---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-137722"
form_type: "8-K"
ticker: null
cik: "0002006191"
company_name: "Lionsgate Studios Corp."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:24:48.741279+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lionsgate Studios completes business combination with SEAC; begins trading as LION

## Summary
- 288,681,224 common shares outstanding post-close; LION starts trading on Nasdaq May 14.
- SEAC shareholders redeemed ~$109.3M (~$10.774/share); remaining trust ~$75.7M used for deal costs and intercompany debt.
- Intercompany note: up to $1.1B revolver; assumed ~$399M term A and ~$819M term B loans from Lions Gate Parent.
- Intercompany revolver with Lions Gate subsidiary: up to $150M at SOFR + 1.75%.
- Board designees include MHR (Rachesky, Fine, Harkey), Liberty Global (Fries), and Discovery (Dogra).

## SEC filing metadata
- accession: 0001193125-24-137722
- form_type: 8-K
- cik: 0002006191
- company_name: Lionsgate Studios Corp.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 9.01, 4.01, 3.03, 5.01, 5.02, 5.03, 5.06, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2006191/000119312524137722/0001193125-24-137722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2006191/000119312524137722/d770180d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-137722
- JSON: https://secwatch.observer/filing/0001193125-24-137722.json
- Plain text: https://secwatch.observer/filing/0001193125-24-137722.txt

## Key facts
- Governance Changes
  Lionsgate Studios Corp.: LG Studios ceased to be a shell company upon consummation of the business combination (effective 2024-05-13).
  - Change: shell status
  - Effective: 2024-05-13
  source text: On May 13, 2024, as a result of the consummation of the Business Combination, which fulfilled the “business combination” requirement of SEAC’s amended and restated memorandum and articles of association, LG Studios, as a successor to SEAC, ceased to be a shell company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2006191/000119312524137722/0001193125-24-137722-index.htm
- Governance Changes
  Lionsgate Studios Corp.: New SEAC changed its fiscal year end from December 31 to March 31.
  - Change: fiscal year change
  source text: In connection with the Closing of the Business Combination, New SEAC changed its fiscal year end from December 31 to March 31, the fiscal year end of StudioCo prior to the Business Combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2006191/000119312524137722/0001193125-24-137722-index.htm
- M&A Transactions
  Lionsgate Studios Corp. completed an acquisition involving Screaming Eagle Acquisition Corp. for issuance of 288,681,224 common shares of LG Studios; approximately $75.7 million remaining in trust account plus PIPE proceeds used for expenses and debt repaym (closed 2024-05-13).
  - Action: acquisition
  - Counterparty: Screaming Eagle Acquisition Corp.
  - Consideration: issuance of 288,681,224 common shares of LG Studios; approximately $75.7 million remaining in trust account plus PIPE proceeds used for expenses and debt repaym
  - Closing: 2024-05-13
  source text: cannot guarantee the amount of dividends paid in the future, if any. -11- As of the Closing Date and following the completion of the Business Combination, there are approximately 288,681,244 shares of Pubco Common Shares issued and outstanding held of record by 93 holders. Additional information in the disclosure in the Prospectus in the section entitled “ Market
  evidence_url: https://www.sec.gov/Archives/edgar/data/2006191/000119312524137722/0001193125-24-137722-index.htm

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