Liberty Media Files Prelim Prospectus on $500M IPO

With the latest PIPE investment, the SPAC now has about $258.4 million (including $230 million cash in trust) available for the deal.

The goal is for the SPAC to meet the listing requirements of the Nasdaq, including a minimum capitalization of at least $50 million, ahead of any redemptions in connection with the shareholders’ meeting April 16.