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Liberty Broadband Corporation Announces When-Issued Trading, Ex-Dividend Date and Trading Symbol Information in Connection with Upcoming Spin-Off of GCI Liberty, Inc.
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Broadband Corporation (“Liberty Broadband”) (Nasdaq: LBRDA, LBRDK, LBRDP), announced today that, in connection
About this update from Liberty Broadband Corporation
[{"type":"text","content":" ENGLEWOOD, Colo.--(BUSINESS WIRE)--\nLiberty Broadband Corporation (“Liberty Broadband”) (Nasdaq: LBRDA, LBRDK, LBRDP), announced today that, in connection with its upcoming spin-off (the “Spin-Off”) of its wholly owned subsidiary GCI Liberty, Inc. (“GCI Liberty”), it has been advised by Nasdaq that shares of GCI Liberty’s Series A common stock and Series C common stock will trade on a when-issued basis on The Nasdaq Global Select Market under the symbols “GLBAV” and “GLBKV”, respectively, from July 11, 2025 through July 14, 2025. The Spin-Off is expected to occur after market-close on July 14, 2025 through the distribution, by means of a dividend, of GCI Liberty common stock to holders of record of Liberty Broadband common stock as of 5:00 p.m., New York City time, on June 30, 2025, the record date for the distribution. However, because Nasdaq has established July 15, 2025 as the ex-dividend date for the distribution, and as a result of related “due bill” trading procedures, persons acquiring shares of Liberty Broadband’s Series A common stock and Series C common stock in the market through July 14, 2025 will still receive the respective shares of GCI Liberty in the Spin-Off. GCI Liberty Series A common stock and Series C common stock will begin trading in the regular way on Tuesday, July 15, 2025 on The Nasdaq Stock Market under the symbols “GLIBA” and “GLIBK”, respectively. GCI Liberty Series B common stock has been approved for quotation on the OTC Markets under the symbol “GLIBB,” and quoting is expected to begin on or around Monday, July 21, 2025.\n\n\nCautionary Note Regarding Forward-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 transactions described herein, including the proposed timing thereof. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as “possible,” “potential,” “intends” or “expects” or other words or phrases of similar import or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” or “could,” or similar variations. These forward-looking statements involve ma...