Lucky Strike Entertainment Corp

(18)Subsequent Events

On July 10, 2025, the Company entered into a Thirteenth Amendment (the “Thirteenth Amendment”) to the First Lien Credit Agreement. The Thirteenth Amendment provides for a $230,000 bridge term loan. The maturity date for the bridge term loan is the date that is 364 days after July 10, 2025. The bridge term loans bears interest at a rate per annum equal to the Adjusted Term SOFR plus 2.50%, which will increase by 0.50% on each of the 90 th,180 th and 270 th days after July 10, 2025.

On July 10, 2025, the Company acquired 58 existing properties that were leased under the third Carlyle master lease agreement for $306,000. Spanning 16 states, the 58 property portfolio includes prime locations in California, Illinois, Georgia, Arizona, and Colorado. This transaction represents a major step forward in the Company’s long-term growth strategy by reducing annual rent obligations as a result of removing the associated lease liabilities and unlocking powerful financial and operational flexibility. This transaction was financed through the $230,000 bridge term loan discussed above, our existing revolver commitments, and cash on hand.

On July 16, 2025, the Company entered into a Fourteenth Amendment (the “Fourteenth Amendment”) to the First Lien Credit Agreement. The Fourteenth Amendment provides for a $50,000 increase of the Revolver commitment to an aggregate amount of $385,000. There was no change to the Revolver commitment terms as a result of the Fourteenth Amendment, including interest rate and maturity date.

On August 19, 2025, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.055 per share of Common Stock, which will be paid on September 12, 2025, to stockholders of record on August 29, 2025.