---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-093920"
form_type: "8-K"
ticker: "STRZ"
cik: "0000929351"
company_name: "STARZ ENTERTAINMENT CORP /CN/"
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:48:21.422385+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-093920
- form_type: 8-K
- ticker: STRZ
- cik: 0000929351
- company_name: STARZ ENTERTAINMENT CORP /CN/
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/929351/000119312524093920/0001193125-24-093920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000119312524093920/d784696d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-093920
- JSON: https://secwatch.observer/filing/0001193125-24-093920.json
- Plain text: https://secwatch.observer/filing/0001193125-24-093920.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/929351/000119312524093920/0001193125-24-093920-index.htm
- Material Agreements
  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
  source text: On April 11, 2024, the BCA Parties entered into an amendment to the Business Combination Agreement (" Amendment No. 1 ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/929351/000119312524093920/0001193125-24-093920-index.htm

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