Screaming Eagle Acquisition, a new SPAC launched by former MGM Studios CEO Harry Sloan, Jeff Sagansky and Eli Baker, filed to offer 75 million units at $10 each. The founded blank-check company Spinning Eagle in February.
The new SPAC is broadly focused on media and entertainment businesses for a potential acquisition.
A Screaming Eagle unit consists of one share and one-third of a warrant, with whole warrnats redeemable for a share at $11.50.
The SPAC has applied for a Nasdaq listing under the symbol SCRMU. Goldman Sachs and Citigroup are joint book-running managers of the offering. Read more.
