猫咪社区

猫咪社区 Closes Secondary Offering on Behalf of Selling Stockholders of Series C 猫咪社区 Formula One Common Stock

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 猫咪社区 (鈥溍ㄟ渖缜�鈥�) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it has closed its previously announced underwritten public offering on behalf of certain selling stockholders (the 鈥淪elling Stockholders鈥�) of 12,500,000 shares of 猫咪社区鈥檚 Series C 猫咪社区 Formula One common stock, par value $0.01 per share (鈥淔WONK鈥�), at a price to the public of $35.50 per share. The Selling Stockholders acquired the shares of FWONK offered in this offering in January 2017 in connection with the consummation of 猫咪社区鈥檚 acquisition (the 鈥淔ormula 1 Acquisition鈥�) of Delta Topco Limited, the parent company of Formula 1. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of FWONK on the same terms.

The Selling Stockholders received all of the net proceeds from the sale of their shares of FWONK. 猫咪社区 did not receive any proceeds from the sale of shares of FWONK on behalf of the Selling Stockholders in this offering.

Following the closing of the offering (and not taking into account any exercise by the underwriters of their 30-day option to purchase additional shares of FWONK from the Selling Stockholders), approximate ownership of the equity of the Formula One Group is comprised of⁽¹⁾: (i) 11%⁽²⁾ owned by the selling shareholders of Formula 1 (the 鈥淔ormula 1 Selling Shareholders鈥�) who acquired shares of FWONK in January 2017 in connection with the Formula 1 Acquisition and pro-forma for the dilutive impact of the Exchangeable Notes issued to the Formula 1 Selling Shareholders, (ii) 27%⁽²⁾ owned by certain third party investors who acquired shares of FWONK in January 2017 in connection with the Formula 1 Acquisition based on their ownership as of June 28, 2017 and (iii) the remaining percentage owned by other public shareholders (with 5% of the equity of the Formula One Group being comprised of shares offered by the Selling Stockholders in this offering).

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley acted as the book-running managers for the offering. The shares of FWONK were sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the SEC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of FWONK or any other securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of a public offering of shares of FWONK and the ownership of the Formula One Group following the closing. 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, including, without limitation, general market conditions. These forward-looking statement