secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Skydance Corp (PSKY)
CIK:        0002041610
Form:       8-K12B
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001193125-25-175046
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paramount Skydance closes merger with Skydance, $6B PIPE; PSKY lists on Nasdaq
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- On Aug 7, 2025, merger closed; Paramount shareholders received $23/sh or 1.5333 PSKY shares (Class A) or $15/sh cash or stock (Class B).
- NAI Equity Investors (Pinnacle/RedBird) bought NAI and, with a Skydance affiliate, invested $6B for 400M PSKY shares at $15/sh and 200M warrants at $30.50.
- Paramount Skydance (ticker PSKY) is successor issuer; Class B Common Stock trades on Nasdaq. Former Paramount governance agreement terminated.
- Class B cash elections were oversubscribed; proration applied so ~60.9% of electing shares received $15/sh cash, remainder stock.
- Post-closing, 1.064B Class B shares outstanding; NAI holds all 31.5M Class A shares (not listed).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2041610/000119312525175046/0001193125-25-175046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2041610/000119312525175046/d841914d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-175046

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