Skydance’s $11 billion stock drop outran its $1 billion warrant payout
Puck’s William D. Cohan reports that Skydance stock fell 24 percent after 471 million warrants, valued at $1 billion, went to minority shareholders, but the stock lost $11 billion in value, far more than the warrants’ worth.
Signal from puck.news · William D. Cohan · read the original.
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