Paramount Skydance to rebrand as Skydance Corporation and move to NYSE

Paramount Skydance Corporation intends to change its name to Skydance Corporation and transfer its Class B common stock listing from The Nasdaq Stock Market LLC to the New York Stock Exchange, with both actions expected to be effective on or about the market open on October 6, 2026. The company announced these moves on October 2, 2026, via a Form 8-K filed with the Securities and Exchange Commission. In connection with the listing change, the ticker symbol for the Class B common stock will change from "PSKY" to "SKYD." The company previously disclosed its intent to make these changes on September 25, 2026.

The filing details the mechanics of a warrant distribution that accompanies the listing transfer. The company's Board of Directors set a record date of the close of business on October 5, 2026, for the distribution of warrants to purchase shares of Class B common stock. Stockholders holding Class B common stock as of that record date will receive warrants, subject to specific exclusions. Excluded from the distribution are shares held by 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, successors, or transferees. The Paramount Global 401(k) Plan and the Paramount Global Master Trust are also excluded from receiving warrants.

The warrants are intended to be listed for trading on the New York Stock Exchange, subject to applicable approvals, and will trade separately from the Class B common stock. Due to the transfer of listing, Nasdaq does not intend to announce the ex-date for the Class B common stock in connection with the warrant distribution. Instead, the company understands that the New York Stock Exchange will announce the ex-date on or about October 6, 2026. Holders must maintain their positions through the date of issuance and distribution to receive the warrants.

The filing includes cautionary notes regarding forward-looking statements related to the timing and expectations of the proposed listing and warrant distribution. The company notes that actual results could vary materially from expectations due to risks associated with its proposed acquisition of Warner Bros. Discovery, Inc. (WBD). These risks include the possibility that closing conditions for the WBD merger will not be satisfied or that the merger will not be completed in the expected timeframe. Other cited risks include volatility in the price of the Class B common stock and warrants, as well as issues related to the company's dual-class capital structure and concentrated ownership.

The company is classified as a "controlled company" under Nasdaq rules and will be under New York Stock Exchange rules following the transfer, which grants it exemptions from certain corporate governance requirements. The filing states that it does not constitute an offer to sell or a solicitation of an offer to buy any securities. Further details on risks can be found in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent quarterly reports filed with the Securities and Exchange Commission.