Liberty Broadband Rights Offering Sets Subscription Price
Snack-Sized Version:
The Liberty Broadband rights offering terms have been finalized, offering a discounted entry point for existing shareholders. On November 25, 2025, the company’s subsidiary, GCI Liberty, announced that it will distribute rights to purchase Series C GCI Group common stock at a subscription price of $27.20 per share. This price represents an approximate 20 percent discount to the recent volume-weighted average trading price. The rights distribution is set to commence for holders of record as of late November. Liberty Broadband Press Release.
| Deal: At a Glance | |
|---|---|
| Value / price | $27.20 subscription price. |
| Consideration | Series C Rights. |
| Premium | ~20% discount to VWAP. |
| Expected close | Commences Nov 26, 2025. |
| Rationale | Capital structure optimization. |
Source: Joint press release; 8-K; merger filing.
Read the Full Meal:
Liberty Broadband has finalized the terms of its rights offering, creating a discounted entry point for existing shareholders. On November 25, 2025, subsidiary GCI Liberty announced it will distribute rights to purchase Series C GCI Group common stock at a subscription price of $27.20 per share. This price reflects an approximate 20 percent discount to the recent volume-weighted average. The company will begin the rights distribution for holders of record in late November. Liberty SEC Filings.
Capital Strategy
- Capital allocation: Rights offering allows for equity fundraising without traditional secondary offering costs.
- Growth drivers: Proceeds may fuel further investment in the Charter ecosystem.
- Margins: N/A for this transaction type.
- Risks: Dilution for shareholders who do not exercise their rights.
Quick links
- Official source: Liberty Broadband News
- IR hub: events and presentations · filings
- Our coverage: Liberty Broadband Corp News Hub
Why this can matter for LBRDK holders
- Continuity: Participation allows shareholders to maintain their proportional ownership.
- Cycle timing: Raising capital during a stock upswing maximizes value.
- Multiple support: The discount provides an immediate arbitrage or value accumulation opportunity.
What to watch next
- Official filing: Review the prospectus supplement for full exercise instructions.
- Next event: Rights expiration date (check specific offering documents).
- Board, governance, or roadmap: Updates on the eventual Charter merger discussions.
Mini FAQ
What is the subscription price?
The price is set at $27.20 per share.
When do the rights trade?
The ex-dividend date for the rights distribution is expected to be November 26, 2025.