Sirius XM Holdings Inc. (SiriusXM) has announced the approval of a major corporate restructuring involving Liberty Media Corporation and its subsidiaries. At a special meeting on August 23, 2024, shareholders of Liberty Media's Series A, B, and C Liberty SiriusXM common stock voted in favor of a redemption plan that will exchange their shares for common stock of a new entity, SplitCo, based on a predetermined exchange ratio. This move is part of a larger reorganization that includes a merger between SiriusXM and Merger Sub, LLC, with SiriusXM emerging as a wholly-owned subsidiary of SplitCo. The transactions, which were previously disclosed and amended, are set to be finalized on September 9, 2024, with the common stock of the newly named Sirius XM Holdings Inc. (New SiriusXM) expected to begin trading on the Nasdaq under the ticker symbol 'SIRI' the following day. The forward-looking statements in the report indicate that the completion of these transactions is subject to certain conditions and risks.

Sirius XM Holdings Inc. (SiriusXM) has announced the approval of a major corporate restructuring involving Liberty Media Corporation and its subsidiaries. At a special meeting on August 23, 2024, shareholders of Liberty Media's Series A, B, and C Liberty SiriusXM common stock voted in favor of a redemption plan that will exchange their shares for common stock of a new entity, SplitCo, based on a predetermined exchange ratio. This move is part of a larger reorganization that includes a merger between SiriusXM and Merger Sub, LLC, with SiriusXM emerging as a wholly-owned subsidiary of SplitCo. The transactions, which were previously disclosed and amended, are set to be finalized on September 9, 2024, with the common stock of the newly named Sirius XM Holdings Inc. (New SiriusXM) expected to begin trading on the Nasdaq under the ticker symbol 'SIRI' the following day. The forward-looking statements in the report indicate that the completion of these transactions is subject to certain conditions and risks.