DigitalBridge Group Files SC 13D Amendment for Blade Air Mobility

TL;DR

DigitalBridge just updated its Blade Air Mobility stake. Watch this space.

AI Summary

DigitalBridge Group, Inc. has filed an amendment (Amendment No. 1) to its Schedule 13D regarding Blade Air Mobility, Inc. The filing, dated July 12, 2024, indicates a change in beneficial ownership. DigitalBridge Group, Inc. was formerly known as Colony Capital, Inc. and Colony NorthStar, Inc.

Why It Matters

This filing signals a potential shift in control or significant stakeholding in Blade Air Mobility by DigitalBridge Group, Inc., which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant changes in ownership or control, which can introduce uncertainty and volatility for the subject company's stock.

Key Players & Entities

• DigitalBridge Group, Inc. (company) — Filer of the Schedule 13D amendment
• Blade Air Mobility, Inc. (company) — Subject company of the Schedule 13D filing
• Colony Capital, Inc. (company) — Former name of DigitalBridge Group, Inc.
• Colony NorthStar, Inc. (company) — Former name of DigitalBridge Group, Inc.

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie
• $3.50 — Shares Price* July 5, 2024 Sell 5,979 $3.50 July 8, 2024 Sell 2,936 $3.51 July 9,
• $3.51 — ll 5,979 $3.50 July 8, 2024 Sell 2,936 $3.51 July 9, 2024 Sell 169,813 $3.44 July
• $3.44 — 2,936 $3.51 July 9, 2024 Sell 169,813 $3.44 July 10, 2024 Sell 821,272 $3.35 July
• $3.35 — 9,813 $3.44 July 10, 2024 Sell 821,272 $3.35 July 11, 2024 Sell 95,249 $3.491 July
• $3.491 — 21,272 $3.35 July 11, 2024 Sell 95,249 $3.491 July 12, 2024 Sell 512,851 $3.47 * T
• $3.47 — ,249 $3.491 July 12, 2024 Sell 512,851 $3.47 * The sale price reported is a weight

Filing Documents

• bladeairmobilityinc13da.htm (SC 13D) — 166KB
• 0001679688-24-000077.txt ( ) — 168KB

Security and Issuer

Item 1. Security and Issuer.

is hereby amended and restated in its entirety as follows

Item 1 is hereby amended and restated in its entirety as follows The title of the class of equity security to which the Schedule 13D relates is the Class A Common Stock, par value $0.0001 per share (the "Shares") of Blade Air Mobility, Inc., a Delaware corporation (the "Issuer"). The address of the Issuer's principal executive offices is 55 Hudson Yards, 14 th Floor, New York, NY 10001.

Identity and Background

Item 2. Identity and Background.

is hereby amended and restated in its entirety as follows

Item 2 is hereby amended and restated in its entirety as follows This statement on Schedule 13D is filed on behalf of the Reporting Persons. DigitalBridge is a leading global investment management firm, and the sole managing member of its operating company, DBOC. DBOC is the sole managing member of CFI Holdco, which is the sole managing member of ColPE Holdco, which is the sole managing member of ColPE Investor. The principal business address of the Reporting Persons is 750 Park of Commerce Drive, Suite 210, Boca Raton, Florida 33487. The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 1 to the Schedule 13D, pursuant to which the Reporting Persons have agreed to file this Schedule 13D jointly in accordance with the provisions of Rule 13d-1(k) under the Act. During the last five years, none of the Reporting Persons and, to their knowledge, none of the directors and executive officers listed on Annex A hereto, (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. The information set forth in Annex A hereto is incorporated by reference in this Item 2.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

(a)-(c) and (e) of the Schedule 13D is hereby amended and restated as follows

Item 5 (a)-(c) and (e) of the Schedule 13D is hereby amended and restated as follows (a) – (b) Each of the Reporting Persons may be deemed to beneficially own 3,345,735 shares of the Issuer's Class A Common Stock held by ColPE Investor, which represents 4.3% of the Class A Common Stock outstanding. The calculations of beneficial ownership and voting power described herein are based on 77,346,018 shares of Class A Common Stock of the Issuer outstanding as of May 1, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed on May 7, 2024. (c) The transactions in the shares of Class A Common Stock effected in the past 60 days by the Reporting Persons, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference (e) On July 11, 2024, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Issuer's Class A Common Stock.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date July 12, 2024 COLPE BLADE INVESTOR, LLC By s Jacky Wu Name Jacky Wu Title Vice President COLPE BLADE HOLDCO, LLC By s Jacky Wu Name Jacky Wu Title Vice President CFI RE HOLDCO, LLC By s Geoffrey Goldschein Name Geoffrey Goldschein Title Vice President DIGITALBRIDGE OPERATING COMPANY, LLC By s Geoffrey Goldschein Name Geoffrey Goldschein Title Vice President DIGITALBRIDGE GROUP, INC. By s Geoffrey Goldschein Name Geoffrey Goldschein Title Chief Legal Officer and Secretary SCHEDULE A Trade Date BuySell Shares Price* July 5, 2024 Sell 5,979 $3.50 July 8, 2024 Sell 2,936 $3.51 July 9, 2024 Sell 169,813 $3.44 July 10, 2024 Sell 821,272 $3.35 July 11, 2024 Sell 95,249 $3.491 July 12, 2024 Sell 512,851 $3.47 * The sale price reported is a weighted average price and do not reflect brokerage commission paid. The Reporting Persons undertake to provide upon request by the staff of the SEC full information regarding the number of shares sold at each separate price for the transactions reported on this Schedule A ANNEX A DIRECTORS AND EXECUTIVE OFFICERS DIGITALBRIDGE GROUP, INC. The following sets forth the name, position, principal occupation and citizenship of each director and executive officer of DigitalBridge Group, Inc. The business address of each director and executive officer is co DigitalBridge Group, Inc., 750 Park of Commerce Drive, Suite 210, Boca Raton, Florida 33487. Directors and Executive Officers TitlePrincipal Occupation Citizenship James Keith Brown Director, DigitalBridge Group, Inc. United States Nancy A. Curtin Director, DigitalBridge Group, Inc. Global Chief Investment Officer, AlTi Global, Inc. United Kingdom Jeannie H. Diefenderfer Director, DigitalBridge Group, Inc. Founder and Chief Executive Officer, co

View Full Filing

View this SC 13D filing on SEC EDGAR