---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-043075"
form_type: "8-K"
ticker: "SEG"
cik: "0002009684"
company_name: "Seaport Entertainment Group Inc."
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:52:34.302212+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Seaport Entertainment closes $175M rights offering at $25/share, oversubscribed

## Summary
- Gross proceeds of $175M from 7,000,000 shares at $25/share; share count rises to ~12.7M.
- Rights offering oversubscribed with total demand of 14,084,612 shares; over-subscription privilege exercised.
- Pershing Square fully exercised pro rata and over-subscription rights; no backstop purchase needed.
- Proceeds to fund general operating, working capital, and other corporate purposes.
- Pershing Square gets board nomination rights and unlimited demand registration rights for ≥$25M of shares.

## SEC filing metadata
- accession: 0001628280-24-043075
- form_type: 8-K
- ticker: SEG
- cik: 0002009684
- company_name: Seaport Entertainment Group Inc.
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2009684/000162828024043075/0001628280-24-043075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2009684/000162828024043075/seg-20241017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-043075
- JSON: https://secwatch.observer/filing/0001628280-24-043075.json
- Plain text: https://secwatch.observer/filing/0001628280-24-043075.txt

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