SPAC Liberty Media to unwind before end of year, ahead of new excise tax

Nov. 16, 2022 12:14 PM ETLiberty Media Acquisition Corporation (LMACA)FWONABy: Val Kennedy, SA News Editor

SPAC - Special Purpose Acquisition Company -- text on a torn dollar bill

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Liberty Media Acquisition Corp. (NASDAQ:LMACA) shareholders have approved a charter amendment that will allow it to unwind by year's end, after which the SPAC may have been required to pay a new 1% federal excise tax on any share repurchases

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