secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001104659-24-096654
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Media and Sirius XM set final exchange ratios for split-off and merger; New SiriusXM to trade SIRI Sep 10
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- Each LSXMA/B/C share will be redeemed for 0.8375 share of New Sirius common stock, plus cash for fractions.
- Sirius XM shareholders (ex-New Sirius) will receive 0.1 New Sirius share per SIRI share in the merger.
- Expected ~339.1M total New Sirius shares outstanding; former Liberty stockholders ~81%, minority SIRI holders ~19%.
- Split-off effective 4:05 PM ET Sep 9; merger at 6:00 PM ET Sep 9; New SiriusXM (SIRI) begins Nasdaq trading Sep 10.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000110465924096654/0001104659-24-096654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000110465924096654/tm2422514d9_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-096654

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