---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-042697"
form_type: "8-K"
ticker: "SEG"
cik: "0002009684"
company_name: "Seaport Entertainment Group Inc."
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T15:48:25.825704+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Seaport Entertainment rights offering oversubscribed; $175M raise with Pershing Square backstop

## Summary
- 4,651,166 basic rights exercised for 5,895,299 shares at $25/share; 6,847,032 additional shares oversubscribed subject to proration.
- Pershing Square backstop fully exercised its pro rata rights; not expected to purchase extra due to oversubscription.
- Closing of rights offering expected on or about October 17, 2024, subject to customary conditions.
- Subscription price of $25.00 per share; total offering size $175.0 million.

## SEC filing metadata
- accession: 0001628280-24-042697
- form_type: 8-K
- ticker: SEG
- cik: 0002009684
- company_name: Seaport Entertainment Group Inc.
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2009684/000162828024042697/0001628280-24-042697-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2009684/000162828024042697/seg-20241011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-042697
- JSON: https://secwatch.observer/filing/0001628280-24-042697.json
- Plain text: https://secwatch.observer/filing/0001628280-24-042697.txt

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