お知らせ • May 25
Screaming Eagle Acquisition Corp. Files Form 15 Screaming Eagle Acquisition Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant; Class A ordinary shares, par value $0.0001 per share; Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share under the Securities Exchange Act of 1934, as amended. お知らせ • May 15
Screaming Eagle Acquisition Corp.(NasdaqGM:SCRM) dropped from NASDAQ Composite Index Screaming Eagle Acquisition Corp. has been dropped from NASDAQ Composite Index (^COMP) . Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$12.52, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 20x in the Capital Markets industry in the US. Total returns to shareholders of 22% over the past year. Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. CEO & Director Eli Baker is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. お知らせ • Dec 22
Studio Business of Lions Gate Entertainment Corp. (NYSE : LGF.A) entered into an agreement to acquire Screaming Eagle Acquisition Corp. (NasdaqGM:SCRM) for $2.6 billion in a reverse merger transaction. Studio Business of Lions Gate Entertainment Corp. (NYSE : LGF.A) entered into an agreement to acquire Screaming Eagle Acquisition Corp. (NasdaqGM:SCRM) for $2.6 billion in a reverse merger transaction on December 22, 2023. As part of transaction, consideration share paid equivalent to $2.677 billion at share price of $10.7, and assumed Lionsgate Studio net debt of $1.748 billion. Upon closing of the transaction, it is expected that Lionsgate shareholders will indirectly own an approximately 87.3% stake in Lionsgate Studios, while Screaming Eagle public shareholders, founders and PIPE investors will own approximately 5.7%, 0.7% and 6.3% of Lionsgate Studios, respectively. The resulting issue will be launched as Lionsgate Studios Corp. (“Lionsgate Studios”). Common shares of Lionsgate Studios will trade separately from Lionsgate’s Class A (LGF.A) and Class B (LGF.B) common shares as a single class of stock.
Screaming Eagle founders and independent directors will collectively forfeit approximately 14.5 million of their founder shares and will retain approximately 2.0 million common shares upfront and Screaming Eagle founders will be entitled to receive an additional 2.2 million common shares if the trading price of Lionsgate Studios common shares increases 50% from $10.70. In connection with the transaction, the Screaming Eagle founders will forfeit all of their Screaming Eagle private placement warrants. The transaction is subject to certain closing conditions, including regulatory approvals and approval from the shareholders and public warrant holders of Screaming Eagle, and is expected to close in the spring of 2024. Net proceeds from the transaction will be used to enhance Lionsgate’s balance sheet and facilitate strategic initiatives including the eOne acquisition which is scheduled to close by calendar year end.
Morgan Stanley & Co. LLC (“Morgan Stanley”) is acting as financial advisor to Lionsgate. Citigroup Global Markets Inc. (“Citigroup”) is acting as financial advisor to Screaming Eagle. Citigroup and Morgan Stanley are acting as co-placement agents for Screaming Eagle with respect to the common equity financing. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Lionsgate and Denton’s Canada LLP is acting as legal advisor to Lionsgate in Canada. White & Case LLP is acting as legal advisor to Screaming Eagle and Goodmans LLP is acting as legal advisor to Screaming Eagle in Canada. Davis Polk & Wardwell LLP is acting as legal advisor to Citigroup and Morgan Stanley in connection with their roles as co-placement agents.