Cannae Holdings Amends Alight Stake Filing
Ticker: CNNE · Form: SC 13D/A · Filed: Dec 5, 2024 · CIK: 1704720
Sentiment: neutral
Topics: schedule-13d, amendment, beneficial-ownership
Related Tickers: ALIT
TL;DR
Cannae Holdings updated its Alight stake filing. Watch for potential shifts in control.
AI Summary
Cannae Holdings, Inc. filed an amendment (No. 5) to its Schedule 13D on December 5, 2024, regarding its holdings in Alight, Inc. The filing indicates a change in the beneficial ownership of Alight, Inc. Class A Common Stock. Cannae Holdings, Inc. is based in Las Vegas, NV, and Alight, Inc. is headquartered in Lincolnshire, IL.
Why It Matters
This filing updates information on significant beneficial ownership, which can signal changes in a company's shareholder base and potentially influence corporate strategy or stock price.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or shifts in influence, impacting stock price and company direction.
Key Players & Entities
- Cannae Holdings, Inc. (company) — Filing entity
- Alight, Inc. (company) — Subject company
- Class A Common Stock (security) — Securities subject to filing
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing is an amendment (No. 5) to Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change are not provided in the header information.
What is the Central Index Key for Alight, Inc.?
The Central Index Key for Alight, Inc. is 0001809104.
What is the business address of Cannae Holdings, Inc.?
The business address of Cannae Holdings, Inc. is C/O CANNAE HOLDINGS, INC., 1701 VILLAGE CENTER CIRCLE, LAS VEGAS, NV 89134.
When was the last name change for Alight, Inc.?
The last name change for Alight, Inc. was on July 7, 2021, when it was formerly known as Alight Group, Inc.
What is the SEC file number for this filing?
The SEC file number for this filing is 005-91522.
Filing Stats: 1,597 words · 6 min read · ~5 pages · Grade level 8.8 · Accepted 2024-12-05 16:51:02
Key Financial Figures
- $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie
- $7.42 — Class A Common Stock of the Issuer for $7.42 per share, or $89,040,000 in the aggreg
- $89,040,000 — k of the Issuer for $7.42 per share, or $89,040,000 in the aggregate. Item 5. Interest in
- $41,259,099 — y on November 13, 2024, for proceeds of $41,259,099, or $8.25 per share of Class A Common S
- $8.25 — , 2024, for proceeds of $41,259,099, or $8.25 per share of Class A Common Stock. (4)
- $8.40 — res by Mr. Coy on November 13, 2024 for $8.40 per share, or $336,000 in the aggregate
- $336,000 — vember 13, 2024 for $8.40 per share, or $336,000 in the aggregate, and the donation of 1
Filing Documents
- cnne-alitschedule13dadecem.htm (SC 13D/A) — 91KB
- 0001704720-24-000090.txt ( ) — 92KB
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 On December 3, 2024, Cannae Holdings, LLC (CHL), through its wholly-owned subsidiaries, sold 12 million shares of Class A Common Stock of the Issuer for $7.42 per share, or $89,040,000 in the aggregate.
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 The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Amendment No. 5, as of the date of this Amendment No. 5, are incorporated herein by reference. Information as of the date of this Amendment No. 5 with respect to the Schedule A Persons is set forth on Schedule A and is incorporated herein by reference. The calculation in this Amendment No. 5 of the percentage of Class A Common Stock outstanding beneficially owned by a Reporting Person or a Schedule A Person is based on 532,506,339 shares of Class A Common Stock outstanding as of November 7, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on November 12, 2024. (a) As of the date of this Amendment No. 5, the Reporting Persons beneficially owned an aggregate of 40,477,062 shares of Class A Common Stock, which represents approximately 7.6% of the outstanding Class A Common Stock which are directly owned by Cannae Funding A, LLC ("CFA"). CFA is a wholly-owned subsidiary of DNB Holdco, LLC (DH). DH is wholly-owned by CHL, which, in turn, is wholly-owned by Cannae Holdings, Inc. (b) As of the date of this Amendment No. 5, the number of shares of Class A Common Stock as to which each of the Reporting Persons has sole or shared power to vote, direct the vote, dispose or direct the disposition are as set forth in rows (7) through (10) of the cover pages of this Amendment No. 5 and is incorporated herein by reference. (c) Neither the Reporting Persons, nor to their knowledge any of the Schedule A Persons, has effected any transactions in the Class A Common Stock during the past 60 days, other than as disclosed in this Amendment No. 5, including Schedule A hereto, which is incorporated herein by reference. (d) Not applicable. (e) Not applicable. 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that th