BlackRock reports 8.3% stake in Remitly Global
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 17,508,232 shares of Remitly Global Inc. common stock.
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 17,508,232 shares of Remitly Global Inc. common stock. This represents 8.3% of the outstanding common shares. BlackRock reports sole voting power over 17,254,219 shares and sole dispositive power over 17,508,232 shares, with no shared voting or dispositive power.
The filing explains that these holdings are attributed to certain business units of BlackRock and its subsidiaries and affiliates. Various underlying clients have rights to dividends or sale proceeds, but no single such person has more than five percent of Remitly’s outstanding common shares.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
beneficially owned financial
Sole Voting Power financial
Sole Dispositive Power financial
Power of Attorney regulatory
Investment Company Act of 1940 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who signed the amended Schedule 13G for BlackRock regarding Remitly (RELY)?
How does BlackRock describe the reporting entities in its Remitly (RELY) 13G/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.