STOCK TITAN

Mithaq group (PLCE) discloses 61% ownership and 500,000-share award to Seemab

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Mithaq Capital SPC and related reporting persons report updated ownership and arrangements regarding the common shares of The Children's Place, Inc. They beneficially own 13,593,236 Common Shares, representing 61.1% of the 22,237,067 shares outstanding as of June 8, 2026, primarily through shared voting and dispositive power.

Muhammad Asif Seemab beneficially owns 13,696,819 shares (about 61.6% of the class), including 603,583 shares he owns directly. Of these, 500,000 Common Shares are subject to a Restricted Stock Transfer Agreement dated August 11, 2026 with Mithaq, now formalized as the grant date. These 500,000 shares transfer to Mr. Seemab, who has sole voting power and dividend rights, but vest in three equal tranches only if the issuer’s market capitalization reaches $265 million, $400 million, and $600 million, respectively. Any unvested shares will expire and revert to Mithaq on August 11, 2031 unless extended, and unvested shares may not be transferred. Mr. Seemab has sole dispositive power over vested shares.

Positive

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Negative

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Beneficial ownership (Mithaq group) 13,593,236 Common Shares Shares beneficially owned, representing 61.1% of the class
Percent of class (Mithaq group) 61.1 % Based on 22,237,067 shares outstanding as of June 8, 2026
Shares outstanding 22,237,067 Common Shares Issued and outstanding as of close of business on June 8, 2026
Beneficial ownership (Muhammad Asif Seemab) 13,696,819 Common Shares Represents approximately 61.6% of the outstanding Common Shares
Restricted stock award to Seemab 500,000 Common Shares Subject to Restricted Stock Transfer Agreement dated August 11, 2026
Vesting market cap thresholds $265 million, $400 million, $600 million Three equal tranches vest as issuer’s market cap reaches each level
Award expiration date August 11, 2031 Unvested restricted shares expire and revert to Mithaq on 5th anniversary
Directly owned shares by Seemab 603,583 Common Shares Include 103,583 with sole voting and dispositive power and 500,000 subject to award
beneficial ownership financial
"The Reporting Persons are each reporting beneficial ownership of an aggregate of 13,593,236 Common Shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Restricted Stock financial
"Mithaq had granted stock awards to Mr. Seemab in the form of Restricted Stock in an aggregate amount of 500,000 Common Shares"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
dispositive power financial
"shared dispositive power of 500,000 Common Shares owned by Mr. Seemab"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
vesting schedule financial
"The vesting schedule remains the same: (i) first one-third, when the Issuer's market capitalization reaches $265 million"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Schedule 13D regulatory
"relating to the common shares ... of The Children's Place, Inc., a Delaware corporation"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

FAQ

What ownership stake in PLCE does Mithaq Capital SPC report in this Schedule 13D/A?

Mithaq Capital SPC and related reporting persons report beneficial ownership of 13,593,236 Common Shares of PLCE, representing approximately 61.1% of the 22,237,067 shares outstanding as of June 8, 2026.

How many PLCE shares does Muhammad Asif Seemab beneficially own under this amendment?

Muhammad Asif Seemab beneficially owns 13,696,819 PLCE Common Shares, or about 61.6% of the class, including 603,583 shares owned directly, of which 103,583 carry sole voting and dispositive power.

What are the key terms of the 500,000-share restricted stock award to Seemab in PLCE?

Mithaq granted Mr. Seemab 500,000 PLCE shares under a Restricted Stock Transfer Agreement dated August 11, 2026. He has sole voting power and dividend rights, but vesting depends on PLCE’s market cap milestones and unvested shares revert on August 11, 2031.

What market capitalization targets trigger vesting of Seemab’s PLCE restricted shares?

The 500,000 PLCE restricted shares vest in three equal tranches when market capitalization reaches $265 million, then $400 million, and finally $600 million. Each threshold releases one-third of the award to Mr. Seemab.

When do Seemab’s unvested PLCE restricted shares expire under the Mithaq agreement?

