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Atlanta Braves Holdings, Inc. Announces Pricing of Secondary Public Offering of Common Stock
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) (“Atlanta Braves Holdings”) today announced the pricing of the
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 the pricing of the previously announced secondary public offering of 1,811,066 shares of its Series C common stock (the “Shares”). Liberty Media Corporation (“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”). All of the Shares are being sold by the Selling Stockholder to the underwriter. The offering is expected to close on or about November 9, 2023, subject to customary closing conditions. Atlanta Braves Holdings 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. A preliminary prospectus supplement relating to and describing the terms of the offering was filed with the SEC on November 6, 2023. The final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the offering (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 o...