Liberty Media Corporation and Sirius XM Holdings Inc. announced that the merger of Liberty’s SiriusXM tracking stock into SiriusXM itself has been completed.
The deal, announced last December, saw Liberty spin-off its LSXM tracking stock and then combine with the company itself with Liberty’s shareholders receiving a 1 share of the new company for each share they hold. Current SiriusXM shareholders would also receive 1 share of the new company for each share they currently hold. Liberty shareholders will continue to hold approximately 81% of the company with the public holding the other 19%.
Sirius XM Holdings will have a single outstanding series of common stock and will begin trading at market open on Tuesday, September 10, 2024 on the Nasdaq Global Select Market under the symbol “SIRI”. Liberty Media’s Liberty Formula One common stock and Liberty Live common stock will continue trading following the Split-Off and Merger on the Nasdaq Global Select Market or the OTC Markets, as applicable.