Skydance Corp — Form 8-K

On October 13, 2026, Skydance Corporation distributed 470,746,773 warrants to common stockholders as a dividend (one warrant per share held as of October 5, 2026 record date), excluding restricted holders. Each warrant is exercisable for one share of common stock at an initial $12.00 exercise price, expiring October 13, 2036. Warrants settle either via physical delivery (if registration statement effective) or net share settlement. Strike price and share count adjust for corporate events; additional shares deliver on change-of-control or liquidation events per a detailed table based on timing and sale price. Equiniti Trust Company acts as warrant agent. Filing also covers concurrent issuance of $3.4B+ in new second lien notes across 11 series (6.25%–6.35% coupons, due 2029–2052).