Mithaq Capital Amends Children's Place Stake Filing
Ticker: PLCE · Form: SC 13D/A · Filed: Oct 16, 2024 · CIK: 1041859
Sentiment: neutral
Topics: 13d-filing, activist-investor, amendment, retail
Related Tickers: PLCE
TL;DR
Mithaq Capital filed an update on their Children's Place stake. Details TBD.
AI Summary
Mithaq Capital SPC, through its group members including Turki Saleh A. AlRajhi and Muhammad Asif Seemab, has filed an amendment (No. 5) to its Schedule 13D on October 16, 2024, regarding its holdings in The Children's Place, Inc. The filing indicates a change in their reporting, but specific details on the exact share count or dollar value of their stake are not immediately clear from this header information.
Why It Matters
This amendment signals a potential shift in the investment strategy or reporting of a significant shareholder in The Children's Place, which could influence the stock's performance.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in a significant shareholder's intentions or holdings, which can introduce volatility.
Key Players & Entities
- Mithaq Capital SPC (company) — Filing entity
- Turki Saleh A. AlRajhi (person) — Group member of filing entity
- Muhammad Asif Seemab (person) — Group member of filing entity
- The Children's Place, Inc. (company) — Subject company
- SNOWBALL COMPOUNDING LTD. (company) — Group member of filing entity
FAQ
What is the specific nature of the change in the filing (Amendment No. 5)?
The filing is an amendment (No. 5) to the Schedule 13D, indicating a change in the previously reported information regarding the beneficial ownership of The Children's Place, Inc. by Mithaq Capital SPC and its group members. The exact nature of the change requires reviewing the full document.
Who are the key individuals or entities associated with Mithaq Capital SPC in this filing?
The key individuals and entities mentioned as group members are Turki Saleh A. AlRajhi, Muhammad Asif Seemab, and SNOWBALL COMPOUNDING LTD.
What is the subject company and its CUSIP number?
The subject company is The Children's Place, Inc., with CUSIP number 168905107.
When was this amendment filed with the SEC?
This amendment was filed on October 16, 2024.
What is the business address of The Children's Place, Inc. as listed in the filing?
The business address for The Children's Place, Inc. is 500 Plaza Drive, Secaucus, NJ 07094.
Filing Stats: 2,356 words · 9 min read · ~8 pages · Grade level 9 · Accepted 2024-10-16 16:01:12
Key Financial Figures
- $0.10 — e of Issuer) Common Shares, par value $0.10 per share (Title of Class of Securiti
Filing Documents
- tm2426254d1_sc13da.htm (SC 13D/A) — 88KB
- 0001104659-24-109134.txt ( ) — 90KB
of the Initial 13D is hereby amended and supplemented
Item 4 of the Initial 13D is hereby amended and supplemented by the addition of the following paragraphs to the end thereof: “On October 15, 2024, the Issuer, which is an affiliate of the Reporting Persons, filed a preliminary registration statement on Form S-1 in respect of the previously-disclosed rights offering contemplated by the Letter Agreement to be made by the Issuer in respect of the Common Stock (the “Preliminary Registration SPC confirmed and agreed with the Issuer in writing, (i) “for all purposes pursuant to the Letter Agreement, that the rights offering as described in the [Preliminary Registration Statement] shall be deemed to be on substantially the same terms as are set forth on Exhibit D to the Letter Agreement, and therefore, satisfies the terms required by Section 2 of the Letter Agreement, notwithstanding any different or additional terms that may be set forth in the rights offering as described in the [Preliminary Registration Statement]” and (ii) “that the record date and the subscription price to be used in the rights offering may be established by the disinterested members of the board of directors of the Company, without any further consent or agreement from Mithaq being required”. If and to the extent that the Registration Statement is ultimately made effective and the subscription rights contemplated thereby are distributed, the Reporting Persons currently intend, but undertake no obligation, to exercise all of the subscription rights distributed to any of them by the Company in the Rights Offering, as well as the over-subscription privilege. The Reporting Persons also reserve the right to pay some or all of the subscription price payable upon the exercise of any such subscription rights with indebtedness owed by the Company to Reporting Persons (including any in
of the Initial 13D is
Item 6 of the Initial 13D is hereby amended and supplemented by the addition of the following paragraph to the end thereof: “The disclosure set forth in the first paragraph of Item 4 in this Amendment No. 5 is incorporated herein by reference.”
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: October 16, 2024 SNOWBALL COMPOUNDING LTD. By: Mithaq Capital SPC, its sole stockholder By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: October 16, 2024 MITHAQ CAPITAL SPC By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: October 16, 2024 MITHAQ CAPITAL By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: October 16, 2024 MITHAQ GLOBAL By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: October 16, 2024 TURKI SALEH A. ALRAJHI By: /s/ Turki Saleh A. AlRajhi Turki Saleh A. AlRajhi Date: October 16, 2024 MUHAMMAD ASIF SEEMAB By: /s/ Muhammad Asif Seemab Muhammad Asif Seemab