SCHEDULE: Cadian Capital Discloses 8.1% Stake in Flywire Corp.
Beneficial Ownership Report
Cadian Capital Management and affiliates report an 8.1% beneficial ownership stake in Flywire Corp. as of June 30, 2025.
Summary
- Cadian Capital Management, LP, Cadian Capital Management GP, LLC, and Eric Bannasch (collectively, the "Reporting Persons") have reported beneficial ownership of 9,756,543 shares of Flywire Corp.'s Voting Common Stock.
- This ownership represents approximately 8.1% of Flywire Corp.'s outstanding Voting Common Stock, based on 120,307,481 shares outstanding as of June 30, 2025.
- The shares are held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP, advisory clients of Cadian Capital Management, LP.
- Cadian Capital Management, LP exercises shared voting and dispositive power over all 9,756,543 shares.
- The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Flywire Corp.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook. The reporting persons explicitly state the acquisition was in the ordinary course of business and not for control purposes.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive investment by an institutional investor in a publicly traded company. It does not inherently reflect broader industry trends but rather an investment decision by Cadian Capital Management in Flywire Corp.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and liquidity. The disclosure of a large, passive stake by a reputable investment firm may be viewed positively by some investors.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement, reflecting the beneficial ownership stake. |
| 08/06/2025 | Date of Flywire Corp.'s Form 10-Q filing, which disclosed the number of outstanding shares used for percentage calculation. |
| 08/14/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
Flywire Corp, Cadian Capital Management, Beneficial Ownership, Institutional Investor, Voting Common Stock, SEC Filing, Investment Management
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