Skydance distributes 471 million warrants: StoneX target for Skydance stock is USD 11

Published on 10/15/2026 at 11:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Skydance distributed 471 million warrants on October 13, 2026. Skydance stock costs EUR 6.30 on October 15, 2026 at Lang & Schwarz.

Capital structure and valuation

Skydance distributed 471 million warrants on October 13, 2026.
StoneX set a USD 11.00 target on October 12, 2026.
Skydance stock trades at EUR 6.30 at 11:03 a.m. CEST at Lang & Schwarz on October 15, 2026.
Next earnings are scheduled for November 4, 2026.

Paramount Skydance, US69932A2042, Illustration mit AI erstellt.

Skydance (ISIN US69932A2042) distributed 471 million warrants to eligible Class B shareholders on October 13, 2026, creating a separate security alongside the stock. The move followed the October 6 closing of the Warner Bros. Discovery acquisition and is the immediate catalyst for the company's new capital structure, according to PR Newswire.

Warrants change the share structure

The warrants began trading on the New York Stock Exchange on October 13, 2026, under the symbol SKYD.WS, with an exercise price of USD 12.00 and an expiry in 2036. The company said the NYSE adjusted the Class B share reference price by USD 0.19368 after the warrants closed at USD 2.20 on October 13, 2026, separating part of the combined equity value from the common stock.

What does the valuation imply?

StoneX analyst Daniel Kurnos lowered the price target for Skydance from USD 16.00 to USD 11.00 on October 12, 2026, while keeping a Buy rating, according to Markets Insider. The note argued that Skydance could merit a valuation multiple closer to Fox despite a weaker balance sheet. That contrast puts leverage and integration execution ahead of simple content scale in the investment debate.

Three dates define the reset

On October 6, 2026, Skydance completed the Warner Bros. Discovery acquisition and began trading on the NYSE under SKYD, as PR Newswire reported. On October 12, 2026, StoneX cut its target to USD 11.00 from USD 16.00. On October 13, 2026, the company distributed 471 million warrants.

The next substantiated date is November 4, 2026, when Skydance is scheduled to report earnings, according to Stock Analysis. The enlarged group is targeting at least USD 6.00 billion in run-rate synergies within three years, while its post-merger integration and debt burden remain central execution factors.

Stock price after the distribution

Skydance stock was trading at EUR 6.30 at Lang & Schwarz on October 15, 2026 at 11:03 a.m. CEST. The quote provides the current German-market perspective while the warrant separation explains why the stock reaction must be read alongside the value of the newly listed warrants. The further course of trading is shown by the continuously updated real-time quote of Skydance stock.