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Completed · 13 May 2024SCRMU · NasdaqCIK 1893325Sponsor at IPO: Eagle Equity Partners V, LLC

Screaming Eagle Acquisition Corp.

$750MTrust raised at IPO · 9% of public shares left after its last counted vote

Merged with Lionsgate Studios Corp. (LION) · Consumer

  1. IPO5 Jan 2022
  2. Searching24 months
  3. Deal announcedAgreement signed
  4. Closed13 May 2024

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Larger than 99% of 2022’s SPAC IPOs.

    $750M raised, against a median of $115M for the 83 SPACs that priced in 2022.

  2. 02

    $10.00 in trust per unit, below the 2022 median.

    The median that year was $10.20. Above $10.00, the sponsor tops up the trust from its own private placement.

  3. 03

    91% of public shares redeemed across 2 votes.

    1 extension vote and the merger vote, counted from the SPAC’s 8-Ks. 9% of the public shares remained after the last one.

  4. 04

    Closed its merger 28 months after its IPO.

    The combined company is Lionsgate Studios Corp. (LION). Sector: Consumer.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2022 SPAC IPOs →
IPO priced
5 Jan 2022
IPO closed
10 Jan 2022
Raised
$750M1
Units sold
75,000,0002
Trust raised
$750M3
Trust per unit
$10.004
Unit
1 sh + ⅓ warrant5
Months to complete
246
Deadline before extensions
10 Jan 2024
Over-allotment
Not exercised

Each unit: “one Class A ordinary share and one-third of one redeemable warrant”

How it compares

Screaming Eagle Acquisition Corp. against the 83 SPACs that priced in 2022.

Raised
$750M
99% of 2022 SPACs are below it
2022 median: $115M
Trust per unit
$10.00
94% of 2022 SPACs are above it
2022 median: $10.20
Months to complete
24
96% of 2022 SPACs are below it
2022 median: 15
Redeemed across its votes
91%
65% of 2022 SPACs are above it
2022 median: 98%

Trust and redemptions

  1. Extension vote · 9 Apr 202457,824,777 of 75,000,000 redeemed (77%)
  2. Merger vote · 7 May 202410,147,350 of 17,175,223 redeemed (59%)

Public shares before each vote and the shares redeemed, as its 8-Ks (or the next 10-Q or 10-K) state them. Only votes whose redemptions were paid count.

Firms named in the prospectus

Company counsel

Underwriters’ counsel

Other SPACs from Eagle Equity Partners

Eagle Equity Partners’s track record →

Eagle Equity Partners has brought 6 SPACs to market since 1 January 2019, $4.2B in all: 4 completed, 1 with a deal announced, 1 searching. 4 of the 4 that reached an end completed a merger.

SPACIPORaisedStatusOutcomeMonths
Infinite Eagle Acquisition Corp.15 Jan 2026$345MSearching——
Bold Eagle Acquisition Corp.23 Oct 2024$258MDeal announced——
Screaming Eagle Acquisition Corp. This SPAC5 Jan 2022$750MCompletedLionsgate Studios Corp. (LION)28
Soaring Eagle Acquisition Corp.23 Feb 2021$1.7BCompletedGinkgo Bioworks Holdings, Inc. (DNA)7
Flying Eagle Acquisition Corp.IPO before 20215 Mar 2020$690MCompletedSkillz Inc. (SKLZ)9
Diamond Eagle Acquisition Corp. \ DEIPO before 202110 May 2019$400MCompletedDraftKings Inc. (DKNG)11

Months: from the IPO to the merger’s closing or the liquidation. SPACs are grouped by sponsor when their names, or their sponsor entities, match once the legal form and series numeral are taken off.

Peers

Other 2022 SPAC IPOs with Citigroup Global Markets Inc. as bookrunner.

SPACIPORaisedUnitStatus
Spring Valley Acquisition Corp. II12 Oct 2022$230M1 sh + ½ warrant + 1 right (1/2)Completed
Patria Latin American Opportunity Acquisition Corp.9 Mar 2022$230M1 sh + ½ warrantLiquidated
Clean Earth Acquisitions Corp.23 Feb 2022$230M1 sh + ½ warrant + 1 rightCompleted
PowerUp Acquisition Corp.17 Feb 2022$288M1 sh + ½ warrantCompleted
Jaguar Global Growth Corp I10 Feb 2022$230M1 sh + ½ warrant + 1 right (1/2)Completed

Sources

  1. PFinal prospectus: 0001193125-22-004427
  2. 1Gross proceeds: 0001193125-22-005810The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $750,000,000.
  3. 2Units sold: 0001193125-22-049961holders of the units sold in the Company’s initial public offering of 75,000,000 units completed on January 10, 2022
  4. 3Trust raised: 0001193125-22-005810A total of $750,000,000, comprised of $735,000,000 of the proceeds from the IPO (which amount includes $26,250,000 of the underwriters’ deferred discount) and $15,000,000 of the proceeds of the sale of the Private Placement Warrants, was placed
  5. 4Trust per unit: 0001193125-22-004427$750,000,000, or $862,500,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit in either case), will be deposited into a trust account located in the United States
  6. 5Unit composition: 0001193125-22-004427Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-third of one redeemable warrant.
  7. 6Months to complete: 0001193125-22-004427If we are unable to complete our initial business combination within 24 months from the closing of this offering, or 27 months from the closing of this offering if we have executed a definitive agreement

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.