Cannae Holdings - CNNE STOCK NEWS

Cannae Holdings, Inc. (NYSE: CNNE) and Trasimene Capital Management are proposing to redeem Austerlitz Acquisition Corporation I's (NYSE: AUS) outstanding Class A ordinary shares before the 24-month deadline of March 2, 2023. With $690 million in trust, shareholders are expected to receive $10.00 per share. After extensive searches for merger partners, the Sponsors believe a successful merger is unlikely, prompting the decision to return funds instead of waiting for potential expiration. A special shareholder meeting is planned for November 2022 to vote on the redemption.

Paysafe Limited (NYSE: PSFE) disclosed that Cannae Holdings, Inc. (NYSE: CNNE) purchased approximately 5.7 million shares of its common stock for about $22.2 million in December 2021. This acquisition increased Cannae's holdings to 59,758,641 shares, representing 8.26% of Paysafe's outstanding shares. The announcement follows a previous report of Paysafe leadership purchasing approximately 737,000 shares in late 2021. The transaction aims to reflect Cannae's confidence in the direction of Paysafe.

Cannae Holdings (NYSE: CNNE) has led a $270 million funding round in Sightline Payments, investing $240 million. This follows a $32 million investment in 2021, valuing Sightline over $1 billion post-money. Sightline, a leader in cashless gaming solutions, has over 1.5 million accounts and is positioned for growth in the expanding digital payments market within the gaming industry. Cannae's Chairman, William P. Foley, II, expressed confidence in Sightline's potential to lead in the digital transformation of North American gaming.

Sightline Payments has successfully completed a $244 million funding round, establishing itself as Nevada's first fintech unicorn with a valuation exceeding $1 billion. This funding follows an earlier round of $100 million in April 2021. Major investors include Cannae Holdings and Genting Group. Sightline, a leader in digital payments for the gaming industry, aims to enhance cashless options in casinos. With over 1.5 million accounts, the company is well-positioned for growth in a market expected to exceed $150 billion in the coming years.

Cannae Holdings, Inc. (NYSE:CNNE) released its second quarter 2021 financial results on August 5, 2021. An earnings call will follow at 5:00 PM ET, accessible by phone or webcast. Cannae is actively managing a portfolio of companies, with notable investments including Dun & Bradstreet (16% interest), Ceridian (8% interest), and Paysafe (7.5% interest). The company, led by William P. Foley, II, focuses on maximizing the value of its holdings and has a history of creating substantial public companies, aiming for superior financial performance.

Cannae Holdings, Inc. (NYSE:CNNE) will release its second quarter 2021 financial results after market close on August 5, 2021. A conference call to discuss these results is scheduled for 5:00 PM ET the same day. Investors can access the call via phone or online through Cannae's website. The Company is led by William P. Foley, II, known for building over $140 billion in publicly traded companies. Cannae holds significant interests in Dun & Bradstreet, Ceridian, Paysafe, and Alight, reflecting its strategy of maximizing asset value through strategic investments.

Cannae Holdings, Inc. (NYSE:CNNE) announced it has terminated a $75 million forward purchase agreement and agreed to a $200 million equity backstop for the merger between Trebia Acquisition Corp. and System1. This commitment will support future shareholder redemptions. The transaction is set to provide $175 million in cash to System1, aimed at growth and acquisitions. The combined company will have a post-money enterprise value of $1.4 billion. Cannae retains a 15% economic interest in Trebia's founder shares and anticipates closing the deal in Q4 2021.

Cannae Holdings, Inc. (NYSE:CNNE) announced that Foley Trasimene Acquisition Corp. (NYSE:WPF) has scheduled a Special Meeting on June 30, 2021, to approve the proposed business combination with Alight Solutions. If approved, the transaction's closing is anticipated soon after, pending any remaining conditions. William P. Foley II emphasized the significance of Alight as a crucial platform for employee engagement on benefits, including health and payroll. The definitive proxy statement is available on both Foley Trasimene's and the SEC's websites for stockholder review.

Cannae Holdings, Inc. (NYSE:CNNE) announced the sale of 2,000,000 shares of common stock of Ceridian HCM Holding Inc. at a price of $87.50 per share, generating gross proceeds of $175,000,000. This sale was conducted under Rule 144 of the Securities Act of 1933. Cannae, led by William P. Foley, II, manages and operates a diverse portfolio of companies and investments, including significant stakes in Dun & Bradstreet and Paysafe.