Eldridge Industries Amends Passive Stake in Vivid Seats (SC 13G/A)

TL;DR

**Eldridge Industries still holds Vivid Seats stock, signaling continued institutional interest.**

AI Summary

Eldridge Industries, LLC, a Delaware-based investment firm, has filed an amendment to its Schedule 13G, indicating its passive ownership in Vivid Seats Inc. as of December 31, 2023. This filing, an SC 13G/A, updates previous disclosures and confirms Eldridge Industries' continued interest in the Class A Common Stock of Vivid Seats. For investors, this means a significant institutional holder remains invested, potentially signaling confidence in the company's long-term prospects, though the specific percentage of ownership is not detailed in the provided excerpt.

Why It Matters

This filing confirms Eldridge Industries, LLC's continued passive investment in Vivid Seats, which can be a positive signal for current and prospective shareholders, indicating institutional confidence.

Risk Assessment

Risk Level: low — This is a routine amendment to a passive ownership filing and does not indicate any immediate risk or significant change in investment strategy.

Analyst Insight

Investors should note the continued institutional presence of Eldridge Industries, LLC in Vivid Seats, which may offer a degree of stability, but should not interpret this passive filing as an immediate catalyst for price movement.

Key Players & Entities

• Eldridge Industries, LLC (company) — Reporting Person, an investment firm based in Delaware
• Vivid Seats Inc. (company) — Subject Company, an online ticket marketplace
• HORIZON SPONSOR, LLC (company) — Group Member
• POST PORTFOLIO TRUST, LLC (company) — Group Member
• SBT INVESTORS, LLC (company) — Group Member
• TODD L. BOEHLY (person) — Group Member
• December 31, 2023 (date) — Date of Event Which Requires Filing of this Statement

Forward-Looking Statements

• Eldridge Industries, LLC will maintain a passive investment strategy in Vivid Seats Inc. for the foreseeable future. (Eldridge Industries, LLC) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $11.50 — g (a) 6,519,791 warrants exercisable at $11.50 (the “Private Placement Warrants&
• $10.00 — 34,000,000 warrants exercisable 50% at $10.00 per share and 50% at $15.00 per share (
• $15.00 — able 50% at $10.00 per share and 50% at $15.00 per share (the “Public Warrants,&

Filing Documents

• tm244259d1_sc13ga.htm (SC 13G/A) — 93KB
• 0001104659-24-007329.txt ( ) — 95KB

(a)

Item 1(a). Name of Issuer: Vivid Seats Inc. (the “Issuer”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 111 N. Canal St., Suite 800 Chicago, IL 60606

(a)

Item 2(a). Names of Persons Filing: This statement is filed by the entities and persons listed below, each of whom is referred to herein as a “Reporting Person” and together as the “Reporting Persons”: 1. Eldridge Industries, LLC 2. Todd L. Boehly 3. Horizon Sponsor, LLC 4. Post Portfolio Trust, LLC 5. SBT Investors, LLC

(b)

Item 2(b). Address of the Principal Business Office or, if None, Residence: 600 Steamboat Road Greenwich, CT 06830

(c)

Item 2(c). Citizenship: See responses to Item 4 on each cover page.

(d)

Item 2(d). Title of Class of Securities: Class A Common Stock

(e)

Item 2(e). CUSIP Number: 92854T100 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n): Not Applicable. Item 4. (a)Amount beneficially owned: See response to Item 9 on each cover page. (b)Percent of Class: See response to Item 11 on each cover page. (c)Number of shares as to which the Reporting Person has: (i)Sole power to vote or to direct the vote: See responses to Item 5 on each cover page. (ii)Shared power to vote or to direct the vote: See responses to Item 6 on each cover page. (iii)Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page. (iv)Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page. The reported securities are held as follows: · Horizon Sponsor, LLC directly holds 16,789,999 Class A Shares, 6,519,791 Private Placement Warrants and 34,000,000 Public Warrants. · Post Portfolio Trust, LLC directly holds 24,552,096 Class A Shares. · Eldridge Industries, LLC indirectly holds 2,500,000 Class A Shares through a subsidiary, Parkville Portfolio Trust, LLC. · SBT Investors, LLC directly holds 10,101,009 Class A Shares and indirectly holds 36,442 Class A Shares through a subsidiary, WWB Holdings, LLC. · Todd L. Boehly directly holds 27,857 Class A Shares. Horizon Sponsor, LLC and Post Portfolio Trust, LLC are each indirectly controlled by Eldridge Industries, LLC (“Eldridge”). SBT Investors, LLC is the majority owner and controlling member of Eldridge and Todd L. Boehly is the indirect majority and controlling member of SBT Investors, LLC. In such capacity, each of the foregoing may be deemed to have voting and dispositive power over the reported securities held by the entity for which it directly or indirectly exercises control. T he filing of this Statement shall not be construed as an admissi

View Full Filing

View this SC 13G/A filing on SEC EDGAR