Silver Point Capital L.P. Makes New $350 Million Investment in Liberty Media Acquisition Co. $LMACU

Silver Point Capital L.P. bought a new stake in Liberty Media Acquisition Co. (OTCMKTS:LMACU) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,000,000 shares of the company’s stock, valued at approximately $350,000,000. Liberty Media Acquisition makes up about 0.0% of Silver Point Capital L.P.’s holdings, making the stock its 14th biggest holding.

Separately, Ancora Advisors LLC acquired a new position in Liberty Media Acquisition during the 2nd quarter worth approximately $243,000.

Liberty Media Acquisition Price Performance

Liberty Media Acquisition stock opened at $10.08 on Thursday. Liberty Media Acquisition Co. has a one year low of $9.80 and a one year high of $10.85. The stock’s 50 day moving average price is $10.08 and its 200 day moving average price is $10.08.

Liberty Media Acquisition Profile

Liberty Media Acquisition Corporation (OTCMKTS: LMACU) is a special purpose acquisition company (SPAC) sponsored by Liberty Media Corporation. Incorporated in Delaware in early 2021, the firm raised capital through an initial public offering to pursue a business combination with one or more operating companies. As a blank check company, LMACU holds the net proceeds in a trust account pending the identification and completion of a qualifying transaction.

LMACU’s mandate is to seek strategic acquisitions primarily in the technology, media, telecommunications and consumer sectors.