Technology
Project Eleven Launches Strongpoint for Post-Quantum Custody with Zcash Foundation as Initial Development Partner
Published
44 minutes agoon
By
Zcash Foundation joins Project Eleven to shape institutional custody infrastructure for the post-quantum and AI era as more than $1 trillion in digital assets remain at risk of attack by sufficiently powerful quantum computers.
NEW YORK, Oct. 6, 2026 /PRNewswire/ — Project Eleven, the post-quantum security company for digital assets, today introduced Strongpoint, its flagship custody platform built for navigating the transition to post-quantum cryptography. Zcash Foundation joins Project Eleven as an initial development partner, helping shape Strongpoint’s institutional custody architecture.
Strongpoint is designed to give institutions a consistent control layer for securing and managing digital assets as networks change the cryptographic standards underneath them. Rather than rebuilding key-management, transaction approval, and audit infrastructure for each new signature scheme or network migration, institutions can maintain a common set of security controls while the underlying cryptography evolves.
“Institutional digital asset custody was built for a world where the cryptography underneath it rarely changed,” said Alex Pruden, CEO of Project Eleven. “Quantum computing is upending that model. If every network adopts a different solution, institutions could be forced to rebuild their security infrastructure again and again. Strongpoint is built around crypto-agility, so the cryptography can change without the infrastructure changing with it.”
“Institutions holding shielded ZEC need custody infrastructure that respects Zcash’s privacy model today and can adapt as cryptographic standards change,” said Alex Bornstein, Executive Director of Zcash Foundation. “Project Eleven is building Strongpoint with the crypto-agility and technical foundation needed to support those requirements over time, helping strengthen custody infrastructure for the broader ecosystem.”
Zcash Foundation Joins as an Initial Development Partner
Zcash Foundation joins as an initial development partner for Strongpoint, bringing its expertise in privacy-preserving cryptography and protocol engineering to Strongpoint’s institutional custody architecture. Zcash’s privacy-preserving design introduces sophisticated key-management and transaction requirements, making it a valuable environment for developing custody infrastructure capable of supporting evolving cryptographic standards.
The collaboration will help inform how Strongpoint handles network-specific requirements while maintaining a consistent institutional control framework across assets and cryptographic schemes.
Post-Quantum Migrations Are Taking Different Paths
The digital asset industry’s post-quantum transition is becoming a coordination challenge. Among the networks represented by the 20 largest assets in CoinGecko’s Layer 1 (L1) category by market capitalization, Project Eleven found that only 10 have published a network-specific technical proposal, roadmap or implementation path for migrating transaction or account authentication to post-quantum cryptography.
Those approaches span at least six proposed post-quantum signature schemes and vary significantly in how they address account migration, key rotation and legacy-asset recovery. Even where technical roadmaps exist, operational readiness remains uneven, leaving institutions to navigate different standards and requirements across networks.
For institutions operating across multiple networks, that fragmentation means accommodating different cryptographic standards and migration requirements without losing a consistent security model. Strongpoint is designed to provide that common operating layer while allowing the cryptography beneath it to change independently.
Early Access and Deployment
Project Eleven targets production deployment in Q4 2026 and is working with a limited group of development partners ahead of general availability. Additional development partners and supported networks will be announced. Institutions interested in early access can request more information at projecteleven.com/strongpoint.
Founded in 2024 by Alex Pruden and Conor Deegan, Project Eleven raised a $20 million Series A led by Castle Island Ventures in January 2026, bringing its total funding to $26 million. The company recently acquired Riva Labs, a specialized engineering firm with deep expertise in post-quantum signatures, wallet infrastructure and blockchain cryptography, expanding Project Eleven’s in-house research and protocol-engineering capabilities.
