SCHEDULE 13G/A: Pale Fire Capital Group Discloses 6.2% Stake in Angi Inc. Class A Common Stock

A group of Czech Republic-based entities and individuals, including Pale Fire Capital SICAV a.s., have disclosed a collective beneficial ownership of 6.2% of Angi Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Pale Fire Capital SICAV a.s., along with its investment manager Pale Fire Capital investicni spolecnost a.s., controlling entity PALE FIRE CAPITAL SE, and control persons Dusan Senkypl and Jan Barta, collectively reported beneficial ownership of 4,642,024 shares of Angi Inc.'s Class A Common Stock.
• This stake represents approximately 6.2% of Angi Inc.'s outstanding Class A Common Stock, based on 75,249,787 shares outstanding as of November 8, 2024, as disclosed in the Issuer's Quarterly Report on Form 10-Q.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
• The reporting persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Angi Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no direct positive or negative operational or financial information about the issuer.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant 6.2% stake by a group of foreign investors may signal increased institutional interest or a potential strategic position in the company.

Key Dates

Keywords

Angi Inc., ANGI, Pale Fire Capital, beneficial ownership, Schedule 13G, Class A Common Stock, investment, stake, Czech Republic