secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K
Filed at:   2021-10-22T23:59:59+00:00
Accession:  0001193125-21-305506
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats completes de-SPAC merger with Horizon, raising $443.7M PIPE
-----------------------------------------------------------------------

- Horizon merged into Vivid Seats; former Horizon public stockholders own ~7.1% of combined company.
- PIPE investors purchased 47.5M Class A shares for ~$443.7M, representing 5.6% of voting power.
- Hoya Topco holds ~60.6% of outstanding common stock via Class B shares; Horizon Sponsor holds 26.7%.
- New board of directors appointed, including Stanley Chia, Julie Masino, Jane DeFlorio, and others.
- Amended charter authorizes 500M Class A, 250M Class B, 50M preferred shares; one vote per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000119312521305506/0001193125-21-305506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000119312521305506/d216055d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-305506

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer