scoobey-do
6 hours ago
Lights, camera, SPACtion: Lionsgate Studios to premiere on markets in a $4.7 billion deal - May 8, 2024
Screaming Eagle Acquisition (SCRM) shareholders voted on the SPAC’s proposed merger with Lionsgate Studios, the studio business of Lions Gate Entertainment (NYSE: LGF/A), on Tuesday, May 7. The merger values Lionsgate Studios at an enterprise value of $4.7 billion and, if approved, the combined company will trade under the ticker “LION”. While de-SPACs over the past 12 months have averaged a -59% return, Lionsgate Studios stands out for its multi-billion dollar valuation, scale ($2.9B in sales), and public parent. Screaming Eagle Acquisition’s stock finished at $11.44 on Tuesday, May 7.
It’s unusual for a public company to list its primary business via SPAC, particularly since the new company is set to have roughly the same value as the parent does now, though management clearly believes it can unlock value by listing the stronger studio business separately from the weaker media networks unit (Starz), while using SPAC and PIPE proceeds to pay down its high debt.
Transaction Details
In December 2023, Screaming Eagle Acquisition and Lionsgate Studios announced their business combination in a deal that valued Lionsgate Studios at...
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https: /www.renaissancecapital.com/IPO-Center/News/104581/Lights-camera-SPACtion-Lionsgate-Studios-to-premiere-on-markets-in-a-$4.7-billion-deal (Please remove the space after https:)
Ecomike
9 hours ago
5 weeks I posted this:
In case you all missed the foot notes tweet **late yesterday on SAPX** (The stock that was making block buster Hollywood movies in the 1990s, and later fell to OTC markets, and got saved and brought back from the dead during the pandemic in late 2021...
The **pending PR of PR's Movie, etc deal** we have been waiting for, that we all know from a week old tweet will be a dual ticker PR, we know from the tweet late yesterday, that the Monster Hollywood Movie company **LionsGate is in fact the other company SAPX is waiting for to approve the final Dual Ticker PR language**.
I was right!
**Once** the slow AF Lawyers (it is their job, to protect LionsGate) on NYSE world at LionsGate **are done and approve the final PR Language**, we are looking at an easy 10-20 bagger monster run based on my experience.
The Movie plan SAPX PR'd in Late December, last year near the holidays showed up on the Reddit site, r/Movies that has about 36 Million readers... **Think about that**
**When the next PR shows LionsGate is involved in a deal with SAPX, **(also watch for dual 8-K filings, IMO) **the firm that built 2 Billion dollars of Movie Making Infrastructure near the SAPX studio in Atlanta Georgia the last 2 years,**
OTC is going to WallStreet Bets APE over the whole story and plans for SAPX... The writing is on the walls now.
I will be loading a second boat load with shares myself next week.
This is as real as real gets. @everyone
Ecomike
9 hours ago
SAPX cost to Borrow for shorts jumped about 2500% this week.
Seems folks took my advise to put every share they own up for sale at the highest prices the brokers allow, Like Schwab at $20/share.
HINT!!!!!! You folks should try that on your other stocks.
Retail in 3 others stocks I am in did this and put the hurt on the shorts, big time
We know now it is a key thing for stopping the shorts, or limiting their aggressive behavior.
**It is kind of like wearing a con-dom, for protection.**
Protect your shares from Hedge funds out to destroy stock value, by printing fake naked short shares, that destroy investor faith for profit. They never buy the shares back if they succeed in destroying the stock... and share price... Latest SEC report says they have screwed investors and retirement funds out of trillions of dollars doing this since the mid 1980s.
All it takes is GTC Good Till Canceled sell orders at the highest price the broker you use allows
Have a great day folks
Ecomike
2 days ago
The next SEC charges will be about hedge fund broker dealer indictments for printing naked short shares using the illegal DTCC Back door, the SEC recently discovered and disclosed, that the SEC blindly missed for 40 years (according the SEC's own admission 8 months ago in scathing detail forensic analysis..), and indictment of Hedge fund Boiler room basher teams, paid to bash stocks, the hedge funds need to buy back.
All retail here at SAPX needs to do is lock up their shares with GTC Good Till Cancelled orders at the highest price their Broker dealer allows, and watch the hedge fund shorts freak out as the Cost To Borrow explodes and goes way higher. Many have done this recently with their SAPX shares and the Cost To Borrow is already 3000%
shoondale
4 days ago
SEC Charges Rhode Island Stock Promoter with Microcap Fraud
https://www.sec.gov/litigation/litreleases/lr-25993
The companies in question are SOLY, CNSP, EBET, VLCN, TOBAF
The Securities and Exchange Commission today announced charges against Cranston, Rhode Island resident Ahmed Alomari and MCM Consulting, the entity Alomari controls, for fraud and other securities law violations related to their promotion of the stocks of at least five microcap issuers.
The SEC alleges that from at least March 2019 and continuing to February 2022, Alomari used such outlets as Twitter, Instagram, Facebook, investor chatrooms, and text blasts to promote these microcap stocks without disclosing the source or amount of compensation he received from, or on behalf of, the issuers for his promotion of their stocks. The SEC further alleges that Alomari personally invested in some of these issuers' securities, then surreptitiously sold the stocks while publicly recommending that investors buy them. This conduct included two initial public offerings in which Alomari allegedly invested and quickly sold all his shares for at least $1.4 million in profits. According to the SEC's complaint, Alomari also was able to publicly sell shares he had earned from his promotional services based on false representation letters confirming that the shares were available for public trading. The SEC alleges that Alomari directed his wife, whom he named as the sole officer of MCM Consulting, to sign the false representation letters.
