Paramount Skydance to Move Class B Shares to NYSE on October 6
Filed with the SEC on · Summarized by InvestorsBot
Paramount Skydance said its Class B common stock is expected to stop trading on Nasdaq after market close on October 5, 2026, and begin trading on the New York Stock Exchange at market open on October 6. Separately, subject to the closing of its Warner Bros. Discovery acquisition, eligible shareholders of record on October 5 are expected to receive one warrant per share, with about 470 million warrants issued around October 13; the warrants’ exercise price will be between $12.00 and $16.02 per share. If all warrants were exercised for cash at the $12.00 minimum price, the company estimates gross proceeds of about $5.6 billion, although exercise could dilute existing shareholders and the warrants may expire worthless or have limited trading liquidity.