secwatch.observer — SEC 8-K summary
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Issuer:     Lionsgate Studios Corp. (—)
CIK:        0002006191
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001193125-24-137722
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 9.01, 4.01, 3.03, 5.01, 5.02, 5.03, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Lionsgate Studios completes business combination with SEAC; begins trading as LION
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2006191/000119312524137722/0001193125-24-137722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2006191/000119312524137722/d770180d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-137722

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