Borse Dubai Files Nasdaq Stake Update
Ticker: NDAQ · Form: SC 13D/A · Filed: Mar 22, 2024 · CIK: 1120193
| Field | Detail |
|---|---|
| Company | Nasdaq, Inc. (NDAQ) |
| Form Type | SC 13D/A |
| Filed Date | Mar 22, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: NDAQ
TL;DR
Borse Dubai updated its Nasdaq stake filing, new names added to reporting. Watch for potential shifts.
AI Summary
On March 22, 2024, Borse Dubai LTD, through its affiliate Investment Corp of Dubai, filed an amendment to its Schedule 13D regarding its holdings in Nasdaq, Inc. The filing indicates a change in the reporting person, with Khalifa Al Daboos and Essa Kaz now listed as individuals associated with the filing, alongside the corporate entities.
Why It Matters
This filing updates the ownership structure and reporting individuals for a significant stake in Nasdaq, Inc., which could signal changes in investment strategy or governance.
Risk Assessment
Risk Level: medium — Changes in reporting entities for a significant stake can sometimes precede strategic moves or shifts in influence.
Key Players & Entities
- Borse Dubai LTD (company) — Reporting person
- Nasdaq, Inc. (company) — Issuer of securities
- Investment Corp of Dubai (company) — Affiliate of reporting person
- Khalifa Al Daboos (person) — Individual associated with filing
- Essa Kaz (person) — Individual associated with filing
FAQ
What is the specific percentage of Nasdaq, Inc. shares held by Borse Dubai LTD?
The filing does not explicitly state the exact percentage of shares held, but it is an amendment to a Schedule 13D, indicating a significant beneficial ownership.
When was the previous filing for this Schedule 13D made?
The filing is an Amendment No. 5, implying there were four previous filings, but the dates of these are not provided in this excerpt.
What is the primary business of Nasdaq, Inc.?
Nasdaq, Inc. operates in the Security & Commodity Brokers, Dealers, Exchanges & Services industry.
Who are the new individuals listed in this amendment?
Khalifa Al Daboos and Essa Kaz are listed as individuals associated with the filing.
What is the business address of Borse Dubai LTD?
The business address of Borse Dubai LTD is Level 7, Precinct Bldg 5, Gate District, P.O. Box 506690, Dubai Intl Financial Ctr, Dubai, C0, 00000.
Filing Stats: 2,144 words · 9 min read · ~7 pages · Grade level 13.7 · Accepted 2024-03-22 16:47:00
Key Financial Figures
- $0.01 — , Inc. (Name of issuer) Common Stock, $0.01 par value per share (Title of class of
Filing Documents
- ef20024851_sc13da.htm (SC 13D/A) — 92KB
- ef20024851_ex99-1.htm (EX-99.1) — 6KB
- 0001140361-24-014825.txt ( ) — 100KB
of the Schedule 13D is hereby supplemented by adding the following at the end thereof
Item 4 of the Schedule 13D is hereby supplemented by adding the following at the end thereof: On March 20, 2024, the Underwriters exercised in full their option to purchase 4,043,478 Shares granted in the Underwriting Agreement. On March 22, 2024, the Offering closed. Item 5. Interest in Securities of the Issuer (a) and (b) Paragraphs (a) and (b) of the Schedule 13D are hereby amended and restated in their entirety as follows: Reporting Person Number of Shares With Sole Voting and/or Sole Dispositive Power Number of Shares With Shared Voting and/or With Shared Dispositive Power Aggregate Number of Shares Beneficially Owned Percentage of Class Beneficially Owned Investment Corporation of Dubai 0 58,341,545 with Shared Voting Power 58,341,545 with Shared Dispositive Power 58,341,545 (all of which are directly held by Borse Dubai) 10.1% (all of which are held by Borse Dubai) Borse Dubai 0 58,341,545 with Shared Voting Power 58,341,545 with Shared Dispositive Power 58,341,545 10.1% The percentage of the class of securities identified herein is based on 575,758,581 Shares outstanding as of March 15, 2024, as disclosed by the Issuer in its prospectus supplement filed with the Securities and Exchange Commission on March 21, 2024. ICD's beneficial ownership includes 58,341,545 Shares held by Borse Dubai, a wholly-owned subsidiary of ICD. Borse Dubai's total aggregate beneficial ownership reported herein is subject to certain Transfer Restrictions (as defined below). (c) Paragraph (c) of the Schedule 13D is hereby amended and restated in its entirety to read as follows: To the best of the Reporting Persons' knowledge, there have been no transactions effected with respect to the Shares during the past 60 days by any of the persons named in response to Item 2, other than the transactions described in Item 4 and Item 6, which are incorporated herein by reference. (d) Paragraph (d) of the Schedule 13D is hereby amended and restated in
of the Schedule 13D is hereby supplemented by the following
Item 7 of the Schedule 13D is hereby supplemented by the following: Exhibit No. Description 99.1 Joint Filing Agreement among Investment Corporation of Dubai and Borse Dubai Limited dated as of March 22, 2024 (filed herewith). SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 22, 2024 INVESTMENT CORPORATION OF DUBAI By: /s/ Khalifa Al Daboos Name: Khalifa Al Daboos Title: Deputy CEO BORSE DUBAI LIMITED By: /s/ Essa Kazim Name: Essa Kazim Title: Chairman