---
schema_version: "secwatch.filing_event.v1"
accession: "0000930413-23-002579"
form_type: "8-K"
ticker: "SIRI"
cik: "0000908937"
company_name: "SIRIUS XM HOLDINGS INC."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:32:34.997942+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# SiriusXM and Liberty Media agree tracking stock merger; New SiriusXM single share class, ~8.4:1 ratio for LSXM holders

## Summary
- Transaction combines Liberty Media's Liberty SiriusXM tracking stock (LSXMA/B/K) with SiriusXM into New SiriusXM, traded under SIRI.
- LSXM stockholders receive ~8.4 shares of New SiriusXM per LSXM share; existing SIRI minority holders receive 1:1.
- Pro forma ownership: former LSXM holders ~81%, SIRI minority ~19%; approximately 3,392M basic shares outstanding.
- Expected close early Q3 2024, subject to LSXM stockholder vote, tax opinions, and regulatory approvals; Malone trusts committed to vote in favor.
- Committed $1.1B financing from Morgan Stanley, BofA, J.P. Morgan to refinance Liberty Media's exchangeable notes and margin loan.

## SEC filing metadata
- accession: 0000930413-23-002579
- form_type: 8-K
- ticker: SIRI
- cik: 0000908937
- company_name: SIRIUS XM HOLDINGS INC.
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908937/000093041323002579/0000930413-23-002579-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908937/000093041323002579/c107446_8k-ixbrl.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000930413-23-002579
- JSON: https://secwatch.observer/filing/0000930413-23-002579.json
- Plain text: https://secwatch.observer/filing/0000930413-23-002579.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.