Lions Gate upsizes PIPE to $225M, revises SPAC deal consideration terms

STARZ ENTERTAINMENT CORP /CN/

PIPE increased from $175M to $225M; additional $50M subscription at $10.165/share.
Minimum aggregate transaction proceeds range set at $350M-$409.5M (previously $350M floor).
Non-redeeming SPAC shareholders to receive one-for-one Pubco shares only, no cash component.
Amendment adjusts sponsor repurchase and Class B conversion mechanics.
Transaction still subject to SEAC shareholder approval and other closing conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STARZ ENTERTAINMENT CORP /CN/ entered into Additional Subscription Agreement with an additional PIPE Investor valued at $50,000,000 (effective 2024-04-11).

Action: entry
Agreement: equity purchase
Counterparty: an additional PIPE Investor
Value: $50,000,000
Effective: 2024-04-11

Exact text from the filing

On April 11, 2024, Lionsgate, SEAC and New SEAC entered into an additional Subscription Agreement (the " Additional Subscription Agreement "), pursuant to which an additional PIPE Investor agreed to purchase from Pubco an aggregate of approximately 4,918,839 Pubco Common Shares at a purchase price of $10.165 per share, for an aggregate cash amount of $50,000,000.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STARZ ENTERTAINMENT CORP /CN/ amended Business Combination Agreement with Screaming Eagle Acquisition Corp., SEAC II Corp., SEAC MergerCo, 1455941 B.C. Unlimited Liability Company, LG Sirius Holdings ULC, and LG Orion Holdings ULC (effective 2024-04-11).

Action: amendment
Agreement: merger
Counterparty: Screaming Eagle Acquisition Corp., SEAC II Corp., SEAC MergerCo, 1455941 B.C. Unlimited Liability Company, LG Sirius Holdings ULC, and LG Orion Holdings ULC
Effective: 2024-04-11

Exact text from the filing

On April 11, 2024, the BCA Parties entered into an amendment to the Business Combination Agreement (" Amendment No. 1 ")

View on SEC.gov

419 material agreements filed in the last 30 days. Browse all material agreements →

STARZ ENTERTAINMENT CORP /CN/ filing history →

Source: SEC EDGAR

accession 0001193125-24-093920

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.