Sirius XM Holdings Inc. (Sirius XM) is set to undergo a significant corporate event as shareholders are scheduled to vote on a proposed merger with Radio Merger Sub, LLC, a subsidiary of Liberty Sirius XM Holdings Inc., on August 23, 2024. This merger is part of a series of transactions detailed in a proxy statement dated July 23, 2024. In anticipation of the merger, which is expected to be completed in the third quarter of 2024, an adjustment to Sirius XM's options will take place. The current option symbol SIRI will change to SIRI1, with a new multiplier of 100 and a new deliverable per contract of 10 new Sirius XM common shares. The pricing for the new option will be set at 0.10 times the price of...Show More

Sirius XM Holdings Inc. (Sirius XM) is set to undergo a significant corporate event as shareholders are scheduled to vote on a proposed merger with Radio Merger Sub, LLC, a subsidiary of Liberty Sirius XM Holdings Inc., on August 23, 2024. This merger is part of a series of transactions detailed in a proxy statement dated July 23, 2024. In anticipation of the merger, which is expected to be completed in the third quarter of 2024, an adjustment to Sirius XM's options will take place. The current option symbol SIRI will change to SIRI1, with a new multiplier of 100 and a new deliverable per contract of 10 new Sirius XM common shares. The pricing for the new option will be set at 0.10 times the price of the current SIRI shares. Post-merger, the new entity will be renamed Sirius XM Holdings Inc. and will trade on the Nasdaq Stock Market under the symbol 'SIRI'. The Options Clearing Corporation (OCC) has provided this information and will determine the nature of the option adjustment, which remains subject to change based on further information or changes in the merger terms.