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Childrens Place plans sale of substantially all assets

The reporting persons may seek to acquire debtor assets, but the Bankruptcy Court must approve asset sales and additional financing.

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(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Childrens Place, Inc. and certain subsidiaries filed voluntary Chapter 11 petitions on November 9, 2026. The debtors said they intend to pursue a competitive marketing and sales process for substantially all assets, including operational assets and intellectual property.

Mithaq Capital SPC, Mithaq Global, Mithaq Capital and Turki Saleh A. AlRajhi each report beneficial ownership of 13,593,236 common shares, or 61.1%; Muhammad Asif Seemab reports 13,696,819 shares, or 61.6%, including 103,583 shares held directly. The percentages use 22,237,067 shares outstanding as of September 8, 2026.

One or more reporting persons or affiliates may participate in the asset-sale process and seek to acquire certain debtor assets; some reporting persons are unsecured creditors. The Bankruptcy Court must approve asset sales, additional financing and rejection of contracts and leases. AlRajhi resigned as Executive Chairman, and Seemab resigned as President and Interim Chief Executive Officer.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

1 major · 1 point

How the balance works

Positive

  • None.

Negative

  • Major pointChapter 11: Childrens Place filed voluntary petitions November 9, 2026.

Filing Explained

The reporting persons say they have no plans to acquire or dispose of Childrens Place common shares; the possible acquisition described is of certain debtor assets through the bankruptcy sale process, not a disclosed share transaction.

Beneficial ownership 13,593,236 common shares Each of Mithaq Capital SPC, Mithaq Global, Mithaq Capital and Turki Saleh A. AlRajhi; reported as 61.1%
Beneficial ownership 13,696,819 common shares Reported by Muhammad Asif Seemab; reported as 61.6%
Shares outstanding 22,237,067 common shares As of September 8, 2026
Direct holdings 103,583 common shares Held directly by Muhammad Asif Seemab
Shared dispositive power 500,000 common shares Shares owned by Muhammad Asif Seemab and included in shared dispositive power
Chapter 11 regulatory
"filed voluntary petitions under Chapter 11"
Chapter 11 is a U.S. bankruptcy process that lets a financially distressed company keep operating while it reorganizes its debts and business plan under court supervision. Think of it as a formal pause that allows the company to renegotiate payments, shed contracts or assets, and seek a path to profitability instead of being liquidated; investors watch it because it can change the value and priority of claims, equity dilution, or the likelihood of recovery.
unsecured creditors financial
"also are unsecured creditors of the Issuer"
beneficial ownership regulatory
"reporting beneficial ownership of an aggregate"
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.
shared dispositive power regulatory
"shares included in Shared Dispositive Power"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What happened to PLCE in November 2026?

Childrens Place, Inc. and certain subsidiaries filed voluntary Chapter 11 petitions on November 9, 2026. The debtors said they intend to pursue a competitive marketing and sales process for substantially all assets, including operational assets and intellectual property.

How many PLCE shares did the reporting persons report owning?

Mithaq Capital SPC, Mithaq Global, Mithaq Capital and Turki Saleh A. AlRajhi each reported beneficial ownership of 13,593,236 common shares, or 61.1%. Muhammad Asif Seemab reported 13,696,819 shares, or 61.6%, including 103,583 held directly. The percentages use 22,237,067 shares outstanding as of September 8, 2026.

Can the reporting persons acquire assets through PLCE's bankruptcy process?

One or more reporting persons or their affiliates may participate in the sales process and seek to acquire certain debtor assets. The Bankruptcy Court must approve asset sales, additional financing and rejection of contracts and leases.

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

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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
8201 Alexander Ct,
Breinigsville, PA, 18031
516 644 0689

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
11/10/2026

(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 September 14, 2026 as being issued and outstanding as of the close of business on September 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 September 14, 2026 as being issued and outstanding as of the close of business on September 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 September 14, 2026 as being issued and outstanding as of the close of business on September 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 September 14, 2026 as being issued and outstanding as of the close of business on September 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 September 14, 2026 as being issued and outstanding as of the close of business on September 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 September 14, 2026 as being issued and outstanding as of the close of business on September 8, 2026.


SCHEDULE 13D


Mithaq Capital SPC
Signature:Turki Saleh A. AlRajhi
Name/Title:Turki Saleh A. AlRajhi/Director
Date:11/11/2026
Mithaq Global
Signature:Turki Saleh A. AlRajhi
Name/Title:Turki Saleh A. AlRajhi/Director
Date:11/11/2026
Mithaq Capital
Signature:Turki Saleh A. AlRajhi
Name/Title:Turki Saleh A. AlRajhi/Director
Date:11/11/2026
Turki Saleh A. Alrajhi
Signature:Turki Saleh A. Alrajhi
Name/Title:Turki Saleh A. Alrajhi
Date:11/11/2026
Muhammad Asif Seemab
Signature:Muhammad Asif Seemab
Name/Title:Muhammad Asif Seemab
Date:11/11/2026
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:11/11/2026

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