**
- **EIN:** 371746035
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 515 E. LAS OLAS BLVD.
- **STREET 2:** SUITE 1010
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301
- **BUSINESS PHONE:** (954) 433-6853

**MAIL ADDRESS:**
- **STREET 1:** 515 E. LAS OLAS BLVD.
- **STREET 2:** SUITE 1010
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HoldCo Asset Management, L.P.
- **DATE OF NAME CHANGE:** 20171204

## Exhibit 99.1

Exhibit 99.1

**<u>Joint Filing Agreement</u>**

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Common Stock, par value $0.0001 per share, of XBP Global Holdings, Inc., a Delaware corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

---

| | |
|:---|:---|
| HOF III Liquidating Partnership LP | HOF III Liquidating Partnership LP |
| By: | /s/ Michael Zaitzeff |
|  | Michael Zaitzeff, Authorized Signatory |
| Date: | 08/05/2025 |

---

---

| | |
|:---|:---|
| VM GP II LLC | VM GP II LLC |
| By: | /s/ Michael Zaitzeff |
|  | Michael Zaitzeff, Authorized Signatory |
| Date: | 08/05/2025 |

---

---

| | |
|:---|:---|
| HoldCo Asset Management, LP | HoldCo Asset Management, LP |
| By: | /s/ Michael Zaitzeff |
|  | Michael Zaitzeff, Authorized Signatory |
| Date: | 08/05/2025 |

---

---

| | |
|:---|:---|
| VM GP VII LLC | VM GP VII LLC |
| By: | /s/ Michael Zaitzeff |
|  | Michael Zaitzeff, Authorized Signatory |
| Date: | 08/05/2025 |

---

---

| | |
|:---|:---|
| Zaitzeff Michael | Zaitzeff Michael |
| By: | /s/ Michael Zaitzeff |
|  | Michael Zaitzeff |
| Date: | 08/05/2025 |

---

---

| | |
|:---|:---|
| Vikaran Gheitw | Vikaran Gheitw |
| By: | /s/ Vikaran Ghei |
|  | Vikaran Ghei |
| Date: | 08/05/2025 |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**XBP Global Holdings, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**98400V101**

*(CUSIP Number)*

**HOLDCO ASSET MANAGEMENT, LP**<br>515 E. Las Olas Blvd., Suite 1010<br>Fort Lauderdale FL 33301<br>954-433-6862

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**07/29/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **98400V101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**HOF III Liquidating Partnership LP** | Name of reporting person<br>**HOF III Liquidating Partnership LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7871416.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7871416.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.7%** | Percent of class represented by amount in Row (11)<br>**6.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **98400V101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**VM GP VII LLC** | Name of reporting person<br>**VM GP VII LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7871416.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7871416.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.7%** | Percent of class represented by amount in Row (11)<br>**6.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **98400V101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**HoldCo Asset Management, LP** | Name of reporting person<br>**HoldCo Asset Management, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7871416.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7871416.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.7%** | Percent of class represented by amount in Row (11)<br>**6.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **98400V101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**VM GP II LLC** | Name of reporting person<br>**VM GP II LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7871416.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7871416.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.7%** | Percent of class represented by amount in Row (11)<br>**6.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **98400V101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Zaitzeff Michael** | Name of reporting person<br>**Zaitzeff Michael** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7871416.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7871416.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.7%** | Percent of class represented by amount in Row (11)<br>**6.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **98400V101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Vikaran Ghei** | Name of reporting person<br>**Vikaran Ghei** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7871416.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7871416.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | Aggregate amount beneficially owned by each reporting person<br>**7871416.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.7%** | Percent of class represented by amount in Row (11)<br>**6.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
XBP Global Holdings, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
6641 N. BELT LINE ROAD, SUITE 100, IRVING, TX, 75063

**Item 4. Purpose of Transaction**

On March 3, 2025, Exela Technologies BPA, LLC ("Exela BPA") and certain of its subsidiaries and affiliates (together with Exela BPA, the "Debtors") commenced voluntary cases under Chapter 11 of Title 11 of the United States Code ss.ss. 101-1532 (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court").  The Bankruptcy Court entered an order on June 23, 2025, confirming the Debtors' Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code (as amended, the "Plan"). On July 3, 2025, the Issuer entered into a Transaction Support Agreement with Exela BPA, pursuant to which the Issuer agreed, among other things, to support the Plan and take the necessary actions to facilitate the restructuring transactions contemplated therein. The Plan became effective on July 29, 2025 (the "Effective Date").  On the Effective Date, the Debtors entered into a Facility Agreement (as defined below), among other agreements.