Methodology: Project Eleven reviewed the 20 largest assets in CoinGecko’s Layer 1 (L1) category by market capitalization on September 25, 2026. A network was counted only where an official network organization, foundation, core development team or recognized protocol-improvement process had published a network-specific technical proposal, roadmap or implementation path for migrating transaction or account authentication to post-quantum cryptography. General research programs, statements of intent and post-quantum work that did not specify such a migration path were not counted. Draft technical proposals were included and do not imply network approval or adoption.
Alex Pruden and Conor Deegan are available for interview.
About Project Eleven
Project Eleven builds resilient infrastructure and tooling for the post-quantum era. The company develops scalable solutions that strengthen security across a rapidly evolving quantum threat landscape. With deep expertise in cryptography, blockchain, and financial systems, Project Eleven bridges advanced post-quantum research with real-world implementations that prepare the digital asset ecosystem for the future. For more information, visit www.projecteleven.com.
About Zcash Foundation
Zcash Foundation, a 501(c)(3) public charity, builds financial privacy infrastructure for the public good, primarily serving users of the Zcash protocol and blockchain. With expertise in cryptography, protocol engineering, and open-source development, Zcash Foundation works to sustain and improve open financial networks that allow anyone to protect their own privacy, on their own terms. For more information, visit zfnd.org.
Media Contacts
Aubrey Strobel / Elena Nisonoff, Halcyon Communications
projecteleven@halcyonpr.xyz
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SOURCE Project Eleven
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Technology
AGON Unveils OC1050Hz Gaming Monitor Delivering Millisecond Fluidity
Published
44 minutes agoon
October 7, 2026By
AGP257FT combines an overclocked to 1050Hz refresh rate, 0.1ms MPRT response time, Oxide panel, NVIDIA G-SYNC Compatible performance and advanced eye-comfort technologies for next-generation competitive gaming.
LOS ANGELES, Oct. 6, 2026 /PRNewswire/ — AGON, the world’s No.1 gaming monitor brand for seven consecutive years according to 2025 IDC reports, today announces the upcoming AGP257FT. Designed for professional competitors and performance-driven gamers, this groundbreaking esports monitor takes responsiveness and motion clarity to a new level.
The AGP257FT incorporates proprietary ultra-high-refresh-rate gaming LCD technology. Its native Oxide panel combines fast-response liquid-crystal materials with integrated GIA circuit design to support a OC1050Hz refresh rate at 1920 × 1080 resolution.
This advanced panel architecture enables faster pixel driving and overcomes the slower voltage-response limitations of conventional LCD panels. The result is smoother motion, lower frame delay and more immediate visual feedback. Combined with an ultra-fast 0.1ms MPRT, rapid movements, flick shots and fast-changing scenes appear sharper and clearer during high-speed action.
Extreme Motion Clarity and Advanced Eye Comfort for Extended Play
Motion Blur Reduction Plus (MBR+) minimizes perceived blur during rapid movement for sharper object definition. NVIDIA G-SYNC Compatible technology synchronizes the display’s refresh rate with compatible GPU output to reduce screen tearing and stuttering while maintaining responsive gameplay. VESA DisplayHDR™ 400 support brings greater brightness and visual impact in compatible games without compromising competitive performance.
The AGP257FT’s hardware-based Low Blue Light solution reduces harmful shortwave blue light at the backlight source while preserving natural colors without the yellow tint caused by software filters. Its TÜV Rheinland-certified Circular Polarization technology, verified at over 50% circularity, produces light that more closely resembles natural sunlight, helping reduce glare, visual harshness and eye fatigue without compromising display performance.
A New Benchmark for Esports Displays
Combining OC1050Hz performance, 0.1ms MPRT, a Fast IPS Technology, MBR+, NVIDIA G-SYNC Compatible support and advanced Circular Polarization technologies, the AGP257FT establishes a new benchmark for extreme-speed gaming with enhanced visual comfort.
About AOC
Founded in 1967, AOC is a globally leading monitor and IT accessories brand and a subsidiary of TPV Technology Limited, one of the world’s largest display manufacturers. AOC delivers innovative, ergonomic and environmentally conscious solutions for professional and personal applications.
