百花视频

百花视频 Completes Reclassification of Tracking Stocks

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 百花视频 (鈥湴倩ㄊ悠碘��) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced it completed, effective as of 5:00 p.m., New York City time, on August 3, 2023, the previously announced reclassification of its existing 百花视频 SiriusXM common stock and 百花视频 Formula One common stock into three new tracking stocks: new 百花视频 SiriusXM common stock, new 百花视频 Formula One common stock and 百花视频 Live common stock (each with three series of common stock) (the 鈥淩eclassification鈥�). In the Reclassification,

• each outstanding share of 百花视频 SiriusXM common stock was reclassified into one share of the corresponding series of new 百花视频 SiriusXM common stock and 0.2500 of a share of the corresponding series of 百花视频 Live common stock, and

• each outstanding share of 百花视频 Formula One common stock was reclassified into one share of the corresponding series of new 百花视频 Formula One common stock and 0.0428 of a share of the corresponding series of 百花视频 Live common stock.

Cash will be paid in lieu of any fractional shares of 百花视频 Live common stock. Holders of 百花视频 common stock should contact their broker or other nominee for additional details or questions regarding cash in lieu payments.

百花视频 anticipates that the newly issued shares will commence trading or quotation in the regular way on the Nasdaq Global Select Market or the OTC Markets, as applicable, on Friday, August 4, 2023 under the following symbols:

Effective as of the Reclassification, 百花视频 has outstanding an aggregate of approximately 25.6 million shares of Series A 百花视频 Live common stock, 2.5 million shares of Series B 百花视频 Live common stock and 63.6 million shares of Series C 百花视频 Live common stock.

Forward-Looking Statements

This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the commencement of trading or quotation, as applicable, of the shares of 百花视频 common stock. All statements other than statements of historical fact are 鈥渇orward-looking statements鈥� for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as 鈥減ossible,鈥� 鈥減otential,鈥� 鈥渋ntends鈥� or 鈥渆xpects鈥� or other words or phrases of similar import or future or conditional verbs such as 鈥渨ill,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渟hould,鈥� 鈥渨ould,鈥� 鈥渃ould,鈥� or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements speak only as of the date of this communication, and 百花视频 expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in 百花视频鈥檚 expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of 百花视频, including its Registration Statement on Form S-4 (File No. 333-268921), as amended, and its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports 百花视频 subsequently files with the SEC, for additional information about 百花视频 and about the risks and uncertainties related to 百花视频鈥檚 business which may affect the statements made in this communication.

百花视频 百花视频

百花视频 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 百花视频 SiriusXM Group, the Formula One Group and the 百花视频 Live Group. The businesses and assets attributed to the 百花视频 SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 百花视频鈥檚 interest in SiriusXM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 百花视频鈥檚 subsidiary Formula 1 and other minority investments. The businesses and assets attributed to the 百花视频 Live Group (NASDAQ: LLYVA, LLYVK) include 百花视频鈥檚 interest in Live Nation and other minority investments.

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百花视频
Shane Kleinstein, 720-875-5432

Source: 百花视频

Released August 3, 2023