狮门娱乐-A美股招股说明书(2025-03-14版)

424B31d860983d424b3.htm424B3 TableofContents FiledPursuanttoRule424(b)(3)RegistrationNo.333-282630and333-282630-02 JOINTPROXYSTATEMENT/PROSPECTUS March14,2025 LionsGateEntertainmentCorp.,aBritishColumbiacorporation(“Lionsgate”or“LGEC”),LionsgateStudiosHoldingCorp.,anewlyincorporatedentityformedunderthelawsoftheProvinceofBritishColumbiaandawholly-ownedsubsidiaryofLionsgate(“NewLionsgate”),LionsgateStudiosCorp.,aBritishColumbiacorporation(“LGStudios”)andLGSiriusHoldingsULC,aBritishColumbiaunlimitedliabilitycorporation(“LGSirius”)andwhollyownedsubsidiaryofLionsgatethatownsapproximately87.8%oftheissuedandoutstandingsharesofLGStudios,haveenteredintoanarrangementagreementdatedasofJanuary29,2025,asamendedbyanamendingagreementdatedMarch12,2025(andmaybefurtheramendedfromtimetotime,the“ArrangementAgreement”). TheArrangementAgreementprovidesfortheimplementationofaplanofarrangement(the“PlanofArrangement”)thatwillresultintheseparationofthebusinessesofLGStudios,whichencompassesthemotionpictureandtelevisionstudiooperations(the“LGStudiosBusiness”),fromtheotherbusinessesofLionsgate,includingtheSTARZ-brandedpremiumsubscriptionplatforms(the“StarzBusiness”),throughaseriesoftransactions(the“Transactions”)thatwillresultinthepre-transactionshareholdersofLionsgateowningsharesintwoseparatelytradedpubliccompanies:(1)LGEC,whichwillberenamed“StarzEntertainmentCorp.”andwillhold,directlyandthroughsubsidiaries,theStarzBusiness,andwillcontinuetobeownedbyLGECshareholders(thereafterreferredtohereinas“Starz”),and(2)NewLionsgate,whichwillberenamed“LionsgateStudiosCorp.”andwillhold,directlyandthroughsubsidiaries,theLGStudiosBusiness,andwillbeownedbyLGECshareholdersandLGStudiosshareholders. InconnectionwiththecompletionoftheTransactions,amongotherthings: •LGECshareholderswillfirstreceiveinexchangeforeachoutstandingClassAvotingshareofLionsgate,withoutparvalue(“LGECClassAshares”),thattheyhold: ○One(1)NewLionsgateClassAvotingcommonshare,withoutparvalue(“NewLionsgateClassAshares”);and ○One(1)NewLionsgateClassCpreferredshare,withone-half(1/2)ofavotepershare,withoutparvalue(“NewLionsgateClassCpreferredshares”). •LGECshareholderswillfirstreceive,inexchangeforeachoutstandingClassBnon-votingshareofLionsgate,withoutparvalue(“LGECClassBshares”),thattheyhold: ○One(1)NewLionsgateClassBnon-votingcommonshare,withoutparvalue(“NewLionsgateClassBshares”);and ○One(1)NewLionsgateClassCpreferredshare. •SuchexchangetransactionsbyLGECshareholdersarecollectivelyreferredtoasthe“InitialShareExchange.” •LGECwillchangeitsnametoStarzEntertainmentCorp.andcreateanewclassofvotingcommonshares(“Starzcommonshares”). •NewLionsgatewillcreateanewclassofcommonshares,withoutparvalue(“NewLionsgatenewcommonshares”)andNewLionsgateshareholders(formerlyLGECshareholders)willreceive,inexchangeforeach: ○NewLionsgateClassAsharetheyhold,togetherwitheachNewLionsgateClassCpreferredsharetheyholdandwhichwasissuedinexchangeforanLGECClassAshareintheInitialShareExchange,oneandtwelveone-hundredths(1.12)NewLionsgatenewcommonsharesandoneandtwelveone-hundredths(1.12)Starzcommonshares;and TableofContents ○NewLionsgateClassBsharetheyhold,togetherwitheachNewLionsgateClassCpreferredsharetheyholdandwhichwasissuedinexchangeforanLGECClassBshareintheInitialShareExchange,one(1)NewLionsgatenewcommonshareandone(1)Starzcommonshare. •SuchexchangetransactionsbyLGECshareholdersarecollectivelyreferredtoasthe“SecondShareExchange.” •Asaresultofthestepsdescribedabove,eachofNewLionsgateandStarzwillhaveasingleclassof“oneshare,onevote”commonshares. •FollowingtheSecondShareExchange,theStarzcommonshareswillbeconsolidatedona15-to-1basis,suchthateveryfifteen(15)Starzcommonshareswillbeconsolidatedintoone(1)Starzcommonshare(the“ReverseStockSplit”). •LGStudiosshareholders,otherthanNewLionsgateanddissentingshareholders,willreceive,inexchangeforeachLGStudioscommonshare,withoutparvalue(“LGStudioscommonshares”),theyhold,anumberofNewLionsgatenewcommonsharesequaltotheproductoftheLGStudiosConsiderationSharesdividedbythetotalnumberofLGStudioscommonsharesissuedandoutstandingimmediatelypriortotheArrangementEffectiveTimeandheldbyLGStudiosshareholdersotherthantheLGSiriusOwnedShares(suchshares,the“LGStudiosFlipShares”andsuchratio,the“LGStudiosReorganizationRatio”).TheLGStudiosConsiderationShareswillequaltheaggregatenumberofLGStudioscommonsharesobtainedwhentheLGStudiosFlipPercentageismultipliedbythequotientof(a)theaggregatenumberofNewLionsgatenewcommonsharesissuedtoNewLionsgateshareholders(formerlyLGECshareholders)intheSecondShareExchangedividedby(b)1minustheLGStudiosFlipPercentage.TheLGStudiosFlipPercentagewillequalthequotient,expressedasapercentage,of(1)theLGStudiosFlipSharesdividedby(2)thetotalnumberofLGStudioscommonsharesissuedandoutstandingimmediatelypriortotheArrangementEffectiveTime.SuchtransactionsbyLGStudiosshareholdersarecollectivelyreferredtoasthe“LGStudiosFlip.”BecausetheLGStudiosReorganizationRatioisbasedontheaggregatenumberofNewLionsgatenewcommonsharesissuedtoNewLionsgateshareholders(formerlyLGECshareholders)intheSecondShar