Any unvested PLCE restricted shares held by Mr. Seemab expire on the 5th anniversary of the grant date, August 11, 2031, and will revert to Mithaq unless an extension is granted.

How many PLCE shares does Snowball Compounding Ltd. beneficially own?

Snowball Compounding Ltd. beneficially owns 1,722 PLCE Common Shares, with shared voting and dispositive power over all of them, representing approximately 0.0% of the outstanding Common Shares based on 22,237,067 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





168905107

(CUSIP Number)
Turki Saleh A. AlRajhi
c/o Synergy, Anas Ibn Malik Road,
Al Malqa, Riyadh, T0, 13521
966 11 222 2210


Muhammad Asif Seemab
330 Forest Avenue,
Locust Valley, NY, 11560
516 644 0689

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/11/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
1. The Reporting Persons (as defined below) other than Snowball (as defined below) and Muhammad Asif Seemab are each reporting beneficial ownership of an aggregate of 13,593,236 Common Shares, including beneficial ownership of 1,722 Common Shares held directly by Snowball and shared dispositive power of 500,000 Common Shares owned by Mr. Seemab. The Common Shares stated above as beneficially owned by the Reporting Persons other than Snowball and Mr. Seemab represent approximately 61.1% of the outstanding Common Shares as calculated pursuant to Note 2 below. Snowball beneficially owns 1,722 Common Shares, which represent approximately 0.0% of the outstanding Common Shares as calculated pursuant to Note 2 below. Mr. Seemab, a Reporting Person, directly owns 103,583 Common Shares, which are not included in the above totals, and an additional 500,000 Common Shares, which are included in Shared Dispositive Power but excluded from Shared Voting Power. 2. All percentage calculations set forth herein are based upon the 22,237,067 Common Shares stated by the Issuer in its Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission on June 12, 2026 as being issued and outstanding as of the close of business on June 8, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
1. The Reporting Persons (as defined below) other than Snowball (as defined below) and Muhammad Asif Seemab are each reporting beneficial ownership of an aggregate of 13,593,236 Common Shares, including beneficial ownership of 1,722 Common Shares held directly by Snowball and shared dispositive power of 500,000 Common Shares owned by Mr. Seemab. The Common Shares stated above as beneficially owned by the Reporting Persons other than Snowball and Mr. Seemab represent approximately 61.1% of the outstanding Common Shares as calculated pursuant to Note 2 below. Snowball beneficially owns 1,722 Common Shares, which represent approximately 0.0% of the outstanding Common Shares as calculated pursuant to Note 2 below. Mr. Seemab, a Reporting Person, directly owns 103,583 Common Shares, which are not included in the above totals, and an additional 500,000 Common Shares, which are included in Shared Dispositive Power but excluded from Shared Voting Power. 2. All percentage calculations set forth herein are based upon the 22,237,067 Common Shares stated by the Issuer in its Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission on June 12, 2026 as being issued and outstanding as of the close of business on June 8, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
1. The Reporting Persons (as defined below) other than Snowball (as defined below) and Muhammad Asif Seemab are each reporting beneficial ownership of an aggregate of 13,593,236 Common Shares, including beneficial ownership of 1,722 Common Shares held directly by Snowball and shared dispositive power of 500,000 Common Shares owned by Mr. Seemab. The Common Shares stated above as beneficially owned by the Reporting Persons other than Snowball and Mr. Seemab represent approximately 61.1% of the outstanding Common Shares as calculated pursuant to Note 2 below. Snowball beneficially owns 1,722 Common Shares, which represent approximately 0.0% of the outstanding Common Shares as calculated pursuant to Note 2 below. Mr. Seemab, a Reporting Person, directly owns 103,583 Common Shares, which are not included in the above totals, and an additional 500,000 Common Shares, which are included in Shared Dispositive Power but excluded from Shared Voting Power. 2. All percentage calculations set forth herein are based upon the 22,237,067 Common Shares stated by the Issuer in its Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission on June 12, 2026 as being issued and outstanding as of the close of business on June 8, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
