Liberty Media Acquisition Corporation (OTCMKTS:LMACU) is a special purpose acquisition company (SPAC) sponsored by affiliates of Liberty Media Corporation. Established in early 2021, the company was formed to identify and complete business combinations with one or more operating businesses. As a blank‐check vehicle, LMACU seeks to leverage the industry expertise and capital resources of its sponsor to deliver value to its public shareholders.
The SPAC targets acquisition candidates primarily in the media, communications and consumer sectors, leveraging Liberty Media’s longstanding track record in these industries. Liberty Media Acquisition evaluates potential transactions across a range of geographies, with an initial focus on North America, intending to pursue opportunities where strategic operational support and market insights can be most effectively applied.
Upon its initial public offering, LMACU raised approximately $690 million through the sale of units, each consisting of one common share and a fraction of a warrant. The company’s leadership team includes President and CEO Greg Maffei, who also serves as President and CEO of Liberty Media Corporation, and a board of directors chaired by John C. Malone. Together, they bring decades of experience in corporate acquisitions, finance and operations to guide LMACU’s search for a suitable business combination.
As of now, Liberty Media Acquisition has not announced a definitive acquisition target. The company remains in the capital deployment phase, actively evaluating opportunities that align with its strategic objectives and sponsor’s areas of expertise. Upon identifying a target, LMACU will seek shareholder approval to effectuate the merger or acquisition in line with its stated investment criteria.
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