Comcast Issues Preferred Shares in Private Placement to Subsidiaries

Reuters12-16 05:35

Comcast Issues Preferred Shares in Private Placement to Subsidiaries

Comcast Corporation has announced an unregistered sale of equity securities in connection with its planned spin-off of certain cable networks and digital assets. On December 15, 2025, Comcast issued an aggregate of 872,791.0278 Preferred Shares to certain wholly-owned subsidiaries through an exchange agreement, relying on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933. The transaction is intended to ensure these subsidiaries do not receive shares of Class A Common Stock of Versant Media Group, Inc. ("SpinCo") in connection with the planned spin-off. The Preferred Shares are redeemable for Comcast's Class A Common Stock and will be automatically redeemed if the SpinCo distribution is completed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Comcast Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-016136), on December 15, 2025, and is solely responsible for the information contained therein.

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