Cannae Holdings Amends Paysafe 13D Filing, Signals Ownership Update

TL;DR

**Cannae Holdings just updated its Paysafe stake, watch for potential market reaction.**

AI Summary

Cannae Holdings, Inc. filed an Amendment No. 5 to its Schedule 13D on January 30, 2024, indicating a change in its beneficial ownership of Paysafe Ltd. common shares. This amendment updates previous filings, with the triggering event occurring on January 26, 2024. For Paysafe shareholders, this matters because Cannae Holdings is a significant investor, and changes in their holdings or intentions can signal shifts in their confidence or strategic direction regarding Paysafe, potentially influencing market perception and stock price.

Why It Matters

This filing updates the public on Cannae Holdings' stake in Paysafe, which can influence investor sentiment and potentially impact Paysafe's stock price due to a major holder's actions.

Risk Assessment

Risk Level: medium — Changes in significant shareholder positions can introduce volatility and uncertainty for other investors.

Analyst Insight

An investor should monitor subsequent filings from Cannae Holdings for details on changes in their ownership percentage or stated intentions, as this filing only indicates an update without providing specific transaction details.

Key Players & Entities

• Cannae Holdings, Inc. (company) — the entity filing the SC 13D/A amendment
• Paysafe Ltd. (company) — the subject company whose securities are being reported
• Bryan D. Coy (person) — the person authorized to receive notices for Cannae Holdings, Inc.
• January 26, 2024 (date) — the date of the event requiring the filing
• $0.0001 (dollar_amount) — par value per share of Paysafe Ltd. common shares

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Shares, par value $0.0001 per share (Title of Class of Securitie
• $0.001 — relates to the common shares, par value $0.001 per share (the "Common Shares"), of Pay
• $8,399,774.81 — on Share (1) 1242024 Purchase 571,514 $8,399,774.81 $14.70 1252024 Purchase 20,844 $313,27
• $14.70 — 1242024 Purchase 571,514 $8,399,774.81 $14.70 1252024 Purchase 20,844 $313,277.76 $1
• $313,277.76 — ,774.81 $14.70 1252024 Purchase 20,844 $313,277.76 $15.03 1262024 Purchase 311,804 $4,974
• $15.03 — 70 1252024 Purchase 20,844 $313,277.76 $15.03 1262024 Purchase 311,804 $4,974,993.67
• $4,974,993.67 — 277.76 $15.03 1262024 Purchase 311,804 $4,974,993.67 $15.96 (1) Total Cost and Price per C
• $15.96 — 1262024 Purchase 311,804 $4,974,993.67 $15.96 (1) Total Cost and Price per Common S
• $11.63 — cts the sale of 2,084 Common Shares for $11.63 per Common Share and of 8,333 Warrants
• $0.03 — Common Share and of 8,333 Warrants for $0.03 per Warrant on December 20, 2023 (6) R

Filing Documents

• cnne-psfeschedule13dajan20.htm (SC 13D/A) — 102KB
• 0001704720-24-000005.txt ( ) — 103KB

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 From January 24, 2024 through January 26, 2024, CHL made the following transactions in Common Shares of the Issuer Date Transaction Type Number of Common Shares Total Cost (1) Price per Common Share (1) 1242024 Purchase 571,514 $8,399,774.81 $14.70 1252024 Purchase 20,844 $313,277.76 $15.03 1262024 Purchase 311,804 $4,974,993.67 $15.96 (1) Total Cost and Price per Common Share include fees and commissions to broker. Information as of the date of this Amendment No. 5 is set forth on Schedule A to this Schedule 13D with respect to the Schedule A Persons and is incorporated herein by reference.

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 Information as of the date of this Schedule 13D with respect to the Schedule A Persons is set forth on Schedule A and is incorporated herein by reference. (a) and (b) The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Amendment No. 5 are incorporated herein by reference. The calculation in this Schedule 13D of the percentage of Common Shares outstanding beneficially owned by a Reporting Person or a Schedule A Person, as the case may be, is based on (i) 61,652,633 Common Shares outstanding as of September 30, 2023, as reported in the Issuer's Report of Foreign Issuer on Form 6-K, filed with the Securities and Exchange Commission on November 14, 2023, plus (ii) in the case of any Schedule A Persons, to the knowledge of the Reporting Persons, the number of Common Shares issuable upon the exercise of Warrants owned by the Reporting Persons, if any. As of the date of filing of this Schedule 13D, the Reporting Persons beneficially owned an aggregate of 3,379,887 Common Shares, which represents approximately 5.5% of the outstanding Common Shares. As of the date of this Amendment No. 5, the parties to the Shareholder Agreement (the Group) may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Exchange Act that beneficially owns, in the aggregate, 28,932,304 Common Shares representing 46.9% of the Issuer's outstanding Common Shares, based on the publicly available information concerning beneficial ownership by the other parties to the Shareholder Agreement. The members of the Group are each filing separate Schedules 13D to report the Common Shares that they may be deemed to beneficially own. The Reporting Persons expressly disclaim beneficial ownership over any shares of Common Stock that they may be deemed to beneficially own solely by reason of the Shareholder Agreement. Except as disclosed herein, this Amendment No. 5 does not reflect any Comm

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View this SC 13D/A filing on SEC EDGAR