secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001704720-21-000082
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae reports Q3 net loss of $121M; records $392M impairment on Paysafe investment
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- Net loss attributable to common of $121.0M (EPS -$1.36) vs prior-year income of $131.9M (EPS $1.44); operating revenue $186.0M.
- Recorded $391.8M other-than-temporary impairment on Paysafe (PSFE) investment; book value $418.8M vs cost $810.6M.
- Book value per share fell to $39.36 from $41.22 at year-end 2020; total shareholder equity $3.5B.
- Deployed $240M in Sightline Payments for ~33% stake; sold 1M Ceridian shares for $100M gross proceeds in Q3.
- Year-to-date share repurchases of 2.73M shares for $96.5M; corporate cash $81M plus $600M undrawn credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472021000082/0001704720-21-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472021000082/cnne-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001704720-21-000082

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