{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-054982","form_type":"8-K","ticker":"FWONA","cik":"0001560385","company_name":"Liberty Media Corp","filed_at":"2025-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.765034+00:00","generated_at":"2026-05-20T04:26:46.735131+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Liberty Media enters forward contracts on up to 10.5M Live Nation shares; $1.15B prepayment capacity for split-off","bullets":["LN Holdings 1, LLC signs forward contracts with Santander, Citibank, Morgan Stanley, Mizuho covering up to 10,488,960 LYV shares.","Initial Share Price $137.45, Forward Floor $109.96, Forward Cap $179.37; valuation period ends Q1 2027.","Contracts allow prepayments up to ~$1.15B to provide liquidity for SplitCo to cash-settle debenture puts/exchanges.","Liberty Media retains ~30% beneficial ownership in Live Nation; no change from entering contracts."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-054982","json":"https://secwatch.observer/filing/0001104659-25-054982.json","markdown":"https://secwatch.observer/filing/0001104659-25-054982.md","text":"https://secwatch.observer/filing/0001104659-25-054982.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560385/000110465925054982/0001104659-25-054982-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560385/000110465925054982/tm2516412d4_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T04:26:46.735131+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"}