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Thursday, July 31, 2025

Equity Corporate Actions Alert #2025 - 414
(UPDATED: Merger closed) Information Regarding the Merger of Paramount Global (PARAA & PARA) and Skydance Media, LLC

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  • Industry Announcement

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The merger of Paramount Global (PARAA & PARA) and Skydance Media, LLC was approved by way of written consent and subsequently closed prior to the market open on Thursday, August 7, 2025. In anticipation of the closing, the stocks were halted immediately following the after-hours session at or around 7:50 p.m. on August 6, 2025. The stocks will remain halted on the day of closing (August 7th) and will be suspended effective August 8, 2025. The details are as follows:

Company Name/Issue: Paramount Global Class A Common Stock
CUSIP#: 92556H107
Symbol: PARAA
Last Trading Date: August 6, 2025
Marketplace Effective Date for Suspension: August 8, 2025
Merger Consideration: 1.5333 shares of Paramount Skydance Corporation Class B Common Stock (PSKY) for each share held. Subject to Election.
Company Name/Issue: Paramount Global Class B Common Stock
CUSIP#: 92556H206
Symbol: PARA
Last Trading Date: August 6, 2025
Marketplace Effective Date for Suspension: August 8, 2025
Merger Consideration: One (1) Paramount Skydance Corporation Class B Common Stock (PSKY) for each share held. Subject to Election.

As a result of the merger the combined company will be listed on the Nasdaq Global Select Market, subject to closing. The details are as follows:

Company Name/Issue: Paramount Skydance Corporation Class B Common Stock
CUSIP#: 69932A204
Symbol: PSKY
First Trade Date: August 7, 2025

If you would like to register as a market maker in PSKY, contact Nasdaq Trading Services at +1 212 231 5100.

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