Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 338

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 338
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 currently governed by the DGCL. If the combination is completed, holders of shares of Liberty Broadband capital stock will become stockholders of Charter. Specifically, holders of shares of Liberty Broadband common stock will become holders of Charter Class A common stock, and holders of shares of Liberty Broadband preferred stock will become holders of Charter rollover preferred stock. Upon the effective time, the rights of the former Liberty Broadband stockholders who receive merger consideration will be governed by the DGCL, the Charter certificate of incorporation and the Charter bylaws and, with respect to the former Liberty Broadband preferred stockholders, will be governed by the Charter certificate of designations, rather than the Certificate of Designations for the Liberty Broadband preferred stock (the “ Liberty Broadband certificate of designations”). The following is a summary of material differences between the rights of Liberty Broadband stockholders and Charter stockholders, but it does not purport to be a complete description of those differences or a complete description of the terms of the Charter Class A common stock or the Charter rollover preferred stock to be issued in connection with the combination. Furthermore, the identification of some of the differences in the rights of such holders as material is not intended to indicate that other differences that may be equally important do not exist. The following summary is qualified in its entirety by reference to the relevant provisions of the DGCL, the Liberty Broadband charter, the Liberty Broadband certificate of designations, the Liberty Broadband bylaws, the Charter certificate of incorporation, the Charter certificate of designations and the Charter bylaws. In addition, pursuant to the stockholders and letter agreement amendment, Charter, Liberty Broadband and A/N intend to discuss appropriate changes to the governance arrangements of Charter and the existing stockholders agreement, with such changes, if agreed by the parties and approved in accordance with applicable organizational documents and the existing stockholders agreement, to take effect upon the completion of the combination. Such changes are expected to give effect to the consummation of the combination, including, among other things, to reflect that Liberty Broadband will no longer be a stockholder of Charter upon such consummation. If the combination is completed, the existing stockholders agreement will terminate with respect to Liberty Broadband. You are urged to read carefully the relevant provisions of the DGCL, as well as the governing corporate instruments of each of Charter and Liberty Broadband. The Charter certificate of incorporation, the Charter certificate of designations and the Charter bylaws are exhibits to the registration statement of which this joint proxy statement/pro