Lions Gate’s Studio-SPAC Merger Solves ‘Key Issues’: Street Wrap

Lions Gate Entertainment’s move to list Lionsgate Studios as a separately traded public company through a deal with Screaming Eagle Acquisition solves a couple of “key issues” by helping with Lions Gate’s liquidity and valuation, according to Seaport. The stock is down 6.7% on Friday.

• 87.3% of the total shares of Lionsgate Studios are expected to continue to be held by Lionsgate, while Screaming Eagle public shareholders and founders and common equity financing investors are expected to own an aggregate of approximately 12.7% of the combined company
• Transaction is expected to deliver approximately $350 million of gross proceeds to ...