Cannae Holdings Files 13D/A Amendment on Paysafe Ltd.

TL;DR

Cannae Holdings updated its 13D filing for Paysafe Ltd. - ownership changes incoming.

AI Summary

Cannae Holdings, Inc. filed an amendment (No. 6) to its Schedule 13D on November 25, 2024, regarding its beneficial ownership of Paysafe Ltd. The filing indicates a change in the reporting person's holdings, with Bryan D. Coy, associated with Cannae Holdings, Inc., listed as the primary contact. The specific details of the change in beneficial ownership, including the exact number of shares and percentage, are not explicitly stated in this excerpt but are the subject of the amendment.

Why It Matters

This filing signals a potential shift in significant ownership or control of Paysafe Ltd. by Cannae Holdings, Inc., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic moves by major shareholders, potentially leading to volatility.

Key Players & Entities

• Cannae Holdings, Inc. (company) — Filing entity and potential significant shareholder
• Paysafe Ltd. (company) — Subject company of the filing
• Bryan D. Coy (person) — Reporting person and contact for the filing

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
• $2,794,462.75 — ommon Share (1) 11192024 Sale 160,655 $2,794,462.75 $17.39 11202024 Sale 39,037 $681,960.2
• $17.39 — ) 11192024 Sale 160,655 $2,794,462.75 $17.39 11202024 Sale 39,037 $681,960.25 $17.4
• $681,960.25 — 794,462.75 $17.39 11202024 Sale 39,037 $681,960.25 $17.47 11212024 Sale 585,508 $10,218,7
• $17.47 — 17.39 11202024 Sale 39,037 $681,960.25 $17.47 11212024 Sale 585,508 $10,218,757.22 $
• $10,218,757.22 — 81,960.25 $17.47 11212024 Sale 585,508 $10,218,757.22 $17.45 11222024 Sale 132,450 $2,304,87
• $17.45 — 7 11212024 Sale 585,508 $10,218,757.22 $17.45 11222024 Sale 132,450 $2,304,878.71 $1
• $2,304,878.71 — 18,757.22 $17.45 11222024 Sale 132,450 $2,304,878.71 $17.40 (1) Proceeds and Price per Com
• $17.40 — 45 11222024 Sale 132,450 $2,304,878.71 $17.40 (1) Proceeds and Price per Common Sha

Filing Documents

• cnne-psfeschedule13dano6cn.htm (SC 13D/A) — 100KB
• 0001704720-24-000088.txt ( ) — 101KB

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 November 19, 2024 through November 22, 2024, CHL made the following transactions in Common Shares of the Issuer Date Transaction Type Number of Common Shares Proceeds (1) Price per Common Share (1) 11192024 Sale 160,655 $2,794,462.75 $17.39 11202024 Sale 39,037 $681,960.25 $17.47 11212024 Sale 585,508 $10,218,757.22 $17.45 11222024 Sale 132,450 $2,304,878.71 $17.40 (1) Proceeds and Price per Common Share reflected net of fees and commissions to broker. Information as of the date of this Amendment No. 6 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 Amendment No. 6 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. 6 are incorporated herein by reference. The calculation in this Amendment No. 6 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) 60,772,972 Common Shares outstanding as of September 30, 2024, as reported in the Issuer's Report of Foreign Issuer on Form 6-K, filed with the Securities and Exchange Commission on November 13, 2024, 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 Amendment No. 6, the Reporting Persons beneficially owned an aggregate of 2,462,237 Common Shares, which represents approximately 4.1% of the outstanding Common Shares. As of the date of this Amendment No. 6, 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, 28,070,263 Common Shares representing 46.2% 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. 6 does not reflect

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