Screaming Eagle secures non-redemption pacts for ~$20M shares; warrant support hits 50.09% threshold

Screaming Eagle Acquisition Corp.

SEAC entered non-redemption agreements with investors to purchase ~$20M of SEAC Class A shares at up to redemption price; they agree not to redeem or vote for proposals.
In exchange, investors get 0.0526 additional shares per purchase commitment share at $0.0001 each, issued before merger.
StudioCo secured additional 5.90% warrant support, raising total to 50.09% of SEAC Public Warrants backing warrant amendment (exchange each warrant for $0.50 cash).
The warrant amendment vote is expected to pass, removing a key condition for closing the Lionsgate business combination.

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

Screaming Eagle Acquisition Corp. entered into Non-Redemption Agreements with Non-Redemption Investors valued at approximately $20 million (effective 2024-04-24).

Action: entry
Counterparty: Non-Redemption Investors
Value: approximately $20 million
Effective: 2024-04-24

Exact text from the filing

On April 24, 2024, SEAC and Pubco entered into share purchase and non-redemption agreements (the "Non-Redemption Agreements") with the Non-Redemption Investors. Pursuant to the Non-Redemption Agreements, among other things, the Non-Redemption Investors agreed to: (i) certify that they had purchased an aggregate of approximately $20 million of Class A ordinary shares

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

Source: SEC EDGAR

accession 0001193125-24-108586

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