LION Lionsgate Studios Corp.

NEUTRAL Impact: 2/10 S-3
Horizon immediate Filed May 27, 2026 Processed 7d 19h ago SEC 0001193125-26-242186
Shelf registration — potential dilution
Latest settled — T+5d
LION ▼ -5.33% at T+5d
NEUTRAL call ✗ call lost -5.33% · α vs SPY -5.65% · entry $14.26 → $13.50
Next anchor: T+20d in 12d
Currently $14.32 · +0.42% from $14.26 entry
Entry anchored
May 27, 03:59 PM ET
via Databento tick
T+1d
+0.63%
call +0.63% · α +0.39%
$14.35
settled 16d ago
T+5d
-5.33%
call -5.33% · α -5.65%
$13.50
settled 10d ago
T+20d
call — · α —
in 12d
T+60d
call — · α —
in 2mo

Price Chart

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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

Offering Size
$1.7M

Actionable Insight

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.

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

dilution

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

Exchange
NYSE
Sector
Services-Motion Picture & Video Tape Production
Analyst Consensus
75% bullish (16 analysts)

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
S-3 Filing (Primary)0001193125-26-242186
Document: d102035dex51.htm0001193125-26-242186
Document: d102035dexfilingfees.htm0001193125-26-242186
Document: d102035dex231.htm0001193125-26-242186
Document: 0001193125-26-242186-index-headers.html0001193125-26-242186
Document: 0001193125-26-242186-index.html0001193125-26-242186
Document: 0001193125-26-242186.txt0001193125-26-242186
5 reports for LION
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for LION — sortable, filterable
Type Now
Jun 8, 2026
5d ago
EFFECT
NEUTRAL ★ 2/10
$13.40 awaiting T+5awaiting T+5$14.32 (+6.91%)
Jun 1, 2026
12d ago
EFFECT
NEUTRAL ★ 3/10
$13.86 $13.40▼ −3.32%▼ −0.57%$14.32 (+3.32%)
May 27, 2026
16d ago
S-3
NEUTRAL ★ 2/10
$14.26 $13.50▼ −5.33%▼ −5.65%$14.32 (+0.42%)
May 21, 2026
22d ago
8-K
BULLISH ★ 7/10
$14.95 $13.86▼ −7.29%▼ −8.97%$14.32 (−4.21%)
Apr 15, 2026
8w ago
8-K
NEUTRAL ★ 3/10
$11.07 $11.34▲ +2.44%▲ +1.46%$14.32 (+29.36%)
Showing 5 of 5

US Market Status

Market Closed — Opens Mon (53h 15m)

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