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On October 14, 2021, Horizon Acquisition Corporation successfully completed its business combination with Vivid Seats, approved by the majority of Horizon stockholders. Vivid Seats will begin trading on NASDAQ under the ticker symbols 'SEAT' for common stock and 'SEATW' for warrants starting October 19, 2021. The merger marks a significant milestone for Vivid Seats, as it transitions to a public company, enhancing its capabilities in the online ticket marketplace that serves over 12 million customers across more than 200,000 events.
On October 14, 2021, Horizon Acquisition Corporation (NYSE: HZAC) shareholders overwhelmingly approved the business combination with Vivid Seats Inc., a prominent secondary ticketing marketplace. Approximately 95.5% of votes supported the merger, with closure expected on October 18, 2021, pending customary conditions. Additionally, nearly 99.9% of public warrant holders voted in favor of a warrant agreement amendment. Post-merger, Vivid Seats shares will trade on Nasdaq under the symbols SEAT and SEATW starting October 19, 2021.
Horizon Acquisition Corp. (NYSE: HZAC) announced a PIPE investment agreement with DraftKings (NASDAQ: DKNG) to support its merger with Vivid Seats. The investment, contingent on shareholder approval, involves Eldridge Industries, an affiliate of Horizon's sponsor. Stan Chia, CEO of Vivid Seats, highlighted the strategic collaboration, while Todd Boehly, Chairman of Horizon, emphasized DraftKings' role in Vivid Seats’ growth. DraftKings will have the option to sell its Vivid Seats shares back to Eldridge after a year at $9.77 per share.
Horizon Acquisition Corp (NYSE: HZAC) announced plans for a business combination with Vivid Seats Inc., expected to close on October 18, 2021, pending shareholder approval. Following the merger, Vivid Seats will list on Nasdaq under the ticker SEAT. The extraordinary general meeting for shareholder voting is scheduled for October 14, 2021. Horizon intends to delist its securities from NYSE after the transaction completion. The merger aims to enhance market presence in the online ticketing industry, supported by Vivid Seats’ strong customer service reputation.
Vivid Seats has announced that its registration statement regarding its business combination with Horizon Acquisition Corporation (HZAC) has been declared effective by the SEC. A special meeting for Horizon's shareholders is set for October 14, 2021, to approve the transaction, with a record date of September 7, 2021. Once completed, the new entity will trade on NASDAQ under the symbol SEAT. Horizon encourages shareholders to vote FOR ALL PROPOSALS in advance of the meeting.
Vivid Seats, a leading online ticket marketplace, has announced that CEO Stan Chia and CFO Lawrence Fey will conduct investor meetings at the Goldman Sachs 30th Annual Communicopia Conference on September 21, 2021. The company is poised to go public through a merger with Horizon Acquisition Corporation (NYSE: HZAC). Vivid Seats aims to connect fans with live events, boasting a strong rewards program and partnerships with major brands in entertainment. For further details, stakeholders can contact their Goldman Sachs representative or reach out via email.
Vivid Seats has announced that CEO Stan Chia and CFO Lawrence Fey will host investor meetings at Benchmark’s 8th Annual Virtual Consumer/Media/Entertainment Conference on September 9, 2021. The company is set to become publicly traded through a merger with Horizon Acquisition Corporation (NYSE: HZAC), a special purpose acquisition company. Vivid Seats, founded in 2001, connects fans with ticket sellers for live events across North America and offers a rewards program. For additional details on the merger and future expectations, refer to the SEC filings.
Vivid Seats Inc. announced key leadership changes to enhance its operations and marketing strategies. Dan Timm has been appointed Chief Operating Officer, Tyra Neal as Chief Marketing Officer, and David Morris as General Counsel, all reporting to CEO Stan Chia. These appointments come as Vivid Seats prepares for its merger with Horizon Acquisition Corporation (NYSE: HZAC), paving the way for its public listing under the ticker 'SEAT'. The company aims to strengthen its position in the live event ticketing market, leveraging the extensive experience of its new executives.
Vivid Seats announced its proposed Board of Directors ahead of its merger with Horizon Acquisition Corporation (NYSE: HZAC), expected to finalize shortly. David Donnini will be the Chairman, leading a diverse team bringing extensive experience in technology and e-commerce. The board aims to leverage its expertise for significant growth and solid positioning in the ticket marketplace. This merger, alongside a new leadership structure, signals a commitment to innovation and customer service excellence in live event ticketing.
Vivid Seats has signed a definitive agreement with Horizon Acquisition Corporation to go public. This merger positions Vivid Seats, a marketplace for live event tickets, to leverage Horizon's resources for growth. Led by CEO Stan Chia, the merged company aims to enhance customer experience through its rewards program and robust technology platform. Institutional investors have committed $225 million for Class A stock, while Horizon has $544 million in its trust account. The merger is expected to close in the second half of 2021, creating an entity with an equity valuation of around $1.95 billion.
