other material
confidence high
sentiment neutral
materiality 0.15
Liberty Media issues 47,297 FWONK shares to Malone Trust in voting cap compliance
Liberty Media Corp
- JM Trust transferred 47,297 shares of FWONB to Liberty Media in exchange for equal number of FWONK shares.
- Reverse Exchange keeps Malone's voting power in Liberty Formula One at or below 49% per Exchange Agreement.
- FWONK shares issued without registration under Section 4(a)(2) of Securities Act.
- Company and Malone Group waived rights to rescind the Reverse Exchange.