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Stock impact report

Lionsgate Studios to Launch Tuesday, May 14 [Yahoo! Finance]

Screaming Eagle Acquisition Corp. (SCRM) 
Company Research Source: Yahoo! Finance
Deal Raises $350 Million in Proceeds from Leading Investors SANTA MONICA, Calif. , and VANCOUVER, BC May 13, 2024 /PRNewswire/ -- Lionsgate (NYSE: LGF.A, LGF.B) today announced that Lionsgate Studios (NASDAQ: LION) will launch tomorrow, May 14 , as one of the world's largest standalone pure play, publicly-traded content companies when it begins trading as a single class of stock under the NASDAQ ticker symbol LION. Lionsgate Studios is comprised of Lionsgate's Motion Picture Group and Television Studio segments along with a 20,000-plus title film and television library. The transaction, which raised $350 million in proceeds from a group of leading investors, was enabled by a business combination with Screaming Eagle Acquisition Corp. (NASDAQ: SCRM), whose shareholders approved the deal at an extraordinary general meeting on May 7 , 2024. Screaming Eagle is a publicly-traded special purpose acquisition company established for the purpose of effecting a merger, asset acquisition, o Show less Read more
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