M&G Investment Management Adjusts Freightos Stake
Ticker: CRGOW · Form: SC 13D/A · Filed: Apr 11, 2024 · CIK: 1927719
Sentiment: neutral
Topics: sec-filing, ownership-change, investment-management
TL;DR
M&G Investment Management filed an amendment to its 13D for Freightos, indicating a change in their ownership stake.
AI Summary
M&G Investment Management Limited has amended its Schedule 13D filing for Freightos Limited, reporting a change in its beneficial ownership as of April 11, 2024. The filing indicates a shift in the investment management firm's stake in the freight and cargo arrangement company.
Why It Matters
This filing signals a potential shift in major shareholder influence or strategy for Freightos, a company in the freight and cargo sector.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by significant investors can impact stock price and company strategy, warranting moderate attention.
Key Players & Entities
- M&G Investment Management Limited (company) — Filing party
- Freightos Limited (company) — Subject company
- Nick Ramphal (person) — Contact person for legal counsel
- Cadwalader, Wickersham (company) — Legal counsel
FAQ
What specific change in beneficial ownership is reported by M&G Investment Management?
The filing is an amendment (Amendment No. 1) to a Schedule 13D, indicating a change in beneficial ownership, but the exact percentage or number of shares is not detailed in the provided header information.
When was this amendment filed with the SEC?
The filing was made on April 11, 2024.
What is the primary business of Freightos Limited?
Freightos Limited is in the business of 'ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO'.
Where is M&G Investment Management Limited located?
M&G Investment Management Limited is located at 10 Fenchurch Avenue, London EC3M 5AG.
What is the CUSIP number for Freightos Limited's common stock?
The CUSIP numbers provided are G51405101 and G51405119.
Filing Stats: 783 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2024-04-11 17:10:47
Key Financial Figures
- $0.00001 — me of Issuer) Common Stock, par value $0.00001 per share (Title of Class of Securiti
Filing Documents
- tm2411558d1_sc13da.htm (SC 13D/A) — 29KB
- 0001104659-24-046362.txt ( ) — 30KB
of the Initial 13D is hereby amended by amending and restating the second paragraph thereof as follows
Item 1 of the Initial 13D is hereby amended by amending and restating the second paragraph thereof as follows: The Reporting Person beneficially owns an aggregate of 9,866,094 shares of Common Stock, including 2,995,000 shares of Common Stock issuable upon the exercise of warrants owned by the Reporting Person. These shares represent approximately 19.4% of the outstanding shares of Common Stock .
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: April 11, 2024 M&G INVESTMENT MANAGEMENT LIMITED By: /s/Tamara Postoj Name: Tamara Postoj Title: Regulatory Reporting Technical Manager