Item 8.01. Other Events.
On January 10, 2022, Screaming Eagle Acquisition Corp. (the "Company")
consummated its initial public offering ("IPO") of 75,000,000 units (the
"Units"). Each Unit consists of one Class A ordinary share of the Company, par
value $0.0001 per share (the "Class A Ordinary Shares"), and one-third of one
redeemable warrant of the Company (each, a "Warrant"), each whole Warrant
entitling the holder thereof to purchase one Class A Ordinary Share for $11.50
per share, subject to adjustment. The Units were sold at a price of $10.00 per
Unit, generating gross proceeds to the Company of $750,000,000.
On January 10, 2022, simultaneously with the consummation of the IPO, the
Company completed the private sale (the "Private Placement") of an aggregate of
11,733,333 warrants (the "Private Placement Warrants") to Eagle Equity Partners
V, LLC at a purchase price of $1.50 per Private Placement Warrant, generating
gross proceeds to the Company of $17,600,000.
A 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 in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A. maintained
by Continental Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as of January 10, 2022 reflecting receipt of the
proceeds upon consummation of the IPO and the Private Placement has been issued
by the Company and is included as Exhibit 99.1 to this Current Report on Form
8-K.
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