---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-303074"
form_type: "8-K"
ticker: "STRZ"
cik: "0000929351"
company_name: "STARZ ENTERTAINMENT CORP /CN/"
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:41:43.174608+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lions Gate signs SPAC merger to spin off studio business into new public company

## Summary
- Lions Gate enters Business Combination Agreement with Screaming Eagle Acquisition Corp. to spin off its studio business.
- Current Lions Gate shareholders to indirectly hold ~87.3% of new Pubco; SPAC shareholders ~5.7%, PIPE investors ~6.3%.
- PIPE investors commit $175M at $9.63/share for ~18.2M Pubco shares; total transaction proceeds target $350M.
- Closing conditions include shareholder approval, court approval, Nasdaq listing, and eOne acquisition closing.
- Sponsor warrants exchanged for $0.50 cash; private placement warrants cancelled; lock-up and registration rights agreements included.

## SEC filing metadata
- accession: 0001193125-23-303074
- form_type: 8-K
- ticker: STRZ
- cik: 0000929351
- company_name: STARZ ENTERTAINMENT CORP /CN/
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/929351/000119312523303074/0001193125-23-303074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000119312523303074/d686095d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-303074
- JSON: https://secwatch.observer/filing/0001193125-23-303074.json
- Plain text: https://secwatch.observer/filing/0001193125-23-303074.txt

## Key facts
- Material Agreements
  STARZ ENTERTAINMENT CORP /CN/ entered into Business Combination Agreement with Screaming Eagle Acquisition Corp., SEAC II Corp., SEAC MergerCo, 1455941 B.C. Unlimited Liability Company, LG Sirius Holdings ULC, LG Orion Holdings ULC (effective 2023-12-22).
  - Action: entry
  - Agreement: merger
  - Counterparty: Screaming Eagle Acquisition Corp., SEAC II Corp., SEAC MergerCo, 1455941 B.C. Unlimited Liability Company, LG Sirius Holdings ULC, LG Orion Holdings ULC
  - Effective: 2023-12-22
  source text: As previously announced, on December 22, 2023, Lions Gate Entertainment Corp., a British Columbia corporation (the " Company "), entered into the Business Combination Agreement with Screaming Eagle Acquisition Corp., a Cayman Islands exempted company (" SEAC "), SEAC II Corp., a Cayman Islands exempted company and a wholly owned subsidiary of SEAC (" New SEAC "), SEAC MergerCo, a Cayman Islands exempted company and a wholly owned subsidiary of New SEAC (" MergerCo "), 1455941 B.C. Unlimited Liability Company, a British Columbia unlimited liability company and a wholly owned subsidiary of SEAC (" New BC Sub "), LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly owned subsidiary of the Company (" Studio HoldCo "), and LG Orion Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of Studio HoldCo (" StudioCo ," and such agreement, the " Business Combination Agreement ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/929351/000119312523303074/0001193125-23-303074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.