Sports Entertainment Acquisition Holdings $12M Settlement
If you owned Sports Entertainment Acquisition Corp. (“SEAC”) Class A common stock and did not redeem all of your shares as of the Jan. 27 2022 merger with SGHC Limited (Super Group), you could receive a pro-rata cash payment from a $12 million class action settlement. Submit your claim online or by mail no later than October 15, 2025.
Download Claim Form (PDF)Who Is Eligible?
You are part of the settlement class if you:
- Held SEAC Class A common stock and did not redeem every share as of the merger’s close on Jan. 27 2022; and
- Were either a direct holder (registered in your name) or a beneficial holder (shares held through a broker or nominee).
Heirs, successors, transferees, and assigns who obtained shares by operation of law are also included.
Potential Cash Payments
- Settlement fund: $12,000,000
- Distribution method: Pro-rata based on each claimant’s recognized losses and the number of valid claims
- Minimum payment: Claims calculated below $10 will not be paid
- Payout form: Electronic transfer or paper check
How to File a Claim
- Gather documentation (broker statements, trade confirmations, etc.) showing your SEAC holdings and transactions.
- Provide the last four digits of your Social Security number or taxpayer ID.
- Submit the claim by Oct. 15 2025:
- File online, or
- Mail the completed PDF to:
SEAC Stockholder Settlement
c/o A.B. Data Ltd.
P.O. Box 173046
Milwaukee, WI 53217
Important Dates
- Fairness hearing: Sept. 15 2025
- Claim deadline: Oct. 15 2025
- Payment timeline: Disbursements begin after the court grants final approval and any appeals are resolved.
Settlement Breakdown
- Administration costs: up to $500,000
- Attorneys’ fees & expenses: up to $2,400,000
- Class representative award: up to $5,000
- Net fund to class members: remainder of the $12 million
Why Is There a Settlement?
Plaintiffs alleged SEAC and its directors issued false and misleading statements about the Super Group merger, depriving investors of material information needed to decide whether to redeem shares. Claims included breach of fiduciary duty and unjust enrichment. Defendants deny wrongdoing but agreed to settle to avoid further litigation costs and uncertainty.
Frequently Asked Questions
What is the Sports Entertainment Acquisition Holdings $12M Settlement about?
The settlement resolves claims that SEAC’s disclosures about its merger with Super Group were misleading, allegedly harming shareholders who kept their stock.
How much money will I receive?
Payments are pro-rata from the net settlement fund and depend on your trading history and the total number of valid claims. Individual awards will vary.
Do I need proof to file a Sports Entertainment Acquisition Holdings claim?
Yes. Supporting documents showing your SEAC holdings and trades, plus the last four digits of your SSN or TIN, are required.
Can I submit my claim online?
Yes. File electronically at the settlement website before the October 15 2025 deadline.
When will payments be sent?
After the court approves the settlement on or after September 15 2025 and any appeals conclude, the administrator will issue payments.
Who is the settlement administrator?
A.B. Data Ltd. handles claims and questions. Email info@SEACStockholderSettlement.com or call 800-949-0148.