Liberty Media Acquisition Corporation Announces Pricing of $500,000,000 Initial Public Offering

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[{"type":"text","content":" ENGLEWOOD, Colo.--(BUSINESS WIRE)--\nOn January 21, 2021, Liberty Media Acquisition Corporation (“LMAC”), a newly formed special purpose acquisition company and an indirect subsidiary of Liberty Media Corporation (“Liberty”), announced the pricing of its initial public offering of 50,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Stock Exchange (“Nasdaq”) and trade under the ticker symbol “LMACU” beginning January 22, 2021. Each unit consists of one share of Series A common stock and one-fifth of one redeemable warrant. Each whole warrant may be exercised for one share of Series A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Series A common stock and warrants are expected to be listed on the Nasdaq under the symbols “LMACA” and “LMACW,” respectively.\n\nLMAC intends to search for a target in the media, digital media, music, entertainment, communications, telecommunications and technology industries. LMAC's management team is led by Greg Maffei and includes other members of Liberty’s current management team. Liberty operates and owns interests in a broad range of media, communications and entertainment businesses. Liberty’s ownership interest in LMAC will be attributed to the Formula One Group tracking stock.\n\nCitigroup, Morgan Stanley, Credit Suisse and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. When available, copies of the prospectus related to the initial offering by LMAC may be obtained for free by visiting Edgar on the website of the Securities and Exchange Commission (“SEC”) at www.sec.gov or from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146, Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014, Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, Telephone: 1-800-221-1037, Email: [email protected] or Goldman, Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attention: Prospectus Department, by calling (866) 471-2526 or by emailing [email protected].\n\nA regi...

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