Vivid Seats Announces Secondary Offering of Class A Common Stock
2023年12月7日 - 6:05AM
Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a
leading marketplace that utilizes its technology platform to
connect millions of buyers with thousands of ticket sellers across
hundreds of thousands of events each year, today announced that
Hoya Topco, LLC (the “selling stockholder”) intends to offer
18,500,000 shares of the Company’s Class A common stock (“Class A
common stock”) in a secondary underwritten public offering. The
selling stockholder also intends to grant the underwriters a 30-day
option to purchase up to an additional 2,775,000 shares of Class A
common stock. All of the shares in the proposed offering will be
sold by the selling stockholder. The Company will not receive any
proceeds from the sale of the shares by the selling stockholder.
Citigroup, Morgan Stanley and BofA Securities
are serving as joint book-running managers for the proposed
offering.
The shares are being offered pursuant to a
registration statement on Form S-1 (File No. 333-260839), including
a prospectus, that was declared effective by the Securities and
Exchange Commission (the “SEC”). The proposed offering is being
made only by means of a prospectus supplement and the accompanying
prospectus and prospectus supplements that form a part of the
registration statement. Copies of the preliminary prospectus
supplement and accompanying prospectus and prospectus supplements,
when available, may be obtained on the SEC’s website, www.sec.gov,
or from Citigroup, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717 (telephone 800-831-9146);
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New
York, New York 10014, Attn: Prospectus Department; or BofA
Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC
28255-0001, Attn: Prospectus Department or by email at
dg.prospectus_requests@bofa.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Vivid Seats
Founded in 2001, Vivid Seats is a leading online
ticket marketplace committed to becoming the ultimate partner for
connecting fans to the live events, artists, and teams they love.
Based on the belief that everyone should “Experience It Live,” the
Chicago-based company provides exceptional value by providing one
of the widest selections of events and tickets in North America and
an industry leading Vivid Seats Rewards program where all fans earn
on every purchase. Vivid Seats has been chosen as the official
ticketing partner by some of the biggest brands in the
entertainment industry including ESPN, New York Post, and the Los
Angeles Dodgers. Vivid Seats also owns Vivid Picks, a daily fantasy
sports app. Through its proprietary software and unique technology,
Vivid Seats drives the consumer and business ecosystem for live
event ticketing and enables the power of shared experiences to
unite people. Vivid Seats has been recognized by Newsweek as one of
America’s Best Companies for Customer Service in ticketing.
Caution Concerning Forward-Looking
Statements
Certain statements made in this press release
are “forward-looking statements” within the meaning of the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995, Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical fact contained
in this press release may be forward-looking statements. When used
in this press release, the words “estimates,” “projected,”
“expects,” “anticipates,” “forecasts,” “plans,” “intends,”
“believes,” “seeks,” “may,” “will,” “should,” “future,” “propose”
and variations of these words or similar expressions (or the
negative versions of such words or expressions) are intended to
identify forward-looking statements. The forward-looking statements
contained in this press release include, without limitation,
statements relating to the size, timing, terms and completion of
the proposed offering. These forward-looking statements involve a
number of known and unknown risks, uncertainties, assumptions and
other important factors, many of which are outside the Company’s
control, that could cause actual results or outcomes to differ
materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or
outcomes include, but are not limited to, risks and uncertainties
related to general market conditions and the completion of the
proposed offering on the anticipated terms, or at all, and other
risks detailed in the Company’s filings with the SEC, including its
most recent Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q. Forward-looking statements speak only as of
the date they are made, and the Company undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
Contacts:
Investors
Kate Africk, Vivid
SeatsKate.Africk@vividseats.com
Media
Julia Young, Vivid SeatsJulia.Young@vividseats.com
Vivid Seats (NASDAQ:SEAT)
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過去 株価チャート
から 9 2023 まで 9 2024