Skydance stock price falls after warrant distribution to shareholders

Skydance gave shareholders one warrant for every Class B share they held on October 5, 2026. The warrants let holders buy one new share at $12 each. Trading in the warrants began on October 16 under the ticker "SKYD WS", opening at $2.20. On the same day, Skydance's stock price fell by roughly 22 to 26 percent, closing near $6.78 to $7.06 per share. The New York Stock Exchange adjusted its official closing price down by about $0.19 per share. Analysts say the drop reflects the warrant distribution, not any problem with the business. Skydance was created when Paramount Global and Warner Bros. Discovery merged on October 6, 2026. The combined company carries around $79 billion in net debt.