Skydance Provides Details on Separate Trading of Class B Shares and Warrants
On October 13, 2026, Skydance Corporation (NYSE: SKYD) distributed warrants to approximately 9% of its public holders of Class B common stock in connection with the completed acquisition of Warner Bros. Discovery on October 6, 2026. A total of around 471 million warrants were issued and began trading under the symbol SKYD.WS on the New York Stock Exchange (NYSE). The ex-dividend date was set for October 14, 2026. The NYSE adjusted the Class B common stock price from approximately $9.27 to $9.07 based on a pro rata calculation using the closing warrant price of $2.20. This adjustment reflects the distribution's impact relative to total shares outstanding (approximately 5 billion). The market cap decreased slightly, but the overall equity value remained unchanged at around $46.6 billion. Skydance is now composed of three business segments: Studios, Direct-to-Consumer, and TV Media, combining major brands like Paramount, Warner Bros., HBO Max, CBS, and others.
Topics: merger and acquisition stock distribution warrants
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Part of the story Skydance Stock Drops 23.8% as Warrants Begin Separate Trading (5 articles)