AGON, AOC’s gaming sub-brand, offers high-performance gaming monitors and accessories for core gamers, competitive players and esports professionals.
Brief Spec:
Model Name
AGP257FT
Panel Size
24.5
Panel type
IPS (ADS Pro)
Panel Aspect ratio
16:9
Contrast ratio (typical / minimum)
1000:1 (Typical)
Panel Surface Treatment
AG
Panel Haze Value
25 %
Anti blue light (Hardware)
Yes
Flicker free
YES, Flicker Free =
SDR (MBR+=0 , MBR Sync = Off and OD at Strong /medium /low / Off)
HDR (MBR+=0 , MBR Sync = Off, OD at Strong /medium /low / Off and local dimming = Off)
HDR spec
HDR 400
Panel local dimming
20 zone
Panel bezel
3FL
Panel backlight type / Cell array
W-LED
Panel Curvature
Flat
Panel Resolution
1920×1080
Panel Refresh rate
1000Hz
Default resolution by input
DP2.1 : 1920×1080@60Hz
HDMI2.1 : 1920×1080@60Hz
Max resolution by input
DP2.1 : 1920×1080@1000Hz(444 10bit); Overclock 1050Hz
HDMI2.1 : 1920×1080@1000Hz(444 10bit) DSC; Overclock 1050Hz
Max resolution for USB C/TBT
(with USB information)
NA
Viewing angle
178/178
Brightness (typical)
SDR : 450 cd/m2
HDR ON: 450 cd/m2
Display colors
16.7M 8bits RGB
Color Gamut
sRGB : sRGB 99%@CIE 1931(Typ.)
DCI-P3 90%
OD Response (typical)
1 ms GtG (average) ; 0.3ms GtG (min.)
Panel Response time (typical)
3ms GtG
MPRT
0.1ms
Adaptive-sync/ Free-sync / G-sync
G-sync Compatible (under testing)
I/O define: Connectors on rear cabinet
Rear insert
VGA
0x
DVI
0x
HDMI
2x HDMI2.1
HDMI HDCP version
HDCP 2.3
Displayport
1x DP 2.1
DP HDCP version
HDCP 2.3
Displayport output
0x
USB Type C
NA
Thunderbolt in
0x
Thunderbolt out
0x
Displaylink in
No
MST / Daisy chain (DP out or TBT out)
No
PD for USB C/TBT
No
PxP (PIP, PBP)
2P all source
USB Hub up stream
1 x USB3.2 type B Gen 1, 5 Gbit/s
USB Hub down stream 2_0/3_0
3 x USB3.2 type A Gen 1, 5 Gbit/s (BC1.2×1 yellow)
mini USB (for external keypad)
1x
FW Upgrade
OTA/OTG
KVM
No
RJ45
No
RS232
No
Audio in
0x
Audio out (earphone)
1x Audio out
Microphone in
0x
Microphone out
0x
Built-in speakers
No
Sound enhancement
No
Stand
HAS 150 ± 5mm
Quick release function
Yes
Pivot
90° ±2° ~ 90° ±2°
Swivel
28° ±2° ~28° ±2°
Tilt
-5°~23°
Auto Pivot (G sensor)
NO
CEC
Yes
Smart Power
No
Power
Internal
Power Switch
No
Power LED indicator (Operation)
White
Power LED indicator (Standby)
Orange
Webcam
No
Earphone hook
Yes
Recycled plastic
NO
Cushion material
Paper: Pulp Mold
Carton material
Color Print
Carton type
Pizza Box
Accessory box
YES
Ambient light / Light FX
Light FX
Color and brightness uniformity report in box
Yes
Mouse keypad / Game Pad
QuickSwitch
Remote control
No
Others
CPL Circular Polarization
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SOURCE AGON by AOC
Technology
One Good Card reports higher Q4 demand for live NFC card printing at events
Published
44 minutes agoon
October 7, 2026By
SINGAPORE, Oct. 7, 2026 /PRNewswire/ — Between now and December, Singapore’s calendar fills up fast. Dinner and dance season, year-end galas, product launches, and a final run of conferences and trade shows all take place before the year closes, and many of them give out door gifts to attendees.
