Liberty Broadband completes spin-off of GCI Liberty, trading begins July 15.

Liberty Broadband Corporation has completed the spin-off of GCI Liberty, Inc., creating two separate publicly traded companies. GCI Liberty Series A and C common stocks will trade on Nasdaq under symbols GLIBA and GLIBK, respectively, while Series B common stock will be quoted on the OTC Markets under GLIBB.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has completed the spin-off of GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBK), resulting in two separate publicly traded companies. The spin-off, effective at 4:30 p.m. New York City time on July 14, 2025, has created distinct entities for Liberty Broadband and GCI Liberty.

GCI Liberty Series A and Series C common stocks will commence trading on The Nasdaq Stock Market under the symbols GLIBA and GLIBK, respectively, beginning on July 15, 2025. GCI Liberty Series B common stock has been approved for quotation on the OTC Markets under the symbol GLIBB, with quoting expected to begin on or around July 21, 2025. As of the spin-off, GCI Liberty has outstanding 3,650,938 shares of Series A common stock, 400,806 shares of Series B common stock, and 24,646,041 shares of Series C common stock. Additionally, GCI Liberty has 10,000 shares of 12% Series A Cumulative Redeemable Non-Voting Preferred Stock, which are not expected to be listed on The Nasdaq Stock Market or quoted on the OTC Markets.

Marty E. Patterson has been appointed President and CEO of Liberty Broadband, while John C. Malone will remain Chairman of the Boards of Liberty Broadband and GCI Liberty. Liberty Broadband’s Series A, B, and C common stocks, as well as Series A Cumulative Redeemable preferred stock, will continue trading or being quoted on their respective markets following the spin-off until the consummation of the previously announced merger with Charter Communications, Inc. (Charter). This merger is set to occur contemporaneously with the combination of Charter and Cox Communications.

The spin-off and subsequent mergers are subject to certain risks and uncertainties, including satisfaction of the conditions to the transactions described herein. All forward-looking statements in this communication are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements [1].

References:

[1] https://finance.yahoo.com/news/liberty-broadband-corporation-completes-spin-213400987.html
[2] https://www.morningstar.com/news/business-wire/20250714432074/liberty-broadband-corporation-completes-spin-off-of-gci-liberty-inc