In connection with the transactions contemplated by the Plan, on the Effective Date, HOF III (i) received an aggregate of 7,871,416 Shares as a result of the exchange of certain of the 11.5% First-Priority Senior Secured Notes due April 2026 (the "April 2026 Notes") issued by Exela Intermediate, LLC and Exela Finance, Inc. ("Exela Finance") and (ii) in exchange for HOF III's claims under the senior secured super-priority priming debtor-in-possession credit facility ("DIP Facility"), HOF III received an aggregate of approximately $15,383,073 million principal amount of 12.000% First-Priority Senior Secured Notes due 2030 (the "Rollover Exit Notes") issued pursuant to an indenture entered into by and among Exela BPA, Exela Finance, the guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee, and Ankura Trust Company, LLC, as collateral agent.

In addition, on the Effective Date, HOF III entered into a financing agreement (the "Facility Agreement"), which funded $40 million of the New Money Loans to refinance the Debtors' prepetition senior secured term loan facility (plus accrued interest, fees, and expenses). Pursuant to the Facility Agreement, as a member of the "Sub-Group DIP Lenders" (as such term is defined in the Facility Agreement), HOF III was deemed to have funded its pro rata portion of $6 million of New Money Loans, in the amount of $3,333,648. The foregoing description of the Facility Agreement does not purport to be complete and is qualified in its entirety by the full text of the Facility Agreement, a copy of which is included as Exhibit 99.2 to this Schedule 13D by reference to Exhibit 10.3 of the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on August 4, 2025, which is incorporated by reference herein.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board of Directors of the Issuer, engaging in discussions with stockholders of the Issuer or other third parties about the Issuer and the Reporting Persons' investment, including potential business combinations or dispositions involving the Issuer or certain of its businesses, making recommendations or proposals to the Issuer concerning changes to the capitalization, ownership structure, board structure (including board composition), potential business combinations or dispositions involving the Issuer or certain of its businesses, or suggestions for improving the Issuer's financial and/or operational performance, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative instruments, or changing their intention with respect to any and all matters referred to in Item 4.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The percentages used in this Schedule 13D are based on 117,516,255 Shares outstanding as of July 29, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 4, 2025.

See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Shares and percentage of the Shares beneficially owned by each of the Reporting Persons. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

**(b)**
See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and the sole or shared power to dispose or to direct the disposition.

**(c)**
Other than the transactions described in Item 4 above, including the Shares acquired by HOF III pursuant to the Plan, no Reporting Person has effected any transactions in the Shares during the past sixty days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

On August 5, 2025, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Reference is made to Item 4 of this Schedule 13D regarding the Plan and the transactions contemplated thereby, including the Facility Agreement, which is incorporated herein by reference.  As set forth therein, HOF III holds approximately $15,383,073 aggregate principal amount of the Rollover Exit Notes as of the date hereof.

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** HOF III Liquidating Partnership LP

**Signature:** /s/ Michael Zaitzeff

**Name/Title:** Michael Zaitzeff, Authorized Signatory

**Date:** 08/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** VM GP VII LLC

**Signature:** /s/ Michael Zaitzeff

**Name/Title:** Michael Zaitzeff, Authorized Signatory

**Date:** 08/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** HoldCo Asset Management, LP

**Signature:** /s/ Michael Zaitzeff

**Name/Title:** Michael Zaitzeff, Authorized Signatory

**Date:** 08/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** VM GP II LLC

**Signature:** /s/ Michael Zaitzeff

**Name/Title:** Michael Zaitzeff, Authorized Signatory

**Date:** 08/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Zaitzeff Michael

**Signature:** /s/ Michael Zaitzeff

**Name/Title:** Michael Zaitzeff

**Date:** 08/05/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Vikaran Ghei

**Signature:** /s/ Vikaran Ghei

**Name/Title:** Vikaran Ghei

**Date:** 08/05/2025