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Stock impact report

Seaport Entertainment Group Announces Preliminary Results 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 preliminary results of its previously announced $175.0 million rights offering (the “Rights Offering”), which expired at 5:00 PM, New York City time, on October 10, 2024 (the “Expiration Date”).According to Computershare Trust Company, N.A. (the “Subscription Agent”), as of the Expiration Date, 4,651,166 basic subscription rights were exercised to purchase an aggregate of 5,895,299 shares of the Company’s common stock, par value $0.01 (“Common Stock”), and 6,847,032 additional shares of Common Stock were subscribed for under the over-subscription privilege, subject to proration.The Rights Offering was over-subscribed. Pursuant to the terms of the Rights Offering, subscription rights holders who exercised their over-subscription privilege will receive the available shares of Common Stock pro rata based on the number of shares o Show less Read more
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