Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PLCE | Common Stock | Exercise of in-the-money or at-the-money derivative security | $49.3M | +5.06M | +72.2% | $9.75 | 12.1M | Jan 31, 2025 | Direct | F1, F2, F3, F4, F5, F6 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PLCE | Subscription Rights (right to buy) | Exercise of in-the-money or at-the-money derivative security | $0 | -7M | -100% | $0.00 | 0 | Jan 31, 2025 | Common Stock | 5.06M | $9.75 | Direct |
Id | Content |
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F1 | In addition to Mithaq Capital SPC, a segregated portfolio company organized under the laws of the Cayman Islands ("Mithaq"), this Form 4 is being filed jointly by Mithaq Global, a company organized under the laws of the Cayman Islands ("Mithaq Global"), Mithaq Capital, a company organized under the laws of the Cayman Islands ("Mithaq Capital"), Turki Saleh A. AlRajhi, a citizen of Saudi Arabia, Muhammad Asif Seemab, a citizen of Pakistan, and Snowball Compounding Ltd., an exempted company organized under the laws of the Cayman Islands ("Snowball", and together with Mithaq, Mithaq Global, Mithaq Capital, Turki Saleh A. AlRajhi and Muhammad Asif Seemab, the "Reporting Persons"), each of whom has the same business address as Mithaq and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). |
F2 | The amount reflected in Column 5 reflects 1,722 shares of the Issuer's common stock, par value $0.10 per share (the "Common Stock") held directly by Snowball, a wholly owned subsidiary of Mithaq. |
F3 | Mithaq and Mithaq Global are investment vehicles for certain members of the AlRajhi family, of which Turki Saleh A. AlRajhi is a member, and select other eligible investors that are employed by Mithaq or its affiliates. Mithaq is a controlled affiliate of Mithaq Capital. Mithaq Capital is a controlled affiliate of Mithaq Global, and acts as investment advisor for Mithaq. |
F4 | Mithaq, as a controlled affiliate of Mithaq Capital and Mithaq Capital, as the investment advisor for Mithaq and as a controlled affiliate of Mithaq Global, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. AlRajhi's position as a director of Mithaq, Mithaq Global and Mithaq Capital, Mr. AlRajhi may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Seemab's position as director of Mithaq and director and managing director of Mithaq Capital, Mr. Seemab may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. |
F5 | Represents the shares of Common Stock acquired by Mithaq and Snowball as a result of their exercise of all of their respective basic subscription rights received pursuant to the Issuer's previously announced rights offering that expired on January 31, 2025. Each basic subscription right entitled the holder thereof to purchase 0.7220 shares of Common Stock at $9.75 per whole share, rounding down for any fractional shares. |
F6 | Mithaq additionally exercised its over-subscription privilege pursuant to the rights offering in respect of a further up to 4,175,480 shares of Common Stock; however, the number of shares of Common Stock to be acquired by Mithaq pursuant to the over-subscription privilege is not known as of the date of this Form 4 since the Issuer has not yet announced final pro rata allocations and adjustments related to the over-subscription privilege. |
Each of Turki Saleh A. AlRajhi and Muhammad Asif Seemab serves as a director on the Board of Directors of the Issuer and, as a result, the entities listed in these notes are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").