Vivid Seats terminates tax agreement, eliminates dual-class structure
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Vivid Seats Announces Termination of Tax Receivable Agreement and Elimination of Dual-Class Stock Structure
October 20, 2025 7:00 AM UTCCHICAGO, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (Vivid Seats), 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, today announced that it has entered into a Corporate Simplification Agreement to effect a series of transactions that will simplify its organizational structure, including by eliminating its existing dual-class, umbrella partnership C corporation (Up-C) structure and terminating its Tax Receivable Agreement (the TRA) in exchange for 403,022 shares of its Class A common stock.
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