Cannae's $690M backstop agreement terminated after AAC-Wynn Interactive merger cancelled

Cannae Holdings, Inc.

Mutual termination of AAC and Wynn Interactive merger on Nov 11, 2021 triggers automatic termination of Cannae's Backstop and Sponsor Agreements.
Cannae had committed to subscribe for up to $690M in AAC Class A shares to fund redemptions; obligation now terminated.
Cannae no longer has any funding obligation related to the proposed merger.

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