Seaport Entertainment Group Announces Closing of Rights Offering
Seaport Entertainment Group Inc. (SEG)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group Inc. (NYSE American: SEG) (the “Seaport Entertainment Group,” “SEG” or “Company”) announced today the closing of its successful $175.0 million rights offering (the “Rights Offering”), which expired at 5:00 PM, New York City time, on October 10, 2024.Pursuant to the terms of the Rights Offering, 6,509,084 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”) are being purchased pursuant to the exercise of basic subscription rights, and, of the 7,575,528 additional shares of Common Stock subscribed for under the over-subscription privilege, 490,916 additional shares of Common Stock are being purchased. Overall, the Rights Offering was over-subscribed, with total demand of 14,084,612 shares.In the aggregate, the Company is issuing 7,000,000 shares of Common Stock at the subscription price of $25.00 per whole share for gross proceeds of $175.0 million to the Company. The Company expects to use the procee
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News
- INVESTIGATION NOTICE: Kaskela Law LLC Announces Stockholder Investigation of Seaport Entertainment Group Inc. (NYSE:SEG) and Encourages Investors to Contact the FirmAccesswire
- Seaport Entertainment Group Reports Third Quarter 2024 ResultsBusiness Wire
- Seaport Entertainment Group Announces Preliminary Results of Rights OfferingBusiness Wire
SEG
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- SEG's page on the SEC website