One Good Card, a Singapore-based digital name card platform, says demand for its NFC Card Live Printing for Events service typically doubles in Q4, as companies look for a door gift that guests keep using after the event ends.
“Businesses spend a significant budget on events, and it should go towards making the experience memorable for attendees,” said Choong Chao Dong, Founder of One Good Card. “Personalised NFC cards give guests something they can use to network during the event and keep using long after it.”
Printed and activated in seconds
At a live printing kiosk, guests enter their name and receive a personalised NFC name card, printed and activated on the spot in about 10 seconds. Each card works immediately as a networking tool, letting guests share contact details, portfolios, and social profiles. Guests share their digital name card by tapping the card on a phone or scanning its QR code. They can update their contact details at any time, and each tap of the card shares the latest version.
Organisers can customise each station with event-specific card designs and colour schemes to match the occasion. Card designs can include the event name, date and organiser’s logo alongside the guest’s preferred name. One Good Card now also offers wood and metal NFC cards, which can be laser engraved live at the event.
Event formats
The service has been used at school graduations, corporate dinner and dance events, product launches, conferences, trade shows, and gala dinners. Each station is staffed and set up on-site by the One Good Card team, so organisers only need to decide where to place it. A single station prints around 200 cards per hour, and larger events can book multiple stations. Common placements include registration counters and foyers, depending on the event format and venue layout. At conferences and trade shows, exhibitors place the station at their booth to give attendees a reason to stop and speak with their team.
About One Good Card
One Good Card is a Singapore-based digital business card and sales platform that helps teams share their details, capture leads, and manage what happens next. Beyond NFC business cards, QR codes, and custom profile links, the platform includes an OCR business card scanner, contact management, deal pipeline tracking, invoicing, and integrations with industry sales tools. Companies across the region use One Good Card to keep branding consistent, assign NFC cards centrally, and track leads from in-person networking through to closed deals. Learn more at onegoodcard.com.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/one-good-card-reports-higher-q4-demand-for-live-nfc-card-printing-at-events-302899599.html
SOURCE One Good Card
Technology
Skydance Corporation Announces Expiration, Pricing Terms, and Settlement of Exchange Offers and Tender Offers
Published
44 minutes agoon
October 7, 2026By
LOS ANGELES and NEW YORK, Oct. 6, 2026 /PRNewswire/ — Skydance Corporation (F/K/A PARAMOUNT SKYDANCE CORPORATION) (NYSE: SKYD) (the “Company”) announced today the final tender results of its previously announced (i) offers to purchase (the “Tender Offers” and each, a “Tender Offer”) for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the “Offer to Purchase”), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the first table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the “DGH Issuer”) and Discovery Communications, LLC (the “DCL Issuer” and together with the DGH Issuer, each a “WBD Issuer” and collectively the “WBD Issuers”), as applicable, and (ii) offers to exchange (the “Exchange Offers” and each, an “Exchange Offer” and, together with the Tender Offers, the “Offers” and each, an “Offer”), upon the terms and subject to the conditions set forth in the related exchange offer memorandum (the “Offering Memorandum”), any and all of the identified notes in each series of the Existing Exchange Offer Notes (defined by reference to the second table set forth below) (together with the Existing Tender Offer Notes, the “Offer Notes”) issued by the applicable WBD Issuer for notes to be newly issued by the Company (the “New SKYD Notes”).
The Offers were made in connection with the acquisition (the “Acquisition”) by the Company of Warner Bros. Discovery, Inc. (“WBD”), which Acquisition was consummated earlier today, October 6, 2026.
