{"schema_version":"secwatch.filing_event.v1","accession":"0000930413-23-002576","form_type":"8-K","ticker":"SIRI","cik":"0000908937","company_name":"SIRIUS XM HOLDINGS INC.","filed_at":"2023-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.356509+00:00","generated_at":"2026-06-07T14:32:34.074180+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Liberty Media & SiriusXM combine tracking stock with SiriusXM to form New SiriusXM with single-class stock","bullets":["LSXM tracking stockholders receive ~8.4 shares of New SiriusXM per LSXM share; existing SIRI minority holders get 1:1.","Pro forma ownership: former LSXM holders ~81%, existing SIRI minority ~19%; ~3.4B basic shares outstanding.","Transaction includes ~$1.7B net liabilities assumption and $1.1B committed financing from Morgan Stanley, BofA, J.P. Morgan.","Deal expected to close early Q3 2024; tax-free to LSXM and SIRI stockholders (except cash in lieu of fractional shares).","New SiriusXM maintains low-to-mid 3x leverage target; no change to dividend policy while de-emphasizing buybacks."],"urls":{"canonical":"https://secwatch.observer/filing/0000930413-23-002576","json":"https://secwatch.observer/filing/0000930413-23-002576.json","markdown":"https://secwatch.observer/filing/0000930413-23-002576.md","text":"https://secwatch.observer/filing/0000930413-23-002576.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908937/000093041323002576/0000930413-23-002576-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908937/000093041323002576/c107443_8k-ixbrl.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:32:34.074180+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}