Blend Labs Inc is trading 5.3% up at $1.78 after investment entities tied to Haveli and Brian Sheth disclosed a significantly larger ownership position in the company.
- An amended Schedule 13D filing shows beneficial ownership of approximately 64.2 million Class A shares, representing a roughly 22.6% stake.
- The disclosure is lifting investor sentiment as the firm solidifies its position as a major shareholder.
- Shares are also finding support from a broadly higher tech-led equity market today.