Lionsgate Takes Step Toward Spinning Studio Off As Public Company
Lionsgate has moved one step closer to spinning off its film and TV studios business in a Special Purpose Acquisition Company (SPAC) to create a separately traded public company.
Screaming Eagle Acquisition Corp., a SPAC — often referred to as a blank check company — led by SPAC sponsor Eagle Equity Partners and CEO Eli Baker in an SEC filing on Tuesday said the registration statement for the proposed merger has been declared effective by the US Securities and Exchange Commission, which should pave the way for the deal to close and Lionsgate Studios to launch as a standalone company