secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Entertainment Corp. (MSGE)
CIK:        0001952073
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001193125-23-240479
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sphere Entertainment Group exits MSGE stake via 8.2M share secondary; MSGE buys back 1.6M shares for $50M
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- Sphere Entertainment Group sold 8,221,188 shares of MSGE Class A stock at $32.50/share, including full underwriter option exercise.
- MSGE repurchased 1,602,564 shares from underwriters at $31.20/share (aggregate ~$50 million).
- Selling stockholder (Sphere Entertainment Group) now holds 0% of MSGE Class A common stock, down from ~19.3% pre-offering.
- Company received no proceeds from the secondary sale; all proceeds went to the selling stockholder.
- Offer was registered on Form S-1 (File 333-274555) declared effective September 19, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1952073/000119312523240479/0001193125-23-240479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1952073/000119312523240479/d553704d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-240479

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