Cannae Holdings Amends Alight Stake Filing
Ticker: ALIT · Form: SC 13D/A · Filed: May 10, 2024 · CIK: 1809104
Sentiment: neutral
Topics: shareholder-activity, sec-filing, amendment
Related Tickers: ALIT
TL;DR
Cannae Holdings updated their Alight stake filing - watch for changes.
AI Summary
Cannae Holdings, Inc. has filed an amendment (SC 13D/A) on May 10, 2024, related to their holdings in Alight, Inc. The filing indicates a change in their beneficial ownership, though specific new dollar amounts or percentage changes are not detailed in this excerpt. This is the fourth amendment to their Schedule 13D filing.
Why It Matters
This filing signals a potential shift in a significant shareholder's position in Alight, Inc., which could influence market perception and stock price.
Risk Assessment
Risk Level: medium — Changes in major shareholder filings can indicate strategic shifts, potentially impacting the company's stock.
Key Numbers
- 4 — Amendment Number (Indicates this is the fourth update to the filing.)
Key Players & Entities
- Cannae Holdings, Inc. (company) — Filing entity
- Alight, Inc. (company) — Subject company
- 20240510 (date) — Filing date
- Amendment No. 4 (document_part) — Type of filing amendment
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing for Alight, Inc. by Cannae Holdings, Inc.?
The provided excerpt does not detail the specific changes in beneficial ownership, only that an amendment (Amendment No. 4) was filed on May 10, 2024.
What is the filing date of this SC 13D/A amendment?
The filing date is May 10, 2024.
Who is the subject company of this filing?
The subject company is Alight, Inc.
Who is the entity filing the SC 13D/A amendment?
The entity filing is Cannae Holdings, Inc.
What is the previous name of Alight, Inc. mentioned in the filing history?
The filing mentions Alight, Inc. was formerly known as Alight Group, Inc. (name change on 20210707) and Foley Trasimene Acquisition Corp. (name change on 20200410).
Filing Stats: 1,727 words · 7 min read · ~6 pages · Grade level 9 · Accepted 2024-05-10 16:10:12
Key Financial Figures
- $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- cnne-alitschedule13damay20.htm (SC 13D/A) — 90KB
- 0001704720-24-000054.txt ( ) — 92KB
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 The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Amendment No. 4, as of the date of this Amendment No. 4, are incorporated herein by reference. Information as of the date of this Amendment No. 4 with respect to the Schedule A Persons is set forth on Schedule A and is incorporated herein by reference. The calculation in this Amendment No. 4 of the percentage of Class A Common Stock outstanding beneficially owned by a Reporting Person or a Schedule A Person is based on 550,348,057 shares of Class A Common Stock outstanding as of May 3, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission ("SEC") on May 8, 2024. (a) As of the date of this Amendment No. 4, the Reporting Persons beneficially owned an aggregate of 52,477,062 shares of Class A Common Stock, which represents approximately 9.5% of the outstanding Class A Common Stock and is comprised of 12,477,062 shares directly owned by CHL and 40,000,000 shares directly owned by Cannae Funding A, LLC ("CHA"). CHL and CHA are wholly-owned subsidiaries of CHI. (b) As of the date of this Amendment No. 4, the number of shares of Class A Common Stock as to which each of the Reporting Persons has sole or shared power to vote, direct the vote, dispose or direct the disposition are as set forth in rows (7) through (10) of the cover pages of this Amendment No. 4 and is incorporated herein by reference. (c) Neither the Reporting Persons, nor to their knowledge any of the Schedule A Persons, has effected any transactions in the Class A Common Stock during the past 60 days, other than as disclosed in Schedule A hereto, which is incorporated herein by reference. (d) Not applicable. (e) Not applicable. 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, comp