secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001193125-24-139373
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lionsgate Studios launches as public co on NASDAQ (LION); $4.6B EV, $350M raised
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- Lionsgate Studios begins trading May 14 on NASDAQ under ticker LION; enterprise value $4.6B.
- Transaction raised $350 million in gross proceeds from leading investors.
- Lionsgate retains 87.2% ownership; former Screaming Eagle holders own ~12.8%.
- Full separation of Studio and STARZ businesses expected by end of calendar 2024.
- PIPE investment increased to $274.3 million via additional subscription agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000119312524139373/0001193125-24-139373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000119312524139373/d811370d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-139373

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer