27/08/2024 | Press release | Distributed by Public on 27/08/2024 13:30
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Item 8.01. Other Events.
On August 23, 2024, Liberty Media Corporation, a Delaware corporation ("Liberty Media"), issued a press release announcing that, assuming the requisite conditions to the previously announced redemptive split-off (the "Split-Off") of Liberty Sirius XM Holdings Inc., a newly formed and wholly owned subsidiary of Liberty Media ("SplitCo") are satisfied or waived, as applicable, Liberty Media expects that Liberty Media's shares of Series A Liberty SiriusXM common stock ("LSXMA"), Series B Liberty SiriusXM common stock ("LSXMB") and Series C Liberty SiriusXM common stock ("LSXMK", and collectively with LSXMA and LSXMB, the "Liberty SiriusXM Common Stock") will cease trading on The Nasdaq Stock Market LLC ("Nasdaq") following market close on September 9, 2024.
Liberty Media has notified Nasdaq of its intention to voluntarily delist from the Nasdaq Global Select Market and deregister the shares of Liberty SiriusXM Common Stock and its intention to request that Nasdaq file appropriate forms with the Securities and Exchange Commission ("SEC") on or about September 9, 2024. Concurrently with the delisting of the shares of Liberty SiriusXM Common Stock, Liberty Media expects that the shares of common stock of SplitCo will begin trading on Nasdaq under the ticker symbol "SIRI" as of September 10, 2024.