The Offers expired at 5:00 p.m., New York City time, on October 6, 2026 (the “Expiration Date”). Settlement of the Offers is expected to occur on October 9, 2026 (the “Settlement Date”), subject to all the conditions to the applicable Offer having been satisfied or waived by the Company.
Tender Offers
As of the Expiration Date, based on information provided by Global Bondholder Services Corporation, the tender agent and information agent for the Tender Offers, approximately 98.83% of the aggregate principal amount of Existing Tender Offer Notes were validly tendered in the Tender Offers. As previously announced, holders of Existing Tender Offer Notes who validly tendered (and did not validly withdraw) their Existing Tender Offer Notes in the applicable Tender Offer at or prior to the Expiration Date, and who beneficially owned such tendered Existing Tender Offer Notes on the Expiration Date, are eligible to receive, for each $1,000 in aggregate principal amount of Existing Tender Offer Notes validly tendered and accepted for purchase pursuant to the Tender Offers, consideration (the “Tender Consideration”) determined by reference to the applicable fixed spread specified in the table below for each series of Existing Tender Offer Notes over the yield (the “Reference Yield”) based on the bid-side price of the applicable U.S. Treasury Security specified in the table below. The Reference Yields listed in the table below were determined (pursuant to the Offer to Purchase) by the dealer managers at 10:00 a.m., New York City time, today, October 6, 2026. In addition to the Tender Consideration, the Company will pay in cash accrued and unpaid interest on the Existing Tender Offer Notes accepted in the Tender Offers from the applicable latest interest payment date for such series of Existing Tender Offer Notes to, but not including, the Settlement Date.
The following table sets forth the aggregate principal amounts of each series of Existing Tender Offer Notes that the Company has accepted for purchase on the Settlement Date and pricing information for the Tender Offers:
Existing Tender
Offer Notes
Issuer of
Existing
Tender
Offer
Notes
CUSIP No. /
Common Code /
ISIN Eligible to
Participate in the
Tender Offers(1)
Aggregate
Principal Amount
Eligible to
Participate in the
Tender Offers
Prior to Expiration
Aggregate
Principal Amount
Tendered as of
Expiration Date(2)
Reference U.S.
Treasury Security
Reference
Yield
Fixed
Spread
(basis
points)
Tender
Consideration(3)
3.755% Senior
Notes due 2027
DGH Issuer
254948 AH5
US254948AH58
254948 AN2
US254948AN27
U25483 AA3
USU25483AA38
$1,189,336,000
$1,182,277,000
4.250% U.S.T. due
March 15, 2027
4.230 %
0 bps
$997.93
3.950% Senior
Notes due 2028
DCL Issuer
25470D CP2
US25470DCP24
$1,234,458,000
$1,213,171,000
3.875% U.S.T. due
March 15, 2028
4.711 %
0 bps
$989.45
__________
(1)
No representation is made as to the correctness or accuracy of the identifiers listed in this press release or printed on the Existing Tender Offer Notes. Such
identifiers are provided solely for the convenience of the holders.
(2)
As reported by Global Bondholder Services, the tender agent and information agent for the Tender Offers.
(3)
Payable for each $1,000 in aggregate principal amount of Existing Tender Offer Notes tendered as of the Expiration Date and accepted for purchase by the
Company.
Existing Tender Offer Notes that are accepted and purchased on the Settlement Date will be cancelled and will no longer remain outstanding obligations of the WBD Issuers. Existing Tender Offer Notes not tendered pursuant to the Tender Offers will remain outstanding obligations of the DCL Issuer or the DGH Issuer, as applicable.
