PSKY to Distribute 470M Warrants for WBD Acquisition; Transfers Listing to NYSE
· The NYC Memo
Paramount Skydance Corporation (PSKY) announced plans to distribute approximately 470 million warrants to purchase Class B Common Stock, contingent on the closing of its acquisition of Warner Bros. Discovery, Inc. The Board set October 5, 2026, as the record date for the warrant distribution, expected on October 13, 2026, with an initial exercise price between $12.00 and $16.02 per share.
Concurrently, PSKY will transfer its Class B common stock listing from The Nasdaq Global Select Market to the New York Stock Exchange, with NYSE trading anticipated to begin on or about October 6, 2026.