secwatch.observer — SEC 8-K summary
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Issuer:     Seaport Entertainment Group Inc. (SEG)
CIK:        0002009684
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001558370-24-014873
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seaport Entertainment reports Q3 net loss $32.5M; revenue $39.7M, down 2% YoY; completes separation and rights offering
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- Net loss attributable to common stockholders $32.5M ($5.89/sh) vs $736.2M ($133.31/sh) in Q3 2023 due to prior-year impairment.
- Total revenues $39.7M, down 1.9% from $40.5M in prior year quarter.
- Completed separation from Howard Hughes on July 31, 2024; now independent public company on NYSE American under SEG.
- Subsequent rights offering on Oct 17, 2024 raised ~$166.7M from 7M shares at $25/sh.
- Extended Live Nation programming agreement for Rooftop at Pier 17 for 5 years; signed license with The Dead Rabbit for holiday programming.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2009684/000155837024014873/0001558370-24-014873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2009684/000155837024014873/seg-20241107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014873

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