Screaming Eagle Acquisition Corp. announced the pricing of its $750 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SCRMU” Thursday, January 6.
The new SPAC intends to combine with a media or entertainment business in international markets that have multiple, diverse potential drivers of revenue and/or earnings growth. The Company’s sponsor is Eagle Equity Partners V, LLC, of which Harry Sloan, Jeff Sagansky and Eli Baker are Managing Members. Harry E. Sloan, who co-led seven prior public acquisition vehicles with Mr. Sagansky, is the Chairman of the Company. Joining Mr. Sloan in the management of the Company is Eli Baker, the Chief Executive Officer, who served as President, Chief Financial Officer and Secretary of four of Mr. Sagansky’s prior public acquisition vehicles, Vice President, General Counsel and Secretary of another of Mr. Sagansky’s prior public acquisition vehicles and as a director of another of Mr. Sagansky’s prior public acquisition vehicles. Ryan O’Connor is joining Mr. Sloan and Mr. Baker in the management of the Company as the Vice President of Finance.
Total SPAC deal count for 2022 year-to-date is now 2. This offering is expected to close on Monday, January 10.
Goldman Sachs & Co. LLC and Citigroup are acting as the representatives of the underwriters for the offering. White & Case LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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