secwatch.observer — SEC 8-K summary
======================================

Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001104659-23-081846
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Media shareholders approve Braves split-off and tracking stock reclassification
--------------------------------------------------------------------------------

- Split-off of Braves effective July 18, 2023; each Braves share exchanged one-for-one for Atlanta Braves Holdings shares.
- Approximately 10.3M Series A, 981K Series B, and 50.4M Series C Braves Holdings shares outstanding post-split.
- Reclassification effective Aug 3, 2023: each SiriusXM share becomes 1 new SiriusXM + 0.25 Liberty Live; each F1 share becomes 1 new F1 + 0.0428 Liberty Live.
- Formula One Distribution of ~6.8M Braves C shares to F1 holders on July 19, 2023; ratio 0.02896 per F1 share.
- Liberty Live stock to trade under LLYVA/LLYVK (A/C) and LLYVB (B) on Nasdaq/OTC; Braves Holdings BATRA/BATRK on Nasdaq, BATRB on OTC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/0001104659-23-081846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000110465923081846/tm2320270d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-081846

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer