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Second Activist Hits BlackLine: Fivespan Partners Discloses 5.1% Stake Just Days After Engaged Capital Deal

Just two days after BlackLine’s deal with Engaged Capital, another activist investor Fivespan Partners discloses a 5.1% stake and plans talks on board changes and strategy at the financial software company.

Second Activist Hits BlackLine: Fivespan Partners Discloses 5.1% Stake Just Days After Engaged Capital Deal
Credit: BlackLine/Nasdaq
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03/13/2026 · 3:49 PM
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