Screaming Eagle Acquisition announces effectiveness of registration statement

Screaming Eagle Acquisition (SCRM) announced that the registration statement on Form S-4, filed by Screaming Eagle’s wholly-owned subsidiary, SEAC II Corp., relating to the previously announced business combination with Lionsgate (LGF.A, LGF.B), has been declared effective by the U.S. SEC. The extraordinary general meetings of Screaming Eagle’s shareholders and public warrant holders in connection with the Business Combination will be held on May 7. 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. As previously disclosed, on April 11, Screaming Eagle and Lionsgate entered into an additional PIPE subscription agreement for $50M, bringing the total committed PIPE financing in connection with the Business Combination to $225M. The parties anticipate that the Business Combination will close in early May, subject to satisfaction of the conditions to the closing of the Business Combination.