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Liberty Media Acquisition Corporation, the special purpose acquisition corporation of Liberty Media Corp. raised $575 million in its Jan. 22 initial offering on the Nasdaq exchange, the company announced Tuesday (Jan. 26). Liberty Media Corp. owns a majority of SiriusXM and about a third of Live Nation.

Trading under LMACU, Liberty’s SPAC will “identify, acquire and operate” a business with “attractive risk-adjusted returns” within Liberty’s comfort zone: “digital media, media, music, entertainment, communications, telecommunications and technology industries,” according to the prospectus filed with the SEC on Jan. 21.

https://www.billboard.com/articles/business/9516694/liberty-media-spac-raised-575m-public-offering/

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