Exchange Offers
As of the Expiration Date, based on information provided by Global Bondholder Services Corporation, the exchange agent and information agent for the Exchange Offers, approximately 99.15% of the aggregate principal amount of Existing Exchange Offer Notes were validly tendered in the Exchange Offers. As previously announced, holders of Existing Exchange Offer Notes who validly tendered (and did not validly withdraw) their Existing Exchange Offer Notes in the applicable Exchange Offer at or prior to the Expiration Date, and who beneficially own such tendered Existing Exchange Offer Notes on the Expiration Date, are eligible to receive $1,000 or €1,000, as applicable, in aggregate principal amount of the applicable series of New SKYD Notes for each $1,000 or €1,000, as applicable, principal amount of Existing Exchange Offer Notes validly tendered for exchange (the “Exchange Consideration”). Interest on the New SKYD Notes will accrue from (and including) the most recent date on which interest has been paid on the corresponding series of Existing Exchange Offer Notes accepted in the Exchange Offers. On the first interest payment date following the Settlement Date, the Company will pay interest equal to the sum of (i) all accrued and unpaid interest on the Existing Exchange Offer Notes accepted in the Exchange Offers from the latest applicable interest payment date for such series of Existing Exchange Offer Notes to, but not including, the Settlement Date plus (ii) all accrued and unpaid interest on the New SKYD Notes from, and including, the Settlement Date to, but not including, such interest payment date.
The following table sets forth the aggregate principal amounts of each series of Existing Exchange Offer Notes that the Company has accepted for exchange:
Existing Exchange
Offer Notes
Issuer of Existing
Exchange Offer Notes
CUSIP No. / Common
Code / ISIN Eligible to
Participate in the
Exchange Offers(1)
Aggregate Principal
Amount Eligible to
Participate in the
Exchange Offers Prior
to Expiration
Aggregate Principal
Amount Tendered as
of Expiration Date(2)
Exchange Consideration(3)
4.125% Senior Notes
due 2029
DCL Issuer
25470D CQ0
US25470DCQ07
$655,825,000
$654,158,000
$1,000 in aggregate principal
amount of 6.250% Senior Secured
Second Lien Notes due 2029
3.625% Senior Notes
due 2030
DCL Issuer
25470D CR8
US25470DCR89
$914,183,000
$901,354,000
$1,000 in aggregate principal
amount of 4.875% Senior Secured
Second Lien Notes due 2030
5.000% Senior Notes
due 2037
DCL Issuer
25470D CS6
US25470DCS62
$453,281,000
$447,251,000
$1,000 in aggregate principal
amount of 5.000% Senior Secured
Second Lien Notes due 2037
6.350% Senior Notes
due 2040
DCL Issuer
25470D CT4
US25470DCT46
$438,102,000
$431,542,000
$1,000 in aggregate principal
amount of 6.350% Senior Secured
Second Lien Notes due 2040
4.950% Senior Notes
due 2042
DCL Issuer
25470D CU1
US25470DCU19
$130,366,000
$130,307,000
$1,000 in aggregate principal
amount of 4.950% Senior Secured
Second Lien Notes due 2042
4.875% Senior Notes
due 2043
DCL Issuer
25470D CV9
US25470DCV91
$141,584,000
$141,484,000
$1,000 in aggregate principal
amount of 4.875% Senior Secured
Second Lien Notes due 2043
5.200% Senior Notes
due 2047
DCL Issuer
25470D CW7
US25470DCW74
$3,161,000
$2,878,000
$1,000 in aggregate principal
amount of 5.200% Senior Secured
Second Lien Notes due 2047
5.300% Senior Notes
due 2049
DCL Issuer
25470D CX5
US25470DCX57
$247,860,000
$247,683,000
$1,000 in aggregate principal
amount of 5.300% Senior Secured
