Business
GCI Liberty Announces Completion of Rights Offering
ENGLEWOOD, Colo., December 23, 2025--GCI Liberty Announces Completion of Rights Offering
About this update from Gci Liberty, Inc. - Series A Gci Group
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":243,"height":242,"url":"https://media.zenfs.com/en/business-wire.com/94a9a0abc3172af7affc95f80fd7faf0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rmM4o7G.fjq4rt1SSGslvQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQxODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/94a9a0abc3172af7affc95f80fd7faf0","width":243,"height":242}},"lazy":false},{"type":"text","content":"ENGLEWOOD, Colo., December 23, 2025--(BUSINESS WIRE)--GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBK) ("GCI Liberty") announced today the completion of its rights offering, which expired in accordance with its terms at 5:00 p.m., New York City time, on December 17, 2025. GCI Liberty received approximately $300 million in proceeds, which will be used for general corporate purposes, which may include working capital, capital expenditures and repayment or refinancing of outstanding indebtedness. GCI Liberty may also use a portion of the net proceeds from the rights offering for potential strategic acquisitions, investments or partnerships.","length":647,"tagName":"p"},{"type":"text","content":"GCI Liberty has been informed by the subscription agent that the rights offering was fully subscribed, with 11,059,127 shares of Series C GCI Group common stock to be issued to those rightsholders exercising basic and, if applicable, oversubscription privileges. Approximately 95% of the shares to be issued as a result of the rights offering were subscribed for pursuant to validly exercised basic subscription privileges. As a result, the remaining shares available for issuance to those rightsholders validly exercising oversubscription privileges were allocated pro rata based on the number of rights underlying such rightsholders’ basic subscription privilege. There was no single proration factor for this allocation due to the process by which the subscription agent allocated the remaining shares, which involved multiple rounds of proration among the validly oversubscribing rightsholders, as described in the final prospectus relating to the rights offering, filed with the Securities and Exchange Commission (the "SEC") on November 26, 2025 (the "final prospectus").","length":1097,"tagName":"p"},{"type":"text","content":"The sha...