On February 27, 2024, the United States Securities and Exchange Commission (SEC) addressed a letter to Patrick Gadson, Partner at Vinson & Elkins LLP, regarding a recent filing by Blackwells Capital LLC et al. for Walt Disney Co. The SEC reviewed the Definitive Additional Soliciting Materials filed on February 26, 2024, and requested supplemental information to support the calculations that suggest Disney's stock price could reach $156.84 and $246.96 with a more strategic incorporation of AI. The SEC emphasized the responsibility of the filing persons for the accuracy and adequacy of their disclosures and invited them to respond with the requested information or provide a timeline for their response. Daniel Duchovny at the SEC is the point of contact for any further questions.

On February 27, 2024, the United States Securities and Exchange Commission (SEC) addressed a letter to Patrick Gadson, Partner at Vinson & Elkins LLP, regarding a recent filing by Blackwells Capital LLC et al. for Walt Disney Co. The SEC reviewed the Definitive Additional Soliciting Materials filed on February 26, 2024, and requested supplemental information to support the calculations that suggest Disney's stock price could reach $156.84 and $246.96 with a more strategic incorporation of AI. The SEC emphasized the responsibility of the filing persons for the accuracy and adequacy of their disclosures and invited them to respond with the requested information or provide a timeline for their response. Daniel Duchovny at the SEC is the point of contact for any further questions.