Second Lien Notes due 2049
4.054% Senior Notes
due 2029
DGH Issuer
254948 AJ1
US254948AJ15
254948 AP7
US254948AP74
U25483 AB1
USU25483AB11
$1,353,828,000
$1,343,925,000
$1,000 in aggregate principal
amount of 6.304% Senior Secured
Second Lien Notes due 2029
4.279% Senior Notes
due 2032
DGH Issuer
254948 AK8
US254948AK87
254948 AQ5
US254948AQ57
$2,691,764,000
$2,673,619,000
$1,000 in aggregate principal
amount of 4.904% Senior Secured
Second Lien Notes due 2032
5.050% Senior Notes
due 2042
DGH Issuer
254948 AL6
US254948AL60
254948 AR3
US254948AR31
U25483 AD7
USU25483AD76
$4,104,687,000
$4,065,355,000
$1,000 in aggregate principal
amount of 5.050% Senior Secured
Second Lien Notes due 2042
5.141% Senior Notes
due 2052
DGH Issuer
254948 AM4
US254948AM44
254948 AS1
US254948AS14
$949,883,000
$944,414,000
$1,000 in aggregate principal
amount of 5.141% Senior Secured
Second Lien Notes due 2052
4.302% Senior Notes
due 2030
DGH Issuer
XS3393993285
339399328
€236,752,000
€235,100,000
€1,000 in aggregate principal
amount of 5.802% Senior Secured
Second Lien Notes due 2030
4.693% Senior Notes
due 2033
DGH Issuer
XS3393994507
339399450
€316,641,000
€311,447,000
€1,000 in aggregate principal
amount of 5.068% Senior Secured
Second Lien Notes due 2033
__________
(1)
No representation is made as to the correctness or accuracy of the identifiers listed in this press release or printed on the Existing Exchange Offer Notes. Such
identifiers are provided solely for the convenience of the holders.
(2)
As reported by Global Bondholder Services, the exchange agent and information agent for the Exchange Offers.
(3)
Consideration (i) per $1,000 in aggregate principal amount of U.S. dollar-denominated Existing Exchange Offer Notes tendered and (ii) per €1,000 in aggregate
principal amount of Euro-denominated Existing Exchange Offer Notes.
Existing Exchange Offer Notes acquired in the Exchange Offers will be retired and cancelled. Existing Exchange Offer Notes not acquired in the Exchange Offers will remain outstanding obligations of the DCL Issuer or DGH Issuer, as applicable.
The Exchange Offers were made pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations of the Securities and Exchange Commission (the “SEC”) promulgated thereunder, and were not registered under any state or foreign securities laws. The New SKYD Notes may not be offered or sold in the United States or to any U.S. persons (as defined below) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers were made, and the New SKYD Notes were offered and issued, only to holders of applicable Existing Exchange Offer Notes who were (a) reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act or (b) not “U.S. persons,” as defined in Rule 902 of Regulation S under the Securities Act (such holders, “Eligible Holders”).
General
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
About Skydance Corporation
Skydance Corporation is a next-generation global media and entertainment company, composed of three business segments: Studios, Direct-to-Consumer, and TV Media. The Company’s portfolio unites legendary brands, including Paramount, Warner Bros., HBO and HBO Max, Paramount+, Pluto TV, CBS, CNN, CBS Sports, TNT Sports, Nickelodeon, Cartoon Network, MTV, Food Network, BET, HGTV, and Comedy Central.
Cautionary Note Concerning Forward-Looking Statements
This communication contains “forward-looking statements” regarding the transactions referred to herein. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company or WBD.
