GCI Liberty, Inc. Announces Completion of Rights Offering

GCI Liberty, Inc. has announced the successful completion of its rights offering, which concluded on December 17, 2025. The offering generated approximately $300 million in proceeds, intended for general corporate purposes including working capital, capital expenditures, and debt repayment or refinancing. A portion may also be allocated to strategic acquisitions, investments, or partnerships. The rights offering was fully subscribed, with 11,059,127 shares of Series C GCI Group common stock to be issued. Approximately 95% of the shares were subscribed through basic privileges, with the remainder allocated pro rata among those exercising oversubscription privileges. Shares were issued on December 23, 2025. Refunds for unfulfilled oversubscriptions are expected around December 23, 2025. The company also provided a cautionary note regarding forward-looking statements and a brief overview of its business as Alaska's largest communications provider.