Vivid Seats selling stockholder offers 23.6M shares at $6.50; company repurchases 2M shares

Vivid Seats Inc.

Selling stockholder sold 20.5M shares (plus underwriter option exercised for 3.075M) at public offering price of $6.50/share.
Company repurchased 2M shares from underwriters at $6.24/share using cash on hand; company received no proceeds from selling stockholder's sale.
Offering closed December 12, 2023; total shares sold 23.575M (including repurchase and option).
Indemnification provisions and customary representations in underwriting agreement.

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