Liberty Media Corporation Series A Liberty Formula One - FWONA STOCK NEWS

Liberty Media Acquisition Corporation (LMAC) announced that CEO Greg Maffei will present at the Deutsche Bank Media, Internet and Telecom Conference on March 8th at 4:00 p.m. E.S.T. During the presentation, Maffei may discuss the company's outlook and forward-looking matters.

The event will be streamed live, and those interested can register via the Liberty Media website. LMAC is a blank check company looking to merge with businesses in media, digital media, and technology sectors, backed by a 20% interest from Liberty Media Corporation's Formula One Group tracking stock (FWONA, FWONK).

Liberty Media Acquisition Corporation (LMAC) announced that CEO Greg Maffei will present at the Morgan Stanley Technology, Media, and Telecom Conference on March 1st at 4:15 p.m. E.S.T. His presentation will address the company's outlook and forward-looking matters. The event will be streamed live, with a subsequent archive available for 180 days post-SEC filings. LMAC, a blank check company, aims to merge with businesses in media and technology sectors and is sponsored by Liberty Media Corporation, holding a 20% interest tied to Formula One Group tracking stock (FWONA, FWONK).

Liberty Media Acquisition Corporation (LMACU) has successfully closed its initial public offering, raising $575 million by offering 57.5 million units at $10.00 each, including an additional 7.5 million units from the underwriters’ over-allotment option. The units began trading on Nasdaq on January 22, 2021. Each unit consists of one Series A common stock and one-fifth of a redeemable warrant. LMAC aims to identify targets in media, entertainment, technology, and related sectors. Liberty Media Corporation, through a wholly-owned subsidiary, sponsors LMAC, holding a 20% interest attributed to the Formula One Group tracking stock.

On January 21, 2021, Liberty Media Acquisition Corporation (LMAC) announced the pricing of its initial public offering (IPO) of 50 million units at $10.00 each. The units will be listed on the Nasdaq under the ticker symbol LMACU starting January 22, 2021. Each unit includes one share of Series A common stock and one-fifth of a redeemable warrant, exercisable for one share at $11.50. LMAC, a subsidiary of Liberty Media, seeks acquisition targets in media, digital media, and technology sectors. The offering is managed by Citigroup, Morgan Stanley, Credit Suisse, and Goldman Sachs.

On November 19, 2020, Liberty Media Acquisition Corporation (LMAC) filed a Registration Statement with the SEC for a proposed initial public offering (IPO) targeting $500 million, potentially increasing to $575 million with underwriters' options. Liberty will hold a 20% stake in LMAC, committing to acquire $250 million in forward purchase units. LMAC will operate under the management of Liberty's current team, focusing on media and technology sectors. The IPO units will trade on Nasdaq as "LMACU," with plans for separate listings for Series A common stock and warrants.

Liberty Media Corporation reported Q3 2020 results highlighting key outcomes across its segments. SiriusXM added 169,000 self-pay subscribers with a revenue of $2,025 million, up 1% year-over-year. Adjusted EBITDA rose 1% to $661 million. Formula One Group faced a revenue decline of 6%, totaling $597 million, resulting in an operating loss of $115 million. The Braves Group reported a significant revenue drop of 48% due to COVID-19 impacts. Liberty repurchased 3.1 million shares during the quarter, maintaining a strong liquidity position with $2.1 billion available across its segments.

Liberty Media Corporation will host its annual Investor Meeting on November 19, 2020, starting at 9:00 AM M.T. The meeting will be held virtually, allowing shareholders, research analysts, and press to attend. Key topics include financial performance and future outlook, with Q&A participation from Chairman John Malone and CEO Greg Maffei. Stockholders may submit questions via email until November 13, 2020. The meeting will feature presentations from several companies, including Sirius XM, Formula 1, and Live Nation.

Liberty Media Corporation's President and CEO, Greg Maffei, is set to host a conference call on November 5, 2020, at 10:00 a.m. (E.S.T.) to discuss the third quarter results for 2020. The call will include prepared remarks and a Q&A session where management will address questions related to the company's financial performance and outlook. Participants can join via telephone or listen to a live broadcast on the Liberty Media website.

Liberty Media Corporation (FWONA) announced a quarterly interest payment of $5.625 per $1,000 on its 2.25% Exchangeable Senior Debentures due 2046, affecting approximately $204 million outstanding as of September 30, 2020. The adjusted principal amount post-payment is approximately $459.25. Additionally, an excess regular cash dividend of $3.2975 per Debenture was declared, corresponding to AT&T's dividend paid on August 3, 2020. The current distribution structure ensures consistent interest payments despite adjustments to the principal amount.