Paramount Skydance Sets Warrant Distribution Terms and Moves Listing to NYSE
PSKY sits 31% above its 52-week low of $7.62.
Summary
Paramount Skydance set October 5 as the record date and October 13 as the issue date for its previously announced warrant distribution, expecting to issue ~470 million warrants with a $12.00–$16.02 exercise price. The company is also moving its listing from Nasdaq to NYSE.
Key Events · Financing and Capital Events · PSKY
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Warrant Distribution Terms Finalized
Record date set for October 5, 2026; issue date on or about October 13, 2026. Approximately 470 million warrants will be distributed to eligible Class B shareholders, one warrant per share.
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Exercise Price Range Established
Each warrant entitles the holder to buy one Class B share at an exercise price between $12.00 and $16.02, determined by the 20-day VWAP prior to the WBD Merger closing.
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Potential $5.6B Capital Inflow
If all 470 million warrants are exercised for cash at the $12.00 minimum, the company would receive approximately $5.6 billion in gross proceeds for general corporate purposes.
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Listing Transfer to NYSE
Class B Common Stock will voluntarily delist from Nasdaq at market close on or about October 5, 2026, and begin trading on the NYSE at market open on or about October 6, 2026.
Analysis · PSKY · Technology
Paramount Skydance has set concrete dates and terms for its previously announced warrant distribution tied to the Warner Bros. Discovery acquisition. The company will issue approximately 470 million warrants to eligible Class B shareholders, with an exercise price between $12.00 and $16.02 per share. If fully exercised at the minimum price, the company could receive roughly $5.6 billion in cash proceeds. The warrants are not dilutive at issuance — dilution only occurs if and when holders exercise them. The company is also voluntarily transferring its listing from Nasdaq to NYSE, with trading expected to begin on the NYSE on or about October 6, 2026. This filing finalizes the mechanics of a major capital event that has been pending since April 2026, and the listing transfer is a material operational change.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.7% of the 1013 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PSKY was trading at $10.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $7.62 to $20.09. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.