Comscore announced on September 29, 2025, a signed recapitalization transaction with its preferred stockholders, including Charter Communications and Liberty Broadband Corporation. This transaction aims to reduce senior capital in the company’s capital structure and eliminate the preferred dividend burden.
The recapitalization is designed to eliminate over $18.0 million in annual preferred dividends and a current right to a special dividend of at least $47.0 million. Preferred stockholders will exchange existing Series B preferred shares for common stock and shares of a new Series C preferred stock.
Approximately $80.0 million of existing liquidation preference will be exchanged for common stock at an effective price of $8.11 per share, representing a 48% premium to the 90-day VWAP as of September 26, 2025. The remaining $183.7 million of liquidation preference will be exchanged for new Series C preferred stock at $14.50 per share, convertible 1:1 into common stock, with no annual dividends.
The transaction, which is subject to stockholder approval, including a separate vote by disinterested common stockholders, is expected to close in December 2025. This restructuring is intended to strengthen corporate governance, realign interests across stockholders, and position Comscore for future investment and growth.
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