Item 4.02 Non-compliance with previously issued financial statements or related audit report or completed interim review.

In connection with the preparation of its annual report on Form 10-K for the fiscal year ended December 31, 2021, Liberty Media Acquisition Company (the “Company”) management determined that it should account for its forward purchase agreement as a single stand-alone financial instrument as opposed to two stand-alone financial instruments under which the equity to be issued would be treated as equity and the underlying warrants to be issued were accounted for in accordance with the guidance contained in Accounting Standards Codification Topic 815, Derivatives and Hedging. Following the measurement of the forward purchase contract as a single stand-alone financial instrument, the company now classifies the entire forward purchase contract as a liability at its fair value and adjusts the contract to forward purchase at fair value each reporting period through transaction statements.

At March 23, 2022the Audit Committee of the Board of Directors of the Company (the “Audit Committee”), after reviewing management’s recommendations, has determined that the previously released balance sheet (i) of the Company, dated January 26, 2021included in a current report on Form 8-K filed by the company on February 1, 2021(ii) the unaudited interim financial statements included in the company’s Quarterly Report Form 10-Q for the quarterly period ended March 31, 2021 filed with the SECOND to May 17, 2021(iii) the unaudited interim financial statements included in the company’s Quarterly Report Form 10-Q for the quarterly period ended June 30, 2021 filed with the SECOND
to July 16, 2021 and (iv) the unaudited interim financial statements included in the Company’s Quarterly Report Form 10-Q for the quarterly period ended September 30, 2021 filed with the SECOND to October 19, 2021 should be restated for the forward purchase contract and no longer invoked.

The audit committee and management have discussed the matters described in this point 4.02 with Marcum LLPhis registered independent accounting firm.

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