No material trading signal. This filing is a routine replacement of an S-1 with an S-3 for administrative convenience. Monitor the company's 10-K for fiscal year ended March 31, 2026 (filed same day) for actual financial performance and guidance.
Price Chart
Executive Summary
Lionsgate Studios Corp. filed an S-3 registration statement to replace its prior S-1, registering 157,869 common shares issuable upon exercise of stock options and SARs held by former employees of the pre-separation Lions Gate Entertainment Corp. The shares have a weighted-average exercise price of $10.69, representing a maximum aggregate offering price of ~$1.69M. This is a purely administrative filing to cover legacy equity awards from the May 2025 separation of the Studio Business from Starz — no new capital raise, no dilution to current holders, and no change to the company's financial position.
Key Financial Metrics
Key Facts
- S-3 replaces prior S-1 (File No. 333-286041) for 157,869 shares of common stock
- Shares issuable upon exercise of stock options and SARs held by former LGEC employees (not current employees or consultants of LION or STRZ)
- Weighted-average exercise price of $10.69 per share; maximum aggregate offering price of $1,687,619.61
- Proceeds from exercises will be used for general corporate purposes
- No new shares being issued to the market — only shares underlying already-outstanding equity awards from the May 2025 separation
- LION closed at $14.73 on May 26, 2026 — in-the-money by ~38% vs. weighted-average exercise price
Financial Impact
Maximum aggregate offering price of $1,687,619.61; proceeds represent exercise prices of legacy options/SARs only
Risk Factors
- If all 157,869 options/SARs are exercised at $10.69, the company receives ~$1.69M in proceeds — immaterial relative to a $3.9B market cap
- No risk of market overhang or dilution from this filing; shares are already reserved under the 2025 Plan
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3 Filing (Primary) | 0001193125-26-242186 |
| Document: d102035dex51.htm | 0001193125-26-242186 |
| Document: d102035dexfilingfees.htm | 0001193125-26-242186 |
| Document: d102035dex231.htm | 0001193125-26-242186 |
| Document: 0001193125-26-242186-index-headers.html | 0001193125-26-242186 |
| Document: 0001193125-26-242186-index.html | 0001193125-26-242186 |
| Document: 0001193125-26-242186.txt | 0001193125-26-242186 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 23, 2026 13w ago | 8-K | $13.34 $10.62 | ▼ −20.39% | ▼ −24.12% | $12.27 (−8.02%) |
Jul 22, 2026 13w ago | Press Release | $13.85 | awaiting T+60 | — | $12.27 (−11.41%) |
Jul 6, 2026 16w ago | 8-K | $13.94 $11.20 | ▼ −19.66% | ▼ −21.65% | $12.27 (−11.98%) |
Jun 8, 2026 20w ago | EFFECT | $13.52 | awaiting T+60 | — | $12.27 (−9.25%) |
Jun 1, 2026 21w ago | EFFECT | $13.86 $11.78 | ▼ −15.01% | ▼ −16.24% | $12.27 (−11.47%) |
May 27, 2026 21w ago | S-3 | $14.26 $11.51 | ▼ −19.28% | ▼ −21.02% | $12.27 (−13.96%) |
May 21, 2026 22w ago | 8-K | $14.95 $11.69 | ▼ −21.81% | ▼ −25.00% | $12.27 (−17.93%) |
Apr 15, 2026 27w ago | 8-K | $11.07 $13.29 | ▲ +20.05% | ▲ +13.01% | $12.27 (+10.84%) |
US Market Status
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