Seaport Entertainment Group Inc. 8-K

What Happened Seaport Entertainment Group Inc. (through its subsidiary 250 Seaport District, LLC) announced a Second Amendment dated January 28, 2026 to the Purchase and Sale Agreement for the mixed‑use project at 250 Water Street. The Amendment sets the Closing Date as February 5, 2026, fixes the sale price at $143.0 million (subject to apportionment and adjustment), and requires the buyer to deliver an additional $1.0 million deposit within one business day of the Amendment, bringing total deposits to $8.5 million. The buyer is 250 Water Street Owner LLC, an affiliate of Tavros Holdings LLC; the buyer has no other material relationship with the company. The filing also states certain closing conditions are not yet satisfied, so the sale is not guaranteed.

Key Details

• Sale price for 250 Water Street: $143.0 million (subject to apportionment/adjustment).
• New Closing Date: February 5, 2026; buyer has no further right to extend or adjourn closing.
• Deposit: buyer must add $1.0 million within one business day, increasing total deposits to $8.5 million; deposit is non‑refundable subject to certain conditions.
• Buyer: 250 Water Street Owner LLC (affiliate of Tavros Holdings LLC); no other material ties to SEG noted.

Why It Matters The Amendment documents a near‑term closing schedule and revised economic terms for the proposed sale of a major property asset (250 Water Street), including a defined $143.0M sale price and a larger non‑refundable deposit, signaling progress in the transaction. However, the company expressly warns that closing conditions remain unsatisfied, so investors should note the sale may not occur as described. The full amendment will be included in SEG’s Form 10‑K for the year ended December 31, 2025.