The SEC's complaint, filed in the U.S. District Court for the District of Rhode Island, charges Alomari and MCM Consulting with violating the anti-fraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, the anti-touting provisions of Section 17(b) of the Securities Act, which prohibit promotion of a security without disclosure of compensation received for the promotional activity, and the registration provisions of Section 5(a) and (c) of the Securities Act. The SEC's complaint additionally charges Alomari with violating Section 20(b) of the Exchange Act by violating the anti-fraud provisions through or by means of his wife. The complaint seeks, as to both Alomari and MCM Consulting, permanent injunctions from violating the charged provisions of the federal securities laws, disgorgement, prejudgment interest, civil monetary penalties, and a penny stock bar. The complaint also seeks a bar against Alomari from acting as an officer or director of a public company.
The SEC's case is being handled by Richard Harper, Jeffrey Cook, Alexandra Lavin, Jonathan Menitove, Ryan Murphy, and Celia Moore of the SEC's Boston Regional Office.
Ecomike
5 days ago
It is important because it is one of the reasons we are waiting for further updates on SAPX, aka, SAPX is waiting for those LionsGate et al changes, which should be obvious to everyone now?
We were lucky we were able to get what news we have already gotten, as 8 Million dollars of revenue with an NYSE Monster company in the SAPX business makes us 100% not a shell, and 100% credible now..
Hats off to JB and his team for pulling it off, and sticking with it, and never giving up...
Ecomike
6 days ago
This week news to watch, related to SAPX, shows part of the time delays:
https://www.prnewswire.com/news-releases/screaming-eagle-announces-effectiveness-of-registration-statement-for-proposed-business-combination-302118750.html
Screaming Eagle Announces Effectiveness of Registration Statement for Proposed Business Combination
News provided by
Screaming Eagle Acquisition Corp.
Apr 16, 2024, 18:25 ET
PIPE Upsized to $225M as part of Launch of Lionsgate Studios
Extraordinary General Meetings Scheduled for May 7, 2024
LOS ANGELES, April 16, 2024 /PRNewswire/ -- Screaming Eagle Acquisition Corp. ("Screaming Eagle") (Nasdaq: SCRM, SCRMU, SCRMW) announced today that the registration statement on Form S-4 (File No. 333-276414) (as amended, the "Registration Statement"), filed by Screaming Eagle's wholly-owned subsidiary, SEAC II Corp. ("Pubco"), relating to the previously announced business combination with Lionsgate (NYSE: LGF.A, LGF.B) (the "Business Combination"), has been declared effective by the U.S. Securities and Exchange Commission ("SEC"). The extraordinary general meetings of Screaming Eagle's shareholders and public warrant holders in connection with the Business Combination (the "Extraordinary General Meetings") will be held on May 7, 2024. The proxy statement/prospectus relating to the Extraordinary General Meetings will be mailed to Screaming Eagle's shareholders and public warrant holders of record as of the close of business on April 16, 2024 (the "Record Date").
As previously disclosed, on April 11, 2024, Screaming Eagle and Lionsgate entered into an additional PIPE subscription agreement for $50 million, bringing the total committed PIPE financing in connection with the Business Combination to $225 million.
he parties anticipate that the Business Combination will close in early May, subject to satisfaction of the conditions to the closing of the Business Combination.
About Screaming Eagle
Screaming Eagle Acquisition Corp. is a special purpose acquisition company established for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Screaming Eagle's sponsor is Eagle Equity Partners V, LLC, of which Harry Sloan, Jeff Sagansky and Eli Baker are Managing Members who have together sponsored seven prior SPAC transactions. Screaming Eagle's management team has extensive experience in identifying and executing strategic investments globally and has done so successfully in a number of sectors, including TMT.
Additional Information about the Business Combination and Where to Find It
In connection with the Business Combination, Pubco filed the Registration Statement with the SEC, which includes a proxy statement/prospectus that is both the proxy statement of Screaming Eagle and a prospectus of Pubco relating to the shares to be issued in connection with the Business Combination. The Registration Statement was declared effective by the SEC on April 16, 2024. Screaming Eagle will mail the definitive proxy statement/prospectus relating to the Business Combination to its shareholders and public warrant holders as of the Record Date. The definitive proxy statement contains important information about the Business Combination and the other matters to be voted upon at Extraordinary General Meetings. This communication does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. Screaming Eagle, Pubco and Lionsgate may also file other documents with the SEC regarding the Business Combination. Screaming Eagle's shareholders, public warrant holders and other interested persons are advised to read the definitive proxy statement/prospectus and any other documents filed in connection with the Business Combination, as these materials may contain important information about Screaming Eagle, Pubco, Lionsgate, and the Business Combination.
Screaming Eagle, Lionsgate, Pubco and their respective directors and officers may be deemed participants in the solicitation of proxies of Screaming Eagle shareholders and public warrant holders in connection with the Business Combination. More detailed information regarding the directors and officers of Screaming Eagle, and a description of their interests in Screaming Eagle, is contained in the definitive proxy statement/prospectus, and is available free of charge at the SEC's website at www.sec.gov. Additionally, information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Screaming Eagle's shareholders and public warrant holders in connection with the Business Combination and other matters to be voted upon at the Screaming Eagle Business Combination Meetings are set forth in the definitive proxy statement/prospectus.
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