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SEAC Stockholder Settlement

800-949-0148

This official website is maintained by the Settlement Administrator supervised by Plaintiff’s Counsel in the action entitled Newman v. Sports Entertainment Acquisition Holdings LLC, et al., C.A. No. 2023-0538-LWW pending in the Court of Chancery of the State of Delaware.

SEAC Stockholder Settlement

All holders of SEAC Class A common stock who did not redeem all of their shares of SEAC Class A common stock as of the closing of the Merger, including their heirs, successors, transferees, and assigns who obtained shares by operation of law.

The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear (the “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice and Settlement Agreement for additional details.

NOTICE OF PENDENCY OF CLASS ACTION: Please be advised that your rights as a former SEAC Class A stockholder will be affected by the above-captioned stockholder class action (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) with respect to any shares of SEAC Class A common stock you held that were not redeemed as of the closing of the Merger on January 27, 2022.

NOTICE OF SETTLEMENT: Please also be advised that: (i) plaintiff Dylan Newman (“Plaintiff”), individually and on behalf of the Class (as defined below); and (ii) defendants John Collins, Eric Grubman, Natara Holloway Branch, Timothy Goodell, and Sports Entertainment Acquisition Holdings LLC (collectively, the “Defendants,” and, together with Plaintiff, the “Parties,” and each a “Party”) have reached a proposed settlement of the Action (the “Settlement”) for $12,000,000.00 (United States Dollars) in cash (the “Settlement Amount”). The proposed Settlement, if approved by the Court, will resolve all claims in the Action.

If you are a member of the Class, you are subject to the Settlement. The Class preliminarily certified by the Court solely for purposes of the Settlement consists of:

All holders of SEAC Class A common stock who did not redeem all of their shares of SEAC Class A common stock as of the closing of the Merger, including their heirs, successors, transferees, and assigns who obtained shares by operation of law, but excluding the Excluded Persons. Excluded from the Class are: Sports Entertainment Acquisition Holdings LLC, John Collins, Eric Grubman, Natara Holloway Branch, Timothy Goodell, and Chris Shumway, as well as members of their immediate families, any entity in which any of them has a controlling interest to the extent such entity held shares of SEAC Class A common stock for their benefit, their legal representatives, heirs, successors, transferees, or assigns (together, the “Excluded Persons”).

Please Note: The Class is a non “opt-out” class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2). Accordingly, Class Members do not have the right to exclude themselves from the Class.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu at the top of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Please read the Notice carefully.  If you have questions, you may call the SEAC Stockholder Settlement Help Line at 1-800-949-0148 or email info@SEACStockholderSettlement.com.

CLASS MEMBERS’ LEGAL RIGHTS IN THE SETTLEMENT:
Description Due Date

TO RECEIVE A PAYMENT FROM THE SETTLEMENT, CLASS MEMBERS MUST SUBMIT A PROOF OF CLAIM AND RELEASE NO LATER THAN OCTOBER 15, 2025.

If you are a member of the Class, you may be eligible to receive a distribution from the Settlement proceeds. Eligible Class Members must submit a Proof of Claim and Release in order to receive a distribution from the Settlement, if approved by the Court. If you are eligible for a distribution from the Settlement, it will be paid to you directly. See question 6 of the Notice for further discussion.

OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 2, 2025.

If you are a member of the Class and would like to object to the proposed Settlement, the proposed Plan of Allocation, and/or Plaintiff’s Counsel’s Fee Application, including Plaintiff’s application for a service award, you may write to the Court and explain the reasons for your objection.

ATTEND A HEARING ON SEPTEMBER 15, 2025, AT 11:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 2, 2025.

Filing a written objection and notice of intention to appear that is received by September 2, 2025 allows you to speak in Court, at the discretion of the Court, about your objection. In the Court’s discretion, the September 15, 2025 hearing may be conducted by telephone or videoconference (see question 9 of the Notice). If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.