Paramount Skydance to close WBD deal, change ticker to SKYD

Paramount Skydance Corporation (NASDAQ: PSKY) announced that its acquisition of Warner Bros. Discovery, Inc. is expected to close on October 6, 2026, subject to customary closing conditions.

In connection with the closing, the company intends to transfer its Class B common stock listing from Nasdaq to the New York Stock Exchange, with the change expected to take effect at market open on October 6, 2026. The company will also change its ticker symbol from "PSKY" to "SKYD" and rename itself Skydance Corporation, pending an amendment to its certificate of incorporation, also expected on October 6, 2026.

The company announced key dates related to a previously disclosed distribution of one warrant to purchase one share of Class B common stock for each eligible share held as of the record date. Certain holders are excluded from the distribution, including Lawrence J. Ellison, David F. Ellison, Gerald J. Cardinale, The Lawrence J. Ellison Revocable Trust, RedBird Capital Partners Fund IV (Master), L.P., and their respective affiliates, as well as the Paramount Global 401(k) Plan and the Paramount Global Master Trust.

Key dates for the warrant distribution are as follows:

- Record Date: October 5, 2026
- Issue Date: October 13, 2026
- Ex-Dividend Date: October 14, 2026

The warrants are expected to trade on the NYSE under the ticker symbol "SKYDW," with CUSIP 69932A113 and ISIN US69932A1135, subject to applicable approvals, separately from the company's Class B common stock.

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