1. The Reporting Persons (as defined below) other than Snowball (as defined below) and Muhammad Asif Seemab are each reporting beneficial ownership of an aggregate of 13,593,236 Common Shares, including beneficial ownership of 1,722 Common Shares held directly by Snowball and shared dispositive power of 500,000 Common Shares owned by Mr. Seemab. The Common Shares stated above as beneficially owned by the Reporting Persons other than Snowball and Mr. Seemab represent approximately 61.1% of the outstanding Common Shares as calculated pursuant to Note 2 below. Snowball beneficially owns 1,722 Common Shares, which represent approximately 0.0% of the outstanding Common Shares as calculated pursuant to Note 2 below. Mr. Seemab, a Reporting Person, directly owns 103,583 Common Shares, which are not included in the above totals, and an additional 500,000 Common Shares, which are included in Shared Dispositive Power but excluded from Shared Voting Power. 2. All percentage calculations set forth herein are based upon the 22,237,067 Common Shares stated by the Issuer in its Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission on June 12, 2026 as being issued and outstanding as of the close of business on June 8, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
1. The Reporting Persons (as defined below) other than Snowball (as defined below) and Muhammad Asif Seemab are each reporting beneficial ownership of an aggregate of 13,593,236 Common Shares, including beneficial ownership of 1,722 Common Shares held directly by Snowball and excluding beneficial ownership of 103,583 Common Shares held directly by Mr. Seemab. The Common Shares stated above as beneficially owned by the Reporting Persons other than Snowball represent approximately 61.6% of the outstanding Common Shares as calculated pursuant to Note 2 below. Snowball beneficially owns 1,722 Common Shares, which represent approximately 0.0% of the outstanding Common Shares as calculated pursuant to Note 2 below. Of the Common Shares owned directly by Mr. Seemab, 103,583 were received as a distribution from Mithaq Capital SPC ("Mithaq") and 500,000 transferred to him pursuant to a restricted stock award from Mithaq. Mr. Seemab possesses sole voting power and sole dispositive power over 103,583 shares, which represent approximately 0.5% of the outstanding Common Shares. Of the additional 500,000 Common Shares owned by Mr. Seemab, the Reporting Persons (including Mr. Seemab) share dispositive power and Mr. Seemab possesses sole voting power. The 603,583 Common Shares owned by Mr. Seemab represent approximately 2.7% of the outstanding Common Shares. 2. All percentage calculations set forth herein are based upon the 22,237,067 Common Shares stated by the Issuer in its Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission on June 12, 2026 as being issued and outstanding as of the close of business on June 8, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
All percentage calculations set forth herein are based upon the 22,237,067 Common Shares stated by the Issuer in its Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission on June 12, 2026 as being issued and outstanding as of the close of business on June 8, 2026.


SCHEDULE 13D


Mithaq Capital SPC
Signature:Turki Saleh A. AlRajhi
Name/Title:Turki Saleh A. AlRajhi/Director
Date:08/13/2026
Mithaq Global
Signature:Turki Saleh A. AlRajhi
Name/Title:Turki Saleh A. AlRajhi/Director
Date:08/13/2026
Mithaq Capital
Signature:Turki Saleh A. AlRajhi
Name/Title:Turki Saleh A. AlRajhi/Director
Date:08/13/2026
Turki Saleh A. Alrajhi
Signature:Turki Saleh A. Alrajhi
Name/Title:Turki Saleh A. Alrajhi
Date:08/13/2026
Muhammad Asif Seemab
Signature:Muhammad Asif Seemab
Name/Title:Muhammad Asif Seemab
Date:08/13/2026
SNOWBALL COMPOUNDING LTD.
Signature:Turki Saleh A. AlRajhi
Name/Title:Turki Saleh A. Alrajhi/Director of Mithaq Capital SPC, the sole stockholder of Snowball Compounding Ltd.
Date:08/13/2026