Paramount to shift Class B shares from Nasdaq to NYSE in October
Paramount Skydance will move its Class B shares from Nasdaq to the New York Stock Exchange in early October.
Trading in the shares will end on Nasdaq at market close on 5 October and begin on the NYSE on 6 October. The company announced the plan on Friday, 25 September, after its board of directors authorised the switch Deadline.
A listing is the exchange where shares are bought and sold. The ticker stays the same. Class B Common Stock will continue to trade as PSKY, according to company filings with the US Securities and Exchange Commission.
Class B shares are the non-voting shares, meaning holders do not vote on company matters. Class A shares are the voting shares, according to Reuters reporting on the company’s structure.
Paramount said the October dates could still change. In an SEC filing, the company cited its still-pending 110 billion US dollar merger with Warner Bros. Discovery and said the exchange move may be cancelled or postponed if closing conditions shift Deadline.
That merger is driving a busy calendar. If the Warner Bros. Discovery deal is not closed by 1 October, Paramount has agreed to pay WBD shareholders a 7 million US dollar per day ticking fee, a payment that accrues until closing. Paramount also expects to distribute warrants to purchase Class B shares on 13 October, contingent on closing of the merger.
Money is part of the timetable too. Paramount intends to raise about 44.4 billion US dollars of additional secured debt to fund the deal, including a 7.5 billion US dollar incremental term loan B facility, according to Reuters reporting published 24 September Reuters.
The exchange switch follows a recent corporate reset. Trading in the old Paramount Global Class A and Class B shares was halted as of the close of business on 6 August 2025, ahead of the formation of Paramount Skydance Corporation, according to an SEC filing SEC filing.
For viewers, this changes nothing on screen. No shows move. No streaming app changes hands yet. What makes this stand out is the plumbing underneath, with the company repositioning its stock while it tries to finalise a takeover that would reshape two studio libraries, cable networks and streaming services.
