SCHEDULE 13G/A: BlackRock Discloses 16.8% Stake in Thryv Holdings, Inc.

BlackRock, Inc. has filed an amended Schedule 13G, reporting a beneficial ownership of 16.8% of Thryv Holdings, Inc.'s common stock as of December 31, 2024.

Summary

• BlackRock, Inc. reported beneficial ownership of 7,188,206 shares of Thryv Holdings, Inc. common stock.
• This represents 16.8% of the total outstanding common stock of Thryv Holdings, Inc.
• BlackRock holds sole voting power over 6,976,641 shares and sole dispositive power over 7,188,206 shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• iShares Core S & P Small-Cap ETF, an entity affiliated with BlackRock, holds more than 5% of the total outstanding common stock of Thryv Holdings, Inc.
• The filing was made by BlackRock, Inc. as a parent holding company.

Sentiment

Score: 5

Explanation: The document is a factual report of beneficial ownership by a large institutional investor, BlackRock, Inc., in Thryv Holdings, Inc. It does not contain performance data or forward-looking statements from the issuer. The acquisition of a significant stake by a major asset manager is generally viewed as a neutral to slightly positive signal of investor confidence.

Positives

• The disclosure of a significant stake (16.8%) by a major institutional investor like BlackRock can be viewed positively by the market, indicating confidence in the company.
• The filing states that the shares were acquired and are held in the ordinary course of business, suggesting a long-term investment perspective rather than an activist intent.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a prominent institutional investor like BlackRock may instill confidence among existing shareholders and potentially attract new investors, as it signals institutional interest and potentially long-term commitment.

Key Dates

Keywords

Thryv Holdings Inc., BlackRock Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management, Asset Management