Cannae Holdings Amends Alight Stake Filing
Ticker: ALIT · Form: SC 13D/A · Filed: Dec 5, 2024 · CIK: 1809104
Sentiment: neutral
Topics: schedule-13d, beneficial-ownership, amendment
Related Tickers: ALIT
TL;DR
Cannae Holdings updated its Alight stake filing - watch for changes in ownership.
AI Summary
Cannae Holdings, Inc. filed an amendment (No. 5) to its Schedule 13D on December 5, 2024, regarding its holdings in Alight, Inc. The filing indicates a change in the beneficial ownership of Alight's Class A Common Stock. Specific details on the percentage change or new ownership stake are not provided in this excerpt.
Why It Matters
This filing signals a potential shift in major shareholder influence or strategy concerning Alight, Inc., which could impact its stock performance and corporate direction.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings by significant holders like Cannae Holdings can indicate strategic shifts or potential market activity, warranting investor attention.
Key Players & Entities
- Cannae Holdings, Inc. (company) — Filing entity
- Alight, Inc. (company) — Subject company
- Class A Common Stock (security) — Securities subject to filing
FAQ
What is the specific change in Cannae Holdings' beneficial ownership of Alight, Inc. Class A Common Stock?
The provided excerpt does not specify the exact percentage or number of shares that constitute the change in beneficial ownership for Cannae Holdings, Inc. in Alight, Inc. Class A Common Stock.
What is the filing date of this amendment?
This amendment (No. 5) to the Schedule 13D was filed on December 5, 2024.
What is the Central Index Key (CIK) for Alight, Inc.?
The CIK for Alight, Inc. is 0001809104.
What is the Central Index Key (CIK) for Cannae Holdings, Inc.?
The CIK for Cannae Holdings, Inc. is 0001704720.
What is the primary business of Alight, Inc. according to the filing?
Alight, Inc. is classified under SERVICES-BUSINESS SERVICES, NEC [7389].
Filing Stats: 1,597 words · 6 min read · ~5 pages · Grade level 8.8 · Accepted 2024-12-05 16:51:02
Key Financial Figures
- $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie
- $7.42 — Class A Common Stock of the Issuer for $7.42 per share, or $89,040,000 in the aggreg
- $89,040,000 — k of the Issuer for $7.42 per share, or $89,040,000 in the aggregate. Item 5. Interest in
- $41,259,099 — y on November 13, 2024, for proceeds of $41,259,099, or $8.25 per share of Class A Common S
- $8.25 — , 2024, for proceeds of $41,259,099, or $8.25 per share of Class A Common Stock. (4)
- $8.40 — res by Mr. Coy on November 13, 2024 for $8.40 per share, or $336,000 in the aggregate
- $336,000 — vember 13, 2024 for $8.40 per share, or $336,000 in the aggregate, and the donation of 1
Filing Documents
- cnne-alitschedule13dadecem.htm (SC 13D/A) — 91KB
- 0001704720-24-000090.txt ( ) — 92KB
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 On December 3, 2024, Cannae Holdings, LLC (CHL), through its wholly-owned subsidiaries, sold 12 million shares of Class A Common Stock of the Issuer for $7.42 per share, or $89,040,000 in the aggregate.
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. 5, as of the date of this Amendment No. 5, are incorporated herein by reference. Information as of the date of this Amendment No. 5 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. 5 of the percentage of Class A Common Stock outstanding beneficially owned by a Reporting Person or a Schedule A Person is based on 532,506,339 shares of Class A Common Stock outstanding as of November 7, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on November 12, 2024. (a) As of the date of this Amendment No. 5, the Reporting Persons beneficially owned an aggregate of 40,477,062 shares of Class A Common Stock, which represents approximately 7.6% of the outstanding Class A Common Stock which are directly owned by Cannae Funding A, LLC ("CFA"). CFA is a wholly-owned subsidiary of DNB Holdco, LLC (DH). DH is wholly-owned by CHL, which, in turn, is wholly-owned by Cannae Holdings, Inc. (b) As of the date of this Amendment No. 5, 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. 5 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 this Amendment No. 5, including 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 th