Children's Place completes oversubscribed rights offering; Mithaq becomes controlling shareholder with 62.2%

Childrens Place, Inc.

Rights offering oversubscribed: total demand 12,117,812 shares; 9,230,769 shares issued at $9.75/share.
Gross cash proceeds ~$29.8M; 80% to prepay revolving credit facility, 20% for general corporate purposes.
Mithaq exercised basic + over-subscription rights; paid $5.08M cash and $60.19M by reducing debt owed to Mithaq.
Post-offering, Mithaq beneficially owns ~62.2% of common stock (from Schedule 13D Amendment).
First Mithaq Note reduced to $18.41M outstanding after $60.19M debt delivery.

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