Mithaq group (PLCE) discloses 61% ownership and 500,000-share award to Seemab
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
- None.
Negative
- None.
Key Figures
Key Terms
beneficial ownership financial
Restricted Stock financial
dispositive power financial
vesting schedule financial
Schedule 13D regulatory
FAQ
What ownership stake in PLCE does Mithaq Capital SPC report in this Schedule 13D/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.