Risks and uncertainties include, but are not limited to: the possibility that the transactions described herein will not be completed in the expected timeframe or at all; risks that the expected benefits, synergies and opportunities of the completed acquisition may not be realized or may take longer to realize than expected; risks and costs associated with the integration of the business of WBD, including the ability to integrate successfully and to achieve anticipated synergies and financial targets; risks that the combined company may not achieve the expected run-rate synergies, net leverage, free cash flow or other financial goals described in this press release within the expected timeframes or at all; potential disruption to business operations and relationships as a result of the completed acquisition and ongoing integration; the risk of stockholder litigation relating to the acquisition of WBD; risks related to the Company’s streaming business; the adverse impact on the Company’s advertising revenues as a result of changes in consumer behavior, advertising market conditions and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to the Company’s decisions to invest in new businesses, products, services and technologies, and the evolution of the Company’s business strategy; the potential for loss of carriage or other reduction in, or the impact of negotiations for, the distribution of the Company’s content; damage to the Company’s reputation or brands; losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; challenges in protecting and maintaining the Company’s intellectual property rights; domestic and global political, economic and regulatory factors affecting the Company’s business generally or the completed acquisition of WBD; the inability to hire or retain key employees or secure creative talent; disruptions to the Company’s operations as a result of labor disputes; risks and costs associated with the integration of, and the Company’s ability to integrate, the businesses of Paramount Global, Skydance Media LLC (“Skydance”) and WBD successfully and to achieve anticipated synergies, including in the amounts or on the timelines anticipated to realize such synergies; litigation relating to the transactions contemplated by the transaction agreement entered into on July 7, 2024, between Paramount Global and Skydance potentially resulting in substantial costs; volatility in the price of the Company’s Class B common stock; the effect the Company’s dual-class capital structure and the concentrated ownership may have on the price of its Class B common stock or business; risks related to a private sale of a controlling interest in the Company, including that the Company’s stockholders may not realize any change of control premium on shares of the Company’s Class B common stock and that the Company may become subject to the control of a presently unknown third party; risks associated with the Company’s status as a “controlled company” under NYSE rules, including its exemption from certain corporate governance requirements; risks associated with the lack of voting rights of the Company’s Class B common stock; risks that anti-takeover provisions in the Company’s amended and restated certificate of incorporation (“Charter”) and amended and restated bylaws, and under Delaware law, could deter, delay, or prevent a change of control; risks that exclusive forum provisions in the Company’s Charter could limit a stockholder’s choice of forum for certain claims and discourage lawsuits against the Company’s directors and officers; risks that corporate opportunity provisions in the Company’s Charter could permit certain persons to pursue competitive opportunities that might otherwise be available to the Company; risks associated with the Company’s holding company structure, including its dependence on distributions from its subsidiaries to meet tax obligations and other cash requirements; risks related to the combined company’s ability to incur substantially more debt and its ability to meet the financial and other covenants contained in the agreements governing its substantial indebtedness; risks relating to the combined company’s ability to deleverage the business in accordance with management’s targets, including risks arising from assumptions, uncertainties and contingencies that may affect the Company’s ability to reduce indebtedness; risks relating to management’s ability to execute on its strategic plan and improve the combined company’s financial profile and cash flows from operations; and risks relating to any capital or other financing the combined company may have to raise in order to reduce its indebtedness following the acquisition of WBD. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of the Company and WBD can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026, as amended by the Company’s Annual Report on Form 10-K/A, filed with the SEC on April 24, 2026, as superseded by, and solely to the extent set forth in, the Company’s Current Report on Form 8-K, filed with the SEC on October 6, 2026, the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the SEC on August 4, 2026, including in the sections captioned “Cautionary Note Concerning Forward-Looking Statements” and “Item 1A. Risk Factors,” and the Company’s subsequent filings with the SEC, and WBD’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, WBD’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the SEC on August 6, 2026, in each case, including in the sections captioned “Cautionary Note Concerning Forward-Looking Statements” and “Item 1A. Risk Factors,” and WBD’s subsequent filings with the SEC, including filings related to the acquisition of WBD. Copies of these filings, as well as subsequent filings, are available online at www.sec.gov, https://ir.paramount.com/sec-filings/paramount, https://ir.corporate.discovery.com/financials/sec-filings, as applicable, or on request from the Company or WBD. Neither the Company nor WBD undertakes to update any forward-looking statement as a result of new information or future events or developments, except as required by law.
View original content:https://www.prnewswire.com/news-releases/skydance-corporation-announces-expiration-pricing-terms-and-settlement-of-exchange-offers-and-tender-offers-302900538.html
SOURCE Skydance Corporation
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