M&G Investment Management Files SC 13D for Freightos Ltd
Ticker: CRGOW · Form: SC 13D · Filed: Mar 18, 2024 · CIK: 1927719
Sentiment: neutral
Topics: ownership-change, sec-filing, institutional-investor
Related Tickers: FREO
TL;DR
**M&G Investment Management just filed a 13D on Freightos (FREO) - big ownership change incoming.**
AI Summary
On March 18, 2024, M&G Investment Management Limited filed an SC 13D form disclosing its beneficial ownership of Freightos Ltd. The filing indicates a change in ownership or control, requiring disclosure under the Securities Exchange Act of 1934. M&G Investment Management Limited is based in London, UK.
Why It Matters
This filing signals a significant change in the ownership structure of Freightos Ltd, potentially impacting its stock price and strategic direction.
Risk Assessment
Risk Level: medium — SC 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Players & Entities
- M&G Investment Management Limited (company) — Filing entity
- Freightos Ltd (company) — Subject company
- Nick Ramphal (person) — Contact person at law firm
- Cadwalader, Wickersham & Taft LLP (company) — Law firm representing filer
FAQ
What is the specific percentage of Freightos Ltd shares beneficially owned by M&G Investment Management Limited?
The provided text does not specify the exact percentage of shares beneficially owned by M&G Investment Management Limited.
When was the change in beneficial ownership that triggered this SC 13D filing?
The filing is dated March 18, 2024, and the 'DATE AS OF CHANGE' is also March 18, 2024, indicating the change occurred on or around this date.
What is the business address of M&G Investment Management Limited?
The business address of M&G Investment Management Limited is 10 Fenchurch Avenue, London EC3M 5AG.
What is the CUSIP number for Freightos Limited's common stock?
The CUSIP numbers listed for Freightos Limited's common stock are G51405101 and G51405119.
What is the purpose of an SC 13D filing?
An SC 13D filing is required under the Securities Exchange Act of 1934 when a person or group acquires beneficial ownership of more than 5% of a company's voting securities, and it discloses information about the filer's background, purpose, and plans.
Filing Stats: 2,478 words · 10 min read · ~8 pages · Grade level 16.3 · Accepted 2024-03-18 17:15:21
Key Financial Figures
- $0.00001 — me of Issuer) Common Stock, par value $0.00001 per share (Title of Class of Securiti
- $0.0001 — ach ordinary share of Gesher, par value $0.0001 per share (“ Gesher Ordinary Shar
- $45,000,000 — Units for total gross proceeds of up to $45,000,000. On March 23, 2022, M&G (ACS) Japan E
- $10.00 — ss combination), at a purchase price of $10.00 per forward purchase unit, for $40,000,
- $40,000,000 — f $10.00 per forward purchase unit, for $40,000,000 in the aggregate. Additionally, pursuan
- $10,000,000 — eporting Person agreed to provide up to $10,000,000 of committed capital to Gesher in the e
Filing Documents
- tm249112d1_sc13d.htm (SC 13D) — 54KB
- 0001104659-24-035647.txt ( ) — 55KB
above summarizes
Item 4 above summarizes certain provisions of the Business Combination Agreement, the Forward Purchase Agreement and the Freightos Registration Rights Agreement and is incorporated herein by reference. A copy of each of these agreements is attached as an exhibit to this Schedule 13D, and each is incorporated herein by reference. Except as set forth herein, the Reporting Person has no contracts, arrangements, understandings or relationships (legal or otherwise) with respect to any securities of the Issuer. ITEM 7. MATERIAL TO BE FILED AS AN EXHIBIT Exhibit 99.1 Business Combination Agreement, dated as of May 31, 2022, by and among Gesher I Acquisition Corp., Freightos Limited, Freightos Merger Sub I and Freightos Merger Sub II (incorporated by reference to Exhibit 2.1 to the Issuer’s Form F-4 filed December 9, 2022). Exhibit 99.2 Forward Purchase Agreement, dated as of March 23, 2022 (incorporated by reference to Exhibit 10.10 of the Issuer’s Registration Statement filed December 9, 2022, as amended). Exhibit 99.3 Freightos Registration Rights Agreement, dated as of January 25, 2023 (incorporated by reference to Exhibit 4.7 to the Issuer’s Current Report on Form F-1 filed February 22, 2023).
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: March 18, 2024 M&G INVESTMENT MANAGEMENT LIMITED By: /s/ Tamara Postoj Name: Tamara Postoj Title: Regulatory Reporting Technical Manager INDEX TO EXHIBITS Exhibit Description Exhibit 99.1 Business Combination Agreement, dated as of May 31, 2022, by and among Gesher I Acquisition Corp., Freightos Limited, Freightos Merger Sub I and Freightos Merger Sub II (incorporated by reference to Exhibit 2.1 to the Issuer’s Form F-4 filed December 9, 2022). Exhibit 99.2 Forward Purchase Agreement, dated as of March 23, 2022 (incorporated by reference to Exhibit 10.10 of the Issuer’s Registration Statement filed December 9, 2022, as amended). Exhibit 99.3 Freightos Registration Rights Agreement, dated as of January 25, 2023 (incorporated by reference to Exhibit 4.7 to the Issuer’s Current Report on Form F-1 filed February 22, 2023).