Haveli group (NYSE: BLND) discloses 60.6M-share Blend Labs position
Haveli-affiliated entities and Brian N. Sheth have filed an amended Schedule 13D, disclosing their beneficial ownership of approximately 60.5 million shares of Blend Labs Class A common stock, representing about 21% of the class. This position includes shares convertible from Series A Preferred Stock and existing Class A shares. The filing also notes the expiration of a warrant to acquire over 11 million Class A shares and states that no reporting person has traded Blend Labs stock in the last 60 days, aside from the described transactions.