Vivid Seats Inc. , a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, and Horizon Acquisition Corporation, a publicly traded special purpose acquisition company, announced the completion of their business combination (the “Business Combination”). The Business Combination was approved by a majority of Horizon stockholders at a special meeting held on October 14, 2021. Horizon has merged with and into Vivid Seats, with Vivid Seats as the surviving corporation. Beginning on October 19, 2021, Vivid Seats’ common stock and warrants are expected to begin trading on the NASDAQ Global Select Market under the ticker symbol “SEAT” and “SEATW”, respectively.
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“Today marks a major milestone for our company, our employees and our shareholders,” said Stan Chia, Chief Executive Officer of Vivid Seats. “Now as a public company, we remain focused on continuing to deliver exceptional value to our loyal customers and drive growth as we strive to be the leading online ticketing marketplace.”
Vivid Seats brings to NASDAQ a streamlined and high-growth business with a successful and scalable marketplace serving the concert, sports and theater markets. The Company’s marketplace supports over 12 million customers and 3,400 sellers transacting across more than 200,000 listed events.
Todd L. Boehly, Chairman and Chief Executive Officer of Horizon Acquisition Corporation, commented, “We are excited to see this merger successfully realized and congratulate Vivid Seats on this milestone. We look forward to collaborating with Vivid Seats as they continue to build their growing and highly profitable marketplace backed by an impressive technology platform and extraordinary customer base.”
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