Liberty Media Corporation Closed Offering of Series C Liberty Formula One Common Stock
August 26 2024 - 7:15AM
Business Wire
Underwriter has exercised its option to purchase additional
FWONK shares
Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA,
LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLVYK) announced today that it
closed the previously announced public offering of shares of its
Series C Liberty Formula One Common Stock (“FWONK”) at a public
offering price of $77.50 per share on August 22, 2024. As a result
of the underwriter exercising its option to purchase additional
FWONK shares in the offering, on the closing date, Liberty Media
issued and sold a total of 12,247,500 FWONK shares. The offering
resulted in approximately $949,181,300 in gross proceeds to Liberty
Media, before deducting the underwriter’s discounts and estimated
offering expenses payable by Liberty Media.
Goldman Sachs & Co. LLC acted as the sole underwriter for
the offering.
The offering was made pursuant to an effective registration
statement on Form S-3 filed with the Securities and Exchange
Commission (the “SEC”). The offering was made only by means of the
prospectus that forms a part of the registration statement, copies
of which may be obtained by contacting: Goldman Sachs & Co.
LLC, Attention: Prospectus Department, 200 West Street, New York,
New York 10282, by phone at (866) 471-2526 or by email at
prospectus-ny@ny.email.gs.com; or by visiting the EDGAR database on
the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities, nor shall
there be any sale of these securities, in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
About Liberty Media Corporation
Liberty Media Corporation operates and owns interests in a broad
range of media, communications, sports and entertainment
businesses. Those businesses are attributed to three tracking stock
groups: the Liberty SiriusXM Group, the Formula One Group and the
Liberty Live Group. The businesses and assets attributed to the
Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include
Liberty Media’s interest in SiriusXM. The businesses and assets
attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include
Liberty Media’s subsidiaries Formula 1 and Quint, and other
minority investments. The businesses and assets attributed to the
Liberty Live Group (NASDAQ: LLYVA, LLYVK) include Liberty Media’s
interest in Live Nation and other minority investments.
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version on businesswire.com: https://www.businesswire.com/news/home/20240825727423/en/
Shane Kleinstein, 720-875-5432
Liberty Media (NASDAQ:FWONK)
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