Liberty Media Acquisition Corporation announced private placement of 10,000,000 pre-paid warrants at a price of $1.50 per warrant for gross proceeds of $15,000,000 on January 26, 2021. The company has entered into warrant purchase agreement with the investor. The transaction involves participation from Liberty Media Acquisition Sponsor LLC. Each private placement warrant is exercisable for one share of class A common stock at a price of $11.50 per share. Once the warrants become exercisable, the company may redeem the outstanding warrants for cash. The company has exercised its over-allotment option and issued 1,000,000 warrant. The transaction will close concurrently with closing of public offering. The company issued warrants pursuant to Regulation D.