Proxy Statement (Form DFAN14A)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

(Amendment No. )

Filed by the Registrant ☐

Filed by a Party other than the Registrant ☒

Check the appropriate box:

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Preliminary Proxy Statement

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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

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Definitive Proxy Statement

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Definitive Additional Materials

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Soliciting Material Under § 240.14a-12

CANNAE HOLDINGS, INC.

(Name of Registrant as Specified In Its Charter)

CARRONADE CAPITAL MASTER, LP CARRONADE CAPITAL MANAGEMENT, LP CARRONADE CAPITAL GP, LLC CARRONADE CAPITAL MANAGEMENT GP, LLC DAN GROPPER MONA ABOELNAGA BENJAMIN C. DUSTER, IV DENNIS A. PRIETO CHÉRIE L. SCHAIBLE

(Name of Persons(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

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No fee required

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Fee paid previously with preliminary materials

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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

Carronade Capital Master, LP ("Carronade"), together with the other participants in its solicitation, has filed a definitive proxy statement and accompanying GOLD universal proxy card with the Securities and Exchange Commission (the "SEC") to be used to solicit votes for the election of Carronade's slate of four director nominees at the 2025 annual meeting of shareholders (the "Annual Meeting") of Cannae Holdings, Inc., a Nevada corporation (the "Company"). Carronade has filed a supplement to its definitive proxy statement that includes certain additional information on the Annual Meeting.

Item 1: On November 11, 2025, Carronade posted the following material and sponsored advertisements to social media, including a video. A written transcript of and select images from the video are included below.

Video Transcript:

Bill Foley has profited handsomely from Cannae, enriching himself while your investment shrinks.

In five years, Cannae is down 37% while peers are up 192%, a negative 5.2% return since 2017, and still trading at a 35% discount.

Foley's handpicked board backed a string of costly missteps.

It's time for real change - Carronade has the plan, and the nominees, who can finally unlock Cannae's potential.

END CARD - It's time to put shareholders first. Vote GOLD.

Item 2: Also on November 11, 2025, Carronade posted the video to www.ImproveCannae.com: