SCHEDULE 13G: Cadian Capital Management Discloses 5.8% Passive Stake in Flywire Corp.

Cadian Capital Management, LP, along with its affiliates and Eric Bannasch, has reported a passive beneficial ownership of 5.8% in Flywire Corp.'s Voting Common Stock.

Summary

• Cadian Capital Management, LP, Cadian Capital Management GP, LLC, and Eric Bannasch (collectively, the "Reporting Persons") have filed a Schedule 13G, indicating beneficial ownership in Flywire Corp.
• As of March 31, 2025, the Reporting Persons collectively beneficially owned 7,029,707 shares of Flywire Corp.'s Voting Common Stock.
• This ownership represents approximately 5.8% of the total outstanding shares of Flywire Corp.'s Voting Common Stock.
• The percentage is calculated based on 121,719,438 shares outstanding as of February 20, 2025, as disclosed in Flywire Corp.'s Form 10-K.
• The shares are held directly by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP, which are advisory clients of Cadian Capital Management, LP.
• Cadian Capital Management, LP exercises shared voting and dispositive power over these shares.
• The filing indicates 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: 6

Explanation: The sentiment is slightly positive as it indicates a significant institutional investor has taken a passive stake, which can be interpreted as a vote of confidence in the company.

Positives

• The disclosure of a significant 5.8% stake by an institutional investor like Cadian Capital Management may signal confidence in Flywire Corp.'s long-term prospects.
• The investment is stated to be passive, suggesting a belief in the company's current management and strategic direction without immediate intent to influence control.

Future Outlook

The document does not contain any forward-looking statements or guidance from Flywire Corp. or the Reporting Persons regarding Flywire's future performance or strategic direction.

Industry Context

This filing is a disclosure of a significant passive investment by an institutional fund in Flywire Corp., a company operating in the financial technology sector. It reflects an investor's position rather than providing direct insights into broader industry trends or competitive landscape from Flywire's perspective.

Stakeholder Impact

• Shareholders: The disclosure informs existing and potential shareholders about a new significant institutional holder, which could influence market perception and trading activity.

Key Dates

Keywords

Flywire Corp, Cadian Capital Management, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing, Financial Services