November 27, 2022

Liberty Media SPAC to unwind with no takeover goal

Liberty Media SPAC to unwind with no takeover target

Liberty Media SPAC to unwind with no takeover target

Liberty Media Acquisition Company (LMAC), a SPAC (particular function acquisition firm) launched by media large Liberty Media two years in the past, is ready to unwind by the tip of the yr following a shareholder vote approving the transfer on Monday (November 14).

The choice comes as LMAC nonetheless has but to merge with a possible goal because it went public on the Nasdaq Inventory Alternate in January 2021. The corporate raised $575 million on the time.

Information of the shareholder vote’s end result was first

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