secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001704720-22-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae Q1 net loss $247.6M; $236M Paysafe impairment; book value per share falls to $35.79
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- Net loss of $247.6M (EPS -$2.88); operating loss $75.6M on total revenue of $167.4M.
- Recorded $236M non-cash impairment on Paysafe investment due to fair value decline.
- Repurchased 2M shares for $54M at avg $26.96; board authorized 7.5M additional shares.
- Sold Optimal Blue for $578M (2.0x MOIC) in Feb 2022; received $144.5M cash and 21.8M DNB shares.
- Book value per share fell to $35.79 from $38.38 at Dec 31, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000031/0001704720-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000031/cnne-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001704720-22-000031

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