Summary by Moomoo AI
On September 16, 2024, Sirius XM Holdings Inc. (Sirius XM) announced the consolidation of adjusted Liberty SiriusXM Series C options (SIRI3) into adjusted Liberty SiriusXM Series A options (SIRI2), effective September 17, 2024. This follows an adjustment to the deliverable of SIRI3 options, which now includes 83 Sirius XM common shares and $21.44 in cash, matching the SIRI2 options deliverable. The Options Clearing Corporation (OCC) will eliminate the trading symbol SIRI3 as a result of this consolidation. Clearing members are instructed to use the SIRI2 symbol for all existing SIRI3 options starting from the effective date. The consolidation is scheduled to occur after the processing of positions on September 16, 2024, and before the opening of business on September 17, 2024.
