Specialized payments platform Paysafe Limited (NYSE:PSFE) today announced that Cannae Holdings, Inc (NYSE:CNNE), through its subsidiary, has purchased approximately 5.7 million shares of Paysafe’s common stock through a series of open market transactions in late December 2021. The transactions are in accordance with the company’s securities trading policy and applicable securities laws.
As of December 31, 2021, Cannae owned 59,758,641 common shares, which represents approximately 8.26% of Paysafe’s outstanding common shares.
William P. Foley, II, Chairman of Cannae, commented:
“Based on our confidence in the path Paysafe is now on, Cannae has acquired an additional 5.7 million shares in open market transactions totaling $22.2 million.”
Today’s announcement follows the company’s December 8 announcement that Paysafe leadership and independent directors purchased approximately 737,000 shares of Paysafe’s common stock through open market transactions in November and December 2021.
The 13D filing can be found here.