8-KRegulation FDOther EventsExhibits & Filings

Liberty Media Corp 8-K Report, Regulation FD Disclosure (Aug 21, 2024)

Filed August 21, 2024For Securities:FWONKFWONAFWONB

Summary

Liberty Media Corporation (FWONK) has filed an 8-K disclosing the pricing of a public offering for its Series C Liberty Formula One Common Stock. The company announced on August 21, 2024, that it will offer 10,650,000 shares at a price of $77.50 per share. This offering is part of a larger effort to raise capital through the issuance of its common stock. Furthermore, Liberty Media has entered into an underwriting agreement with Goldman Sachs & Co. LLC. The agreement details the terms of the sale, and importantly, includes an option for the underwriter to purchase up to an additional 1,597,500 shares within a 30-day period at the same $77.50 per share price. Investors should note that this filing is for informational purposes under Regulation FD and the shares are being offered at a specified price point.

Key Highlights

  • 1Liberty Media announced the pricing of a public offering for 10,650,000 shares of Series C Liberty Formula One Common Stock.
  • 2The public offering price is set at $77.50 per share.
  • 3An underwriting agreement has been executed with Goldman Sachs & Co. LLC.
  • 4Liberty Media has granted the underwriter an option to purchase an additional 1,597,500 shares at the offering price.
  • 5The option for additional shares is exercisable for a period of 30 days.
  • 6The filing is made under Regulation FD to ensure public disclosure.
  • 7The offering involves shares with a par value of $0.01 per share.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose the pricing of a new public offering of Liberty Media's Series C Liberty Formula One Common Stock, as well as the related underwriting agreement.

Liberty Media is offering 10,650,000 shares of Series C Liberty Formula One Common Stock at a public offering price of $77.50 per share.

Yes, Liberty Media has granted the underwriter, Goldman Sachs & Co. LLC, a 30-day option to purchase up to an additional 1,597,500 shares of the same Common Stock at the public offering price of $77.50 per share.

This filing is primarily a disclosure event under Regulation FD, announcing the pricing and terms of the offering. The actual issuance and sale of shares will occur pursuant to the underwriting agreement.