{
  "schema_version": 1,
  "reviewed": "2026-10-20",
  "methodology": "3.12",
  "note": "Explicit Index conventions for verified security events. Raw vendor observations and sealed publication archives are preserved. Distribution factors apply only to the working adjusted-price series, never to the raw price cache. Dollar values are USD.",
  "cash_exits": [
    {
      "id": "wbd-cash-acquisition-2026",
      "ticker": "WBD",
      "last_trade_date": "2026-10-05",
      "ex_date": "2026-10-06",
      "cash_usd": 31.01666668,
      "note": "Ordinary WBD shares were canceled for cash on completion. Value the old holding at the contractual cash entitlement on 6 October, then redistribute it at that session's close under the dated-removal rule. There is no WBD-to-SKYD share exchange.",
      "sources": [
        "https://www.sec.gov/Archives/edgar/data/1437107/000119312526415055/d200872d8k.htm",
        "https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2026-710"
      ]
    }
  ],
  "distributions": [
    {
      "id": "skyd-warrant-distribution-2026",
      "ticker": "PSKY",
      "quote_symbol": "SKYD",
      "ex_date": "2026-10-14",
      "valuation_date": "2026-10-13",
      "value_usd": 2.2,
      "prior_close_usd": 9.27,
      "ex_close_usd": 7.06,
      "units_per_public_share": 1,
      "method": "capital_distribution_prior_close",
      "note": "Capital-distribution adjustment using the issuer-confirmed 13 October when-issued warrant closing value, one warrant per eligible public share. Multiply pre-14 October working share prices by (9.27 - 2.20) / 9.27. This is an Index valuation/reinvestment convention, not an actual warrant trade or the unverified 14 October warrant close. The warrant is not a continuing Index constituent. The NYSE's diluted-share reference adjustment of $0.19368 is not the eligible public holder's full entitlement. The implied reinvestment reference is the theoretical ex-distribution common value USD 7.07.",
      "sources": [
        "https://www.sec.gov/Archives/edgar/data/2041610/000110465926115294/tm2626659d12_8k.htm",
        "https://ir.paramount.com/news-releases/news-release-details/skydance-provides-details-separate-trading-skyd-class-b-shares",
        "https://www.nyse.com/api/notifications/public/summary/110000960892?systemId=1"
      ]
    }
  ]
}