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Atlanta Braves Holdings, Inc. Announces Launch of Secondary Public Offering of Common Stock
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) (“Atlanta Braves Holdings”) today announced a proposed secondary
About this update from Atlanta Braves Holdings, Inc. - Series A
[{"type":"text","content":" ENGLEWOOD, Colo.--(BUSINESS WIRE)--\nAtlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) (“Atlanta Braves Holdings”) today announced a proposed secondary public offering of 1,811,066 shares of its Series C common stock (the “Shares”) currently held by Liberty Media Corporation (“Liberty Media”). Liberty Media expects to exchange the Shares for certain indebtedness of Liberty Media held by an affiliate of J.P. Morgan Securities LLC (the “Selling Stockholder”) prior to the closing of the offering. The Selling Stockholder then expects to sell the Shares to the underwriter in the offering. Atlanta Braves Holdings is not selling any shares of its common stock and will not receive any of the proceeds from the sale of the Shares by the Selling Stockholder in the offering.\n\n\nJ.P. Morgan Securities LLC is acting as underwriter for the offering.\n\n\nA shelf registration statement on Form S-1 (File No. 333-274438) relating to the resale of the Shares was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective on September 29, 2023. The offering will be made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and, when available, may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, by mail at 1155 Long Island Avenue, Edgewood, New York 11717, by telephone: (866) 803-9204, or by email at [email protected].\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\n\nForward-Looking Statements\n\n\nThis communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the proposed exchange and offering of Atlanta Braves Holdings common stock. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and sta...