Atlanta Braves Holdings, Inc. Announces Launch of Secondary Public Offering of Common Stock
06 Noviembre 2023 - 3:14PM
Business Wire
Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) (“Atlanta
Braves Holdings”) today announced a proposed secondary public
offering of 1,811,066 shares of its Series C common stock (the
“Shares”) currently held by Liberty Media Corporation (“Liberty
Media”). Liberty Media expects to exchange the Shares for certain
indebtedness of Liberty Media held by an affiliate of J.P. Morgan
Securities LLC (the “Selling Stockholder”) prior to the closing of
the offering. The Selling Stockholder then expects to sell the
Shares to the underwriter in the offering. Atlanta Braves Holdings
is not selling any shares of its common stock and will not receive
any of the proceeds from the sale of the Shares by the Selling
Stockholder in the offering.
J.P. Morgan Securities LLC is acting as underwriter for the
offering.
A shelf registration statement on Form S-1 (File No. 333-274438)
relating to the resale of the Shares was previously filed with the
Securities and Exchange Commission (the “SEC”) and became effective
on September 29, 2023. The offering will be made only by means of a
written prospectus and prospectus supplement that form a part of
the registration statement. Copies of the preliminary prospectus
supplement and accompanying prospectus relating to the offering
will be filed with the SEC and, when available, may be obtained by
contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, by mail at 1155 Long Island Avenue, Edgewood, New York
11717, by telephone: (866) 803-9204, or by email at
prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
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 proposed
exchange and offering of Atlanta Braves Holdings common stock. All
statements other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
securities laws. These forward-looking statements generally can be
identified by phrases such as “possible,” “potential,” “intends” or
“expects” or other words or phrases of similar import or future or
conditional verbs such as “will,” “may,” “might,” “should,”
“would,” “could,” 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 Atlanta Braves Holdings
expressly disclaims any obligation or undertaking to disseminate
any updates or revisions to any forward-looking statement contained
herein to reflect any change in Atlanta Braves Holdings’
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 Atlanta Braves
Holdings, including in its Registration Statement on Form S-1 (File
No. 333-274438), as amended, as such risk factors may be amended,
supplemented or superseded from time to time by Atlanta Braves
Holdings’ subsequent filings with the SEC, for additional
information about Atlanta Braves Holdings and about the risks and
uncertainties related to Atlanta Braves Holdings’ business which
may affect the statements made in this communication.
About Atlanta Braves Holdings,
Inc.
Atlanta Braves Holdings, Inc. (NASDAQ: BATRA, BATRK) consists of
100% of the ownership and voting interest in Braves Holdings, LLC,
which is the owner and operator of the Atlanta Braves Major League
Baseball Club and the mixed-use real estate development, The
Battery Atlanta, and is the operator of the Atlanta Braves Major
League Baseball Club’s stadium, Truist Park.
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version on businesswire.com: https://www.businesswire.com/news/home/20231106559278/en/
Atlanta Braves Holdings, Inc. Shane Kleinstein,
720-875-5432
Atlanta Braves (NASDAQ:BATRK)
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