Paramount Skydance Corporation (PSKY) announced key dates for its previously disclosed distribution of warrants to purchase Class B Common Stock, contingent on the closing of its acquisition of Warner Bros. Discovery. The company also disclosed its decision to voluntarily transfer its stock listing from The Nasdaq Global Select Market to the New York Stock Exchange (NYSE) in early October 2026.
Key Details
- Warrant Distribution: A record date of October 5, 2026, has been set, with an expected issue date of October 13, 2026. Shareholders will receive one warrant for each share of Class B Common Stock held.
- Stock Exchange Transfer: Trading on Nasdaq is expected to end at market close on or about October 5, 2026, with trading on the NYSE commencing at market open on or about October 6, 2026.
- Warrant Terms: Approximately 470 million warrants are expected to be issued. Each warrant will entitle the holder to purchase one share at an exercise price between $12.00 and $16.02, will have a 10-year term, and is intended to be listed on the NYSE.