secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001193125-21-211072
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae Holdings closes $250M PIPE investment and acquires additional shares, holds 10.1% of Alight Class A stock
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- Cannae purchased 25M shares of Alight Class A common stock at $10/share ($250M) in PIPE investment.
- Cannae also acquired 15M Forward Purchase Shares and 5M warrants for $150M, plus 5.2M shares for $52.4M.
- Upon closing, Cannae holds ~10.1% of Alight Class A common stock and ~8.6% of total voting power.
- Cannae received a 2% fee on the PIPE investment from Alight.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000119312521211072/0001193125-21-211072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000119312521211072/d200508d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-211072

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