The separation of Liberty Sirius XM Holdings (the “Split-Off”) has been accomplished, according to a joint announcement from Liberty Media Corporation and Sirius XM Holdings, New York City time. After the Split-Off, at 6:00 p.m. New York City time, Old Sirius survived the merger as a totally owned subsidiary of New Sirius, and a wholly owned subsidiary of New Sirius merged with and into Sirius XM (the “Merger”). Following these transactions, Liberty Media no longer owns New Sirius, which is now a distinct public corporation called Sirius XM Holdings.
In accordance with the symbol “SIRI,” Sirius XM Holdings will trade on the Nasdaq Global Select Market starting at market open on Tuesday, September 10, 2024. The company will have a single outstanding series of common stock. Following the Split-Off and Merger, trading in Liberty Media’s Liberty Formula One common stock and Liberty Live common stock will continue on the OTC Markets or the Nasdaq Global Select Market, as appropriate.
