Cannae Holdings Amends Paysafe Stake, Signals Ownership Update

TL;DR

**Cannae Holdings just updated its Paysafe ownership, watch for potential strategic shifts!**

AI Summary

Cannae Holdings, Inc. filed an amendment to its Schedule 13D on January 17, 2024, indicating a change in its beneficial ownership of Paysafe Ltd. common shares. This amendment, number 4, updates previous filings regarding Cannae's stake in Paysafe. For investors, this matters because Cannae Holdings is a significant shareholder, and changes in their holdings or intentions can signal their confidence in Paysafe's future or potential strategic moves, impacting the stock's perception and value.

Why It Matters

This filing updates Cannae Holdings' beneficial ownership in Paysafe Ltd., which can influence investor sentiment and potentially signal future strategic actions by a major shareholder.

Risk Assessment

Risk Level: low — This is an informational update from a major shareholder and does not inherently present a direct risk to the company's operations or financial stability.

Analyst Insight

An investor should review the full SC 13D/A filing to understand the specific changes in Cannae Holdings' beneficial ownership of Paysafe Ltd. shares and assess if these changes align with their own investment thesis for Paysafe.

Key Players & Entities

• Cannae Holdings, Inc. (company) — filer of the SC 13D/A, a significant shareholder in Paysafe Ltd.
• Paysafe Ltd. (company) — the subject company whose common shares are being reported on
• Bryan D. Coy (person) — person authorized to receive notices and communications for Cannae Holdings, Inc.
• $0.0001 (dollar_amount) — par value per share of Paysafe Ltd. common shares
• January 17, 2024 (date) — date of the event requiring the filing of this statement

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Shares, par value $0.0001 per share (Title of Class of Securitie
• $0.001 — relates to the common shares, par value $0.001 per share (the "Common Shares"), of Pay
• $329,552.59 — mmon Share (1) 152024 Purchase 26,336 $329,552.59 $12.51 182024 Purchase 800 $10,121.99
• $12.51 — 1) 152024 Purchase 26,336 $329,552.59 $12.51 182024 Purchase 800 $10,121.99 $12.65
• $10,121.99 — $329,552.59 $12.51 182024 Purchase 800 $10,121.99 $12.65 1102024 Purchase 51,623 $664,43
• $12.65 — $12.51 182024 Purchase 800 $10,121.99 $12.65 1102024 Purchase 51,623 $664,434.26 $1
• $664,434.26 — ,121.99 $12.65 1102024 Purchase 51,623 $664,434.26 $12.87 1112024 Purchase 291,007 $3,889
• $12.87 — 65 1102024 Purchase 51,623 $664,434.26 $12.87 1112024 Purchase 291,007 $3,889,750.02
• $3,889,750.02 — 434.26 $12.87 1112024 Purchase 291,007 $3,889,750.02 $13.37 1122024 Purchase 25,955 $350,76
• $13.37 — 1112024 Purchase 291,007 $3,889,750.02 $13.37 1122024 Purchase 25,955 $350,763.42 $1
• $350,763.42 — ,750.02 $13.37 1122024 Purchase 25,955 $350,763.42 $13.51 1162024 Purchase 204,279 $2,735
• $13.51 — 37 1122024 Purchase 25,955 $350,763.42 $13.51 1162024 Purchase 204,279 $2,735,566.32
• $2,735,566.32 — 763.42 $13.51 1162024 Purchase 204,279 $2,735,566.32 $13.39 1172024 Purchase 90,369 $1,262,
• $13.39 — 1162024 Purchase 204,279 $2,735,566.32 $13.39 1172024 Purchase 90,369 $1,262,098.40
• $1,262,098.40 — ,566.32 $13.39 1172024 Purchase 90,369 $1,262,098.40 $13.97 1182024 Purchase 27,711 $388,75

Filing Documents

• cnne-psfeschedule13dajan20.htm (SC 13D/A) — 109KB
• 0001704720-24-000003.txt ( ) — 111KB

Purpose of the Transaction

Item 4. Purpose of the Transaction.

of the Schedule 13D is supplemented as follows

Item 4 of the Schedule 13D is supplemented as follows From January 5, 2024 through January 19, 2024, CHL made the following transactions in Common Shares of the Issuer Date Transaction Type Number of Common Shares Total Cost (1) Price per Common Share (1) 152024 Purchase 26,336 $329,552.59 $12.51 182024 Purchase 800 $10,121.99 $12.65 1102024 Purchase 51,623 $664,434.26 $12.87 1112024 Purchase 291,007 $3,889,750.02 $13.37 1122024 Purchase 25,955 $350,763.42 $13.51 1162024 Purchase 204,279 $2,735,566.32 $13.39 1172024 Purchase 90,369 $1,262,098.40 $13.97 1182024 Purchase 27,711 $388,757.03 $14.03 1192024 Purchase 5,941 $83,346.49 $14.03 (1) Total Cost and Price per Common Share include fees and commissions to broker. Information as of the date of this Amendment No. 4 is set forth on Schedule A to this Schedule 13D with respect to the Schedule A Persons and is incorporated herein by reference.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is supplemented as follows

Item 5 of the Schedule 13D is supplemented as follows Information as of the date of this Schedule 13D with respect to the Schedule A Persons is set forth on Schedule A and is incorporated herein by reference. (a) and (b) The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Amendment No. 4 are incorporated herein by reference. The calculation in this Schedule 13D of the percentage of Common Shares outstanding beneficially owned by a Reporting Person or a Schedule A Person, as the case may be, is based on (i) 61,652,633 Common Shares outstanding as of September 30, 2023, as reported in the Issuer's Report of Foreign Issuer on Form 6-K, filed with the Securities and Exchange Commission on November 14, 2023, plus (ii) in the case of any Schedule A Persons, to the knowledge of the Reporting Persons, the number of Common Shares issuable upon the exercise of Warrants owned by the Reporting Persons, if any. As of the date of filing of this Schedule 13D, the Reporting Persons beneficially owned an aggregate of 2,475,725 Common Shares, which represents approximately 4.0% of the outstanding Common Shares. 4 As of the date of this Amendment No. 4, the parties to the Shareholder Agreement (the Group) may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Exchange Act that beneficially owns, in the aggregate, 28,028,142 Common Shares representing 45.5% of the Issuer's outstanding Common Shares, based on the publicly available information concerning beneficial ownership by the other parties to the Shareholder Agreement. The members of the Group are each filing separate Schedules 13D to report the Common Shares that they may be deemed to beneficially own. The Reporting Persons expressly disclaim beneficial ownership over any shares of Common Stock that they may be deemed to beneficially own solely by reason of the Shareholder Agreement. Except as disclosed herein, this Amendment No. 4 does not reflect any

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