8-KRegulation FDExhibits & Filings

Liberty Media Corp 8-K Report, Regulation FD Disclosure (Nov 19, 2020)

Filed November 19, 2020For Securities:FWONKFWONAFWONB

Summary

This Form 8-K filing by Liberty Media Corporation (FWONK) on November 19, 2020, primarily serves to announce the proposed initial public offering (IPO) of units of Liberty Media Acquisition Corporation ("LMAC"). LMAC is a special purpose acquisition company (SPAC) and an indirectly wholly owned subsidiary of Liberty Media Corporation. Investors should note that a registration statement for LMAC has been filed with the SEC but is not yet effective. The filing reiterates that the securities of LMAC may not be sold, nor may offers to buy be accepted, until the registration statement becomes effective. This report is being furnished under Regulation FD and is not considered "filed" for purposes of liability.

Key Highlights

  • 1Liberty Media Corporation announced the proposed IPO of its subsidiary, Liberty Media Acquisition Corporation (LMAC).
  • 2LMAC is structured as a Special Purpose Acquisition Company (SPAC).
  • 3A registration statement for LMAC's securities has been filed with the SEC but is not yet effective.
  • 4The filing serves as a disclosure under Regulation FD and is not considered 'filed' for liability purposes.
  • 5Details on how to obtain the prospectus once available are provided, listing underwriters like Citigroup, Morgan Stanley, Credit Suisse, and Goldman Sachs.

Frequently Asked Questions

LMAC is a special purpose acquisition company (SPAC) that is an indirectly wholly owned subsidiary of Liberty Media Corporation. It is being formed to pursue an initial public offering (IPO) of its units.

A registration statement for LMAC's securities has been filed with the U.S. Securities and Exchange Commission (SEC), but it has not yet become effective. Therefore, LMAC cannot sell its securities or accept offers to buy until the registration statement is declared effective.

Liberty Media is filing this 8-K to publicly disclose information regarding the proposed IPO of its subsidiary LMAC, in compliance with Regulation FD (Fair Disclosure). The filing includes a press release announcing this development.

No, you cannot purchase shares of LMAC at this time. The filing explicitly states that LMAC's securities may not be sold, and offers to buy cannot be accepted, until the registration statement filed with the SEC becomes effective.