ENGLEWOOD, Colo.–(BUSINESS WIRE)–On January 21, 2021, Liberty Media Acquisition Company (“LMAC”), a newly fashioned particular goal acquisition firm and an oblique subsidiary of Liberty Media Company (“Liberty”), introduced the pricing of its preliminary public providing of fifty,000,000 models at a value of $10.00 per unit. The models are anticipated to be listed on the Nasdaq Inventory Alternate (“Nasdaq”) and commerce underneath the ticker image “LMACU” starting January 22, 2021. Every unit consists of 1 share of Sequence A typical inventory and one-fifth of 1 redeemable warrant. Every entire warrant could also be exercised for one share of Sequence A typical inventory at a value of $11.50 per share. Solely entire warrants are exercisable. As soon as the securities comprising the models start separate buying and selling, the shares of Sequence A typical inventory and warrants are anticipated to be listed on the Nasdaq underneath the symbols “LMACA” and “LMACW,” respectively.
LMAC intends to seek for a goal within the media, digital media, music, leisure, communications, telecommunications and expertise industries. LMAC’s administration workforce is led by Greg Maffei and contains different members of Liberty’s present administration workforce. Liberty operates and owns pursuits in a broad vary of media, communications and leisure companies. Liberty’s possession curiosity in LMAC will likely be attributed to the Method One Group monitoring inventory.
Citigroup, Morgan Stanley, Credit score Suisse and Goldman Sachs & Co. LLC are performing as joint book-running managers for the providing. When accessible, copies of the prospectus associated to the preliminary providing by LMAC could also be obtained without cost by visiting Edgar on the web site of the Securities and Alternate Fee (“SEC”) at www.sec.gov or from Citigroup World Markets Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by phone at (800) 831-9146, Morgan Stanley & Co. LLC, Attn: Prospectus Division, 180 Varick Road, Second Flooring, New York, NY 10014, Credit score Suisse Securities (USA) LLC, Attn: Prospectus Division, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, Phone: 1-800-221-1037, E mail: firstname.lastname@example.org or Goldman, Sachs & Co. LLC, 200 West Road, New York, New York 10282, Consideration: Prospectus Division, by calling (866) 471-2526 or by emailing email@example.com.
A registration assertion on Type S-1 regarding the securities of LMAC has been filed with, and declared efficient by, the SEC. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation, or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
This press launch contains sure forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995, together with statements regarding the proposed preliminary public providing of LMAC, together with the phrases thereof and using proceeds therefrom and the itemizing of LMAC’s securities with Nasdaq. These forward-looking statements contain many dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied by such statements, together with, with out limitation, basic market situations. These forward-looking statements converse solely as of the date of this press launch, and LMAC expressly disclaims any obligation or endeavor to disseminate any updates or revisions to any forward-looking assertion contained herein to replicate any change within the expectations of LMAC with regard thereto or any change in occasions, situations or circumstances on which any such assertion relies. Ahead-looking statements are topic to quite a few situations, lots of that are past the management of the Firm, together with these set forth within the Threat Elements part of the Firm’s registration assertion for the Firm’s providing filed with the SEC and the preliminary prospectus included therein.
About Liberty Media Acquisition Company
Liberty Media Acquisition Company (“LMAC”) is a newly included clean verify firm fashioned for the aim of effecting a merger, capital inventory trade, asset acquisition, inventory buy, reorganization or related enterprise mixture with a number of companies. LMAC intends to seek for a goal within the media, digital media, music, leisure, communications, telecommunications and expertise industries. LMAC is an oblique subsidiary of Liberty Media Company, attributed to the Method One Group monitoring inventory (NASDAQ: FWONA, FWONK).