---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-000505"
form_type: "8-K/A"
ticker: "PLCE"
cik: "0001041859"
company_name: "Childrens Place, Inc."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:36:30.126870+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mithaq takes 56.1% stake in Children's Place, triggering credit default and director nominations

## Summary
- Mithaq parties now beneficially own 7,001,387 shares (56.1%) of PLCE common stock, purchased for ~$97.8M.
- Change of control triggered Event of Default under the Company's Amended and Restated Credit Agreement.
- Company is negotiating with lenders for a waiver of the Event of Default and plans financing discussions with Mithaq.
- Mithaq nominated 11 director candidates for election at the 2024 Annual Meeting, including Turki AlRajhi and Muhammad Seemab.
- Mithaq also holds immediately exercisable call options for 250,000 additional common shares.

## SEC filing metadata
- accession: 0000950142-24-000505
- form_type: 8-K/A
- ticker: PLCE
- cik: 0001041859
- company_name: Childrens Place, Inc.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041859/000095014224000505/0000950142-24-000505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041859/000095014224000505/eh240450296_8ka1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-000505
- JSON: https://secwatch.observer/filing/0000950142-24-000505.json
- Plain text: https://secwatch.observer/filing/0000950142-24-000505.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.