GCI Liberty completes rights offering, issues 11M shares for $300M proceeds

GCI Liberty, Inc.

Proceeds of ~$300M from fully subscribed rights offering; shares issued Dec 23, 2025.
11,059,127 shares of Series C common stock issued; 95% via basic subscription privileges.
Remaining shares allocated pro rata through multiple oversubscription proration rounds.
Proceeds for general corporate purposes: working capital, capex, debt refinancing, or M&A.
Rights offering expired Dec 17, 2025; refunds for unfulfilled oversubscriptions distributed Dec 23.

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