Filing Details

Accession Number:
0001104659-24-026530
Form Type:
13G Filing
Publication Date:
2024-02-21 19:00:00
Filed By:
D. E. Shaw & Co, L.p.
Company:
Childrens Place Inc. (NASDAQ:PLCE)
Filing Date:
2024-02-22
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
D. E. Shaw Co. 0 680,925 0 680,925 680,925 5.5%
D. E. Shaw Co. 0 898,395 0 907,595 907,595 7.3%
David E. Shaw 0 898,395 0 907,595 907,595 7.3%
Filing

 

 

  

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Amendment No. 3)*

 

Under the Securities Exchange Act of 1934

 

 

The Children’s Place, Inc.

(Name of Issuer)

 

 

Common Stock, $0.10 par value

(Title of Class of Securities)

 

 

168905107

(CUSIP Number)

 

 

February 12, 2024

(Date of Event Which Requires Filing of this Statement)

 

Check the following box to designate the rule pursuant to which the Schedule is filed:

 

¨ Rule 13d-1(b) 
x Rule 13d-1(c) 
¨ Rule 13d-1(d) 

 

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No. 168905107

 

  1.

Names of Reporting Persons

D. E. Shaw & Co., L.L.C.

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
   

(b) 

¨

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

680,925

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

680,925

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

680,925

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

5.5%1

 

  12.

Type of Reporting Person (See Instructions)

OO

 

 

1 Following our most recent filing for this Issuer as of December 31, 2023 (dated February 14, 2024), D. E. Shaw & Co., L.L.C. ceased to be a beneficial owner of more than 5% of the class of securities. On February 12, 2024, D. E. Shaw & Co., L.L.C. again became a beneficial owner of more than 5% of the class of securities.

 

 

 

 

CUSIP No. 168905107

 

  1.

Names of Reporting Persons

D. E. Shaw & Co., L.P.

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
   

(b) 

¨

 

  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting

Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

898,395

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

907,595

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

907,595

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

7.3%

 

  12.

Type of Reporting Person (See Instructions)

IA, PN

 

 

 

 

CUSIP No. 168905107

 

  1.

Names of Reporting Persons

David E. Shaw

 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)  ¨
   

(b)

 

¨
  3.

SEC Use Only

 

  4.

Citizenship or Place of Organization

United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

 

-0-

      6.

Shared Voting Power

898,395

 

      7.

Sole Dispositive Power

-0-

 

      8.

Shared Dispositive Power

907,595

 

  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

907,595

 

  10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

  11.

Percent of Class Represented by Amount in Row (9)

7.3%

 

  12.

Type of Reporting Person (See Instructions)

IN

 

 

 

 

Item 1.

  (a) Name of Issuer
      The Children’s Place, Inc.
     
    (b) Address of Issuer's Principal Executive Offices
      500 Plaza Drive
  Secaucus, NJ 07094
     
Item 2.
  (a) Name of Person Filing
   

  D. E. Shaw & Co., L.L.C.

  D. E. Shaw & Co., L.P.
  David E. Shaw  

     
  (b) Address of Principal Business Office or, if none, Residence
      The business address for each reporting person is:
  1166 Avenue of the Americas, 9th Floor
  New York, NY 10036
     
    (c) Citizenship
   

  D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware.

  D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.
  David E. Shaw is a citizen of the United States of America.

     
    (d) Title of Class of Securities
      Common Stock, $0.10 par value
     
    (e) CUSIP Number
      168905107

 

Item 3.   If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
   
Not Applicable
 
Item 4. Ownership

 

As of February 12, 2024:

 

(a) Amount beneficially owned:

 

  D. E. Shaw & Co., L.L.C.:

680,925 shares

This is composed of (i) 336,943 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (ii) 252,957 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (iii) 50,000 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iv) 39,294 shares in the name of D. E. Shaw Composite Portfolios, L.L.C., and (v) 1,731 shares in the name of D. E. Shaw Investment Management Special Investment Fund, L.L.C.

 

 

D. E. Shaw & Co., L.P.:

 

 

907,595 shares

This is composed of (i) 336,943 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (ii) 252,957 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (iii) 50,000 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iv) 228,401 shares under the management of D. E. Shaw Investment Management, L.L.C., and (v) 39,294 shares in the name of D. E. Shaw Composite Portfolios, L.L.C.

  

 

 

 

 

David E. Shaw:

907,595 shares

This is composed of (i) 336,943 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (ii) 252,957 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (iii) 50,000 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iv) 228,401 shares under the management of D. E. Shaw Investment Management, L.L.C., and (v) 39,294 shares in the name of D. E. Shaw Composite Portfolios, L.L.C.

 

(b)Percent of class:
 

D. E. Shaw & Co., L.L.C.:

5.5%
  D. E. Shaw & Co., L.P.: 7.3%
  David E. Shaw: 7.3%

 

(c)Number of shares to which the person has:
  (i) Sole power to vote or to direct the vote:
   

D. E. Shaw & Co., L.L.C.:

-0- shares
    D. E. Shaw & Co., L.P.: -0- shares
    David E. Shaw: -0- shares   

 

  (ii) Shared power to vote or to direct the vote:
   

D. E. Shaw & Co., L.L.C.:

680,925 shares

    D. E. Shaw & Co., L.P.: 898,395 shares
    David E. Shaw: 898,395 shares

 

  (iii) Sole power to dispose or to direct the disposition of:
   

D. E. Shaw & Co., L.L.C.:

-0- shares
    D. E. Shaw & Co., L.P.: -0- shares   
    David E. Shaw: -0- shares   

 

  (iv) Shared power to dispose or to direct the disposition of:
   

D. E. Shaw & Co., L.L.C.:

680,925 shares
    D. E. Shaw & Co., L.P.: 907,595 shares
    David E. Shaw: 907,595 shares

 

David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Valence Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., and D. E. Shaw Composite Portfolios, L.L.C. and the managing member of D. E. Shaw Investment Management, L.L.C., which in turn is the investment adviser of D. E. Shaw Investment Management Special Investment Fund, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Valence Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., D. E. Shaw Composite Portfolios, L.L.C., and D. E. Shaw Investment Management Special Investment Fund, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of 898,395 shares, and the shared power to dispose or direct the disposition of 907,595 shares, the 907,595 shares as described above constituting 7.3% of the outstanding shares and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 907,595 shares.

 

 

 

 

Item 5. Ownership of Five Percent or Less of a Class
Not Applicable  
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable  
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable  
 
Item 8. Identification and Classification of Members of the Group
Not Applicable  
 
Item 9. Notice of Dissolution of Group
Not Applicable  

 

Item 10. Certification

By signing below, each of D. E. Shaw & Co., L.L.C., D. E. Shaw & Co., L.P., and David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above 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.

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete, and correct. Powers of Attorney, dated March 1, 2017, granted by David E. Shaw in favor of Nathan Thomas, are attached hereto.

 

Dated: February 22, 2024

 

 

 

  D. E. Shaw & Co., L.L.C.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Authorized Signatory

 

 

  D. E. Shaw & Co., L.P.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Chief Compliance Officer

 

 

  David E. Shaw
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Attorney-in-Fact for David E. Shaw