EX-99.3 4 tm246565d1_ex99-3.htm EXHIBIT 99.3

 

Exhibit 99.3

 

Snowball Compounding Ltd.

c/o Synergy, Suite 22

Anas Ibn Malik Road, AlMalqa Dist.

Riyadh 13521 Saudi Arabia

T. +966 11 222 2210

 

SENT VIA EMAIL

 

The Children’s Place, Inc.

500 Plaza Drive

Secaucus, New Jersey 07094

Attn: Board of Directors

 

 

 

 

February 14, 2024

 

Re:Meeting Regarding Governance and Liquidity

 

Dear Members of the Board of Directors:

 

We write to you as the holders of approximately 54% of the outstanding common stock of The Children’s Place, Inc. (the “Company”), having also submitted to you on February 10, 2024, a notice of nomination of eleven new candidates for election to the board of directors of the Company.  In the interests of all of the Company’s stakeholders, we would like to meet with you as soon as possible so that we can discuss an orderly transition of the governance of the Company, as well as the provision of financing to assist the Company with its liquidity needs.  We look forward to your prompt reply.

 

Sincerely,

 

Mithaq Capital SPC

 

by:/s/ Turki Saleh A. AlRajhi  

Name: Turki Saleh A. AlRajhi

Title: Director

 

Snowball Compounding Ltd.

 

By: Mithaq Capital SPC, its sole stockholder

 

by:/s/ Turki Saleh A. AlRajhi  

Name: Turki Saleh A. AlRajhi

Title: Director