Sec Form 13D Filing - Mithaq Capital SPC filing for The Children's Place, Inc. (PLCE) - 2025-02-07

The disclosure set forth in Item 4 of this Amendment No. 7 is incorporated herein by reference.

Introductory NoteThis Amendment No. 7 to Schedule 13D (this "Amendment No. 7") amends and supplements the Schedule 13D filed by the Reporting Persons with the SEC on February 16, 2024 as amended and supplemented by that certain Amendment No. 1 to Schedule 13D filed by the Reporting Persons with the SEC on March 4, 2024, by that certain Amendment No. 2 to Schedule 13D filed by the Reporting Persons with the SEC on March 11, 2024, by that certain Amendment No. 3 to Schedule 13D filed by the Reporting Persons with the SEC on April 18, 2024, by that certain Amendment No. 4 to Schedule 13D filed by the Reporting Persons with the SEC on September 16, 2024, by that certain Amendment No. 5 to Schedule 13D filed by the Reporting Persons with the SEC on October 16, 2024, and by that certain Amendment No. 6 to Schedule 13D filed by the Reporting Persons with the SEC on February 4, 2025 (the "Initial 13D", and the Initial 13D as amended and supplemented by this Amendment No. 7, the "Schedule 13D") relating to the common shares, par value $0.10 per share (the "Common Shares") of The Children's Place, Inc., a Delaware corporation (the "Issuer"). Capitalized terms used in this Amendment No. 7 but not otherwise defined shall have the respective meanings ascribed to them in the Initial 13D.Item 4 of the Initial 13D is hereby amended and restated as set forth below:"On December 31, 2024, the Issuer commenced a rights offering (the "Rights Offering") for the sale of up to 9,230,769 Common Shares in the aggregate. Pursuant to the Rights Offering, the Company distributed to each holder of record of Common Stock as of the close of business on December 13, 2024 one non-transferable subscription right (each, a "Subscription Right") for every share of Common Stock owned by such holder as of the close of business on December 13, 2024, the record date for the Rights Offering. Each Subscription Right carried with it a basic subscription right, which entitled Subscription Rights holders to purchase 0.7220 Common Shares per Subscription Right at a subscription price of $9.75 per whole share (the "Subscription Price"), and an over-subscription privilege (the "over-subscription privilege"), which entitled each Subscription Rights holder that had exercised its basic subscription right in full to subscribe for additional Common Shares at the same Subscription Price of $9.75 per whole share, to the extent that Common Shares offered in the Rights Offering had not been purchased by other holders of basic subscription rights and further subject to the completion by the Issuer of certain pro rata allocations and adjustments. The Rights Offering expired on January 31, 2025 at 5:00 p.m., New York City time.Mithaq SPC fully-exercised all of the 7,000,787 basic subscription rights it received pursuant to the Rights Offering, which represent 5,054,567 Common Shares in the aggregate, and Snowball fully-exercised all of the 1,000 basic subscription rights it received pursuant to the Rights Offering, which represent 722 Common Shares in the aggregate. Mithaq SPC additionally exercised its over-subscription privilege in respect of a further up to 4,175,480 Common Shares, which amount was reduced to 1,639,743 Common Shares following the completion by the Issuer of its pro rata allocations and adjustments.Snowball has elected to pay the subscription price for the 722 Common Shares it subscribed for in the Rights Offering using its working capital. Mithaq SPC has elected to pay the subscription price for (i) 521,284 of the Common Shares it subscribed for in the Rights Offering pursuant to its basic subscription right using its working capital (amounting to $5,082,519 in the aggregate) and (ii) the remaining 6,173,026 Common Shares it expects to receive in the Rights Offering by delivering to the Issuer indebtedness for borrowed money owed by the Issuer to Mithaq SPC pursuant to the Unsecured Promissory Note, dated February 29, 2024, among the Issuer, certain subsidiaries of the Issuer, and Mithaq SPC (the "First Note") in an amount equal to $60,187,003.50 (which, following delivery to Mithaq SPC of the Common Shares to be issued to it in the Rights Offering, would leave a remaining principal balance pursuant to the First Note of $18,412,996.50).Item 5 of this Amendment No. 7 is incorporated herein by reference."

Items 5(a) and (b) of the Initial 13D are hereby amended and restated as follows:"(a), (b) Each Reporting Person (other than Snowball) is reporting beneficial ownership of an aggregate of 13,696,819 Common Shares, including 1,722 Common Shares held directly by Snowball. These Common Shares represent approximately 62.2% of the outstanding Common Shares (calculated based upon the 12,784,972 Common Shares stated by the Issue r in its Current Report on Form 8-K filed with the United States Securities and Exchange Commission on February 6, 2025 as being issued and outstanding as of the close of business on February 5, 2025, adjusted upwards based on the assumed issuance of all of the 9,230,769 Common Shares stated by the Issuer to be issuable as a result of the Rights Offering). Snowball beneficially owns 1,722 Common Shares, which represent approximately 0.0% of the outstanding Common Shares.Mithaq SPC has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote 13,696,819 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 13,696,819 Common Shares.Mithaq Global has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote 13,696,819 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 13,696,819 Common Shares.Mithaq Capital has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote 13,696,819 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 13,696,819 Common Shares.Turki Saleh A. AlRajhi has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 13,696,819 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 13,696,819 Common Shares.Muhammad Asif Seemab has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 13,696,819 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 13,696,819 Common Shares.Snowball has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 1,722 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 1,722 Common Shares.Item 4 of this Amendment No. 7 is incorporated herein by reference."

Item 5(c) of the Initial 13D is hereby amended and supplemented to add the following information: "Item 4 of this Amendment No. 7 is incorporated herein by reference."

Item 6 of the Initial 13D is hereby amended and supplemented by the addition of the following paragraph to the end thereof:"The disclosure set forth in Item 4 of this Amendment No. 7 is incorporated herein by reference."