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Liberty Broadband Spin-Off Of GCI Liberty Set For July 14, 2025; When-Issued Trading Begins July 11, 2025 Under "GLBAV" & "GLBKV", Regular Trading Starts July 15, 2025 On Nasdaq

Benzinga·07/10/2025 20:33:39
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Liberty Broadband Corporation ("Liberty Broadband") (NASDAQ:LBRDA, LBRDK, LBRDP))), announced today that, in connection with its upcoming spin-off (the "Spin-Off") of its wholly owned subsidiary GCI Liberty, Inc. ("GCI Liberty"), it has been advised by Nasdaq that shares of GCI Liberty's Series A common stock and Series C common stock will trade on a when-issued basis on The Nasdaq Global Select Market under the symbols "GLBAV" and "GLBKV", respectively, from July 11, 2025 through July 14, 2025. The Spin-Off is expected to occur after market-close on July 14, 2025 through the distribution, by means of a dividend, of GCI Liberty common stock to holders of record of Liberty Broadband common stock as of 5:00 p.m., New York City time, on June 30, 2025, the record date for the distribution. However, because Nasdaq has established July 15, 2025 as the ex-dividend date for the distribution, and as a result of related "due bill" trading procedures, persons acquiring shares of Liberty Broadband's Series A common stock and Series C common stock in the market through July 14, 2025 will still receive the respective shares of GCI Liberty in the Spin-Off. GCI Liberty Series A common stock and Series C common stock will begin trading in the regular way on Tuesday, July 15, 2025 on The Nasdaq Stock Market under the symbols "GLIBA" and "GLIBK", respectively. GCI Liberty Series B common stock has been approved for quotation on the OTC Markets under the symbol "GLIBB," and quoting is expected to begin on or around Monday, July 21, 2025.