secwatch.observer — SEC 8-K summary
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Issuer:     Seaport Entertainment Group Inc. (SEG)
CIK:        0002009684
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001628280-24-042697
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2009684/000162828024042697/0001628280-24-042697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2009684/000162828024042697/seg-20241011.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-042697

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