4 unchanged sentences
(In whole dollars)
−Removed: Three Months Ended March 31, 2025
+Added: Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 Period From June 3, 2024 to June 30, 2024
+Added: Revenues $ — $ — $ —
Operating expenses — — —
4 unchanged sentences
Earnings per common share - basic and diluted $ — $ — $ —
−Removed: Weighted average number of common shares outstanding - basic and diluted 1,000
+Added: Weighted average number of common shares
+Added: outstanding - basic and diluted 1,000 1,000 1,000
See notes to consolidated financial statements.
3 unchanged sentences
(In whole dollars)
−Removed: Three Months Ended March 31, 2025
+Added: Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 Period From June 3, 2024 to June 30, 2024
Net earnings $ — $ — $ —
7 unchanged sentences
(In whole dollars)
−Removed: March 31, 2025 December 31, 2024
+Added: June 30, 2025 December 31, 2024
Current assets $ — $ —
19 unchanged sentences
(In whole dollars)
−Removed: Three Months Ended March 31, 2025
+Added: Six Months Ended June 30, 2025 Period From June 3, 2024 to June 30, 2024
Operating Activities
Net earnings $ — $ —
−Removed: Adjustments to reconcile net earnings to net cash flow provided by operating activities:
+Added: Adjustments to reconcile net earnings to net cash flow provided by
+Added: operating activities:
Change in assets and liabilities — —
5 unchanged sentences
Net increase in cash and cash equivalents — —
−Removed: Cash and cash equivalents at beginning of year —
−Removed: Cash and cash equivalents at end of year $ —
+Added: Cash and cash equivalents at beginning of period — —
+Added: Cash and cash equivalents at end of period $ — $ —
See notes to consolidated financial statements.
6 unchanged sentences
Stock Due from Shareholder Retained Earnings Accumulated Other Comprehensive Loss Total Equity
+Added: March 31, 2025 1,000 $ 1 $ — $ — $ ( 1 ) $ — $ — $ —
+Added: Net earnings — — — — — — — —
+Added: Other comprehensive income — — — — — — — —
+Added: June 30, 2025 1,000 $ 1 $ — $ — $ ( 1 ) $ — $ — $ —
+Added: Common Stock Additional
+Added: Capital Treasury
+Added: Stock Due from Shareholder Retained Earnings Accumulated Other Comprehensive Loss Total Equity
December 31, 2024 1,000 $ 1 $ — $ — $ ( 1 ) $ — $ — $ —
1 unchanged sentence
Other comprehensive income — — — — — — — —
−Removed: March 31, 2025 1,000 $ 1 $ — $ — $ ( 1 ) $ — $