Vivid Seats Inc. Warrant - SEATW STOCK NEWS

Vivid Seats and Rolling Stone have announced a multi-faceted partnership, enhancing ticket access for readers through Vivid Seats’ platform. As the official ticketing partner, Vivid Seats will integrate its services into Rolling Stone’s digital platforms, offering a personalized ticket-buying experience.

The partnership includes exclusive live events such as after-parties for loyalty members and digital content. Celebrating Rolling Stone Live at Lollapalooza marks their 10th annual event, promising A-list performances. This collaboration strengthens Vivid Seats’ portfolio alongside other major partners like ESPN.

Vivid Seats Inc. (NASDAQ:SEAT) will announce its Q2 2022 financial results on August 9, 2022, prior to the opening of U.S. markets. A management discussion will follow via webcast at 8:30 a.m. ET. Vivid Seats is a prominent online ticket marketplace that connects buyers with sellers across numerous events each year. The company is recognized for its extensive selection of tickets and a rewarding customer experience through the Vivid Seats Rewards program. Vivid Seats aims to enhance live event experiences for fans.

On July 14, 2022, Vivid Seats (NASDAQ: SEAT) released an analysis highlighting the most in-demand boy bands of the past decade. The Backstreet Boys topped the concert ticket sales in 2022, while BTS emerged as the most in-demand band over ten years, commanding an average ticket price of $330. Vivid Seats ranked the top venues and states for boy band concerts, with California leading in ticket spending per capita. This report underscores the shifting popularity among boy bands, showcasing varying fan bases and ticket price trends.

Vivid Seats Inc. (NASDAQ: SEAT) has completed its exchange offer for outstanding public warrants for Class A common stock. This initiative seeks to enhance liquidity and provide flexibility for shareholders. Evercore Group served as the Dealer Manager for this transaction. The exchange offer was conducted in accordance with the company’s Schedule TO and other related documents. Vivid Seats is recognized for its extensive ticket marketplace and customer service, having partnered with major brands and earning accolades for its platform.

Vivid Seats Inc. (NASDAQ: SEAT) announced the expiration of its exchange offer and consent solicitation for public warrants on June 29, 2022. Approximately 62.7% of the outstanding public warrants were tendered. The company planned to accept all validly tendered warrants by July 5, 2022. However, the proposed warrant amendment, requiring a 65% approval, did not pass as only 62.7% consented. Additionally, the SEC declared effective Vivid Seats’ registration statement for Class A Common Stock on June 28, 2022.

Vivid Seats Inc. (NASDAQ: SEAT) will join the Russell 2000® and Russell 3000® Indexes effective June 27, 2022. This decision follows the annual reconstitution of the Russell indexes, which ranks the top 4,000 U.S. stocks by market capitalization. CEO Stan Chia expressed satisfaction with the investor interest since going public in October 2021, viewing this index inclusion as a significant milestone. Russell indexes are pivotal for investment managers, with around $12 trillion in assets benchmarked against them.

Vivid Seats has released data revealing the top country music artists and venues in the U.S. Miranda Lambert leads as the most popular female artist in 27 states, while Garth Brooks tops the male artist list in 18 states. Tennessee was identified as the best state for live country music. The top five venues include Houston's NRG Stadium, the Grand Ole Opry, and Red Rocks Amphitheatre. The report highlights the vibrant country music scene and Vivid Seats' role in connecting fans with live events.

Vivid Seats Inc. (NASDAQ: SEAT) will present at William Blair’s 2022 Growth Conference on June 8, 2022, at 4:20 p.m. ET. CEO Stan Chia and CFO Lawrence Fey will represent the company, which connects buyers and ticket sellers for numerous events annually. A live webcast of the presentation will be available on the Vivid Seats Investor Relations website. Established in 2001, Vivid Seats is a leading online ticket marketplace, known for its extensive event selection and customer service, honored by Newsweek as one of America's Best Companies for Customer Service in ticketing.

Vivid Seats Inc. (NASDAQ: SEAT) has initiated an exchange offer for its public warrants, aiming to simplify its capital structure and reduce dilution. Each warrant can be exchanged for 0.240 shares of Class A common stock, totaling up to 4,351,864 shares. Concurrently, the company is soliciting consent to amend the warrant agreement for a lower conversion rate of 0.213 shares per warrant. Additionally, Vivid Seats plans a share repurchase program of up to $40 million, funded through operational cash, signaling confidence in its future cash flow.