Skydance Corporation has distributed warrants to purchase Class B Common Stock as a dividend to shareholders following the completion of its merger with Warner Bros. Discovery. The distribution provides one warrant for each share of Class B Common Stock held on the record date.
Key Details
- Warrant Issuance: The company issued 470,746,773 warrants on October 13, 2026, to stockholders of record as of October 5, 2026.
- Terms: Each warrant has an initial exercise price of $12.00 per share and is subject to customary anti-dilution adjustments.
- Merger Context: The warrant distribution follows the completed merger with Warner Bros. Discovery, Inc. on October 6, 2026.
- Trading Blackout: A temporary blackout period for the company's 401(k) plan began on October 5, 2026, and is expected to end during the week of October 18, 2026, to process related share adjustments in lieu of warrants for the plan.