Skydance Details Separate Trading of Class B Shares and Warrants

Skydance Corporation announced on October 14, 2026, details concerning the distribution of warrants and their separate trading on the New York Stock Exchange (NYSE). The company is distributing warrants as part of a previously announced allocation of approximately 9% of its Class B common stock.

The company consummated its acquisition of Warner Bros. Discovery on October 6, 2026. In connection with this, Skydance distributed on October 13, 2026, one warrant to purchase one share of Class B common stock for each Class B share held by a public stockholder as of October 5, 2026. The total number of warrants issued was approximately 471 million, and they began trading on the NYSE under the symbol SKYD.WS.

The NYSE disclosed on October 13 a planned adjustment to the Class B common stock value. This adjustment, a decrease of approximately $0.19368 per share, is based on the warrants' official closing price of $2.20. According to the exchange, the adjustment was made proportionally to the percentage (approximately 9%) that the Class B shares entitled to receive warrants represent of the total outstanding shares.

Skydance is a global media and entertainment company, consolidating various well-known brands including Paramount and Warner Bros. Discovery. The company operates across three business segments: Studios, Direct-to-Consumer, and TV Media.