secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001104659-24-098251
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Media completes split-off of Sirius XM, merger creates independent Sirius XM Holdings
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- On Sept 9, 2024, Liberty Media split-off Liberty Sirius XM Holdings by exchanging each share for 0.8375 New Sirius shares.
- New Sirius merged with Sirius XM Holdings; surviving entity renamed Sirius XM Holdings Inc. with 339,133,937 shares outstanding.
- Former Liberty SiriusXM stockholders own ~81% of new Sirius XM Holdings; former Sirius XM minority holders own ~19%.
- Liberty SiriusXM tracking stocks (LSXMA, LSXMB, LSXMK) delisted from Nasdaq effective Sept 9, 2024.
- Pro forma financials show Liberty Media's remaining assets (Formula 1, Liberty Live) with total equity of $6.5B as of June 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000110465924098251/0001104659-24-098251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000110465924098251/tm2422514d16_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098251

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