SKYDANCE PROVIDES DETAILS ON SEPARATE TRADING OF SKYD CLASS B SHARES AND WARRANTS
Skydance Corporation provided details on the distribution of approximately 471 million warrants to holders of roughly 9% of its Class B common stock following the completed Warner Bros. Discovery acquisition. The warrants, one per Class B share held as of the October 5 record date, began trading October 13 under SKYD.WS at an official closing price of $2.20.
Key figures
- Warrant price
- 2.2
- Market cap pre
- $46.6B
- Warrant ticker
- SKYD.WS
- Market cap post
- $45.6B
- Warrants issued
- approximately 471 million
- Price adjustment
- $0.19368
- Shares outstanding
- approximately 5 billion
- Warrant pct of class b
- approximately 9%
- Pre adjustment class b price
- 9.27
- Post adjustment class b price
- 9.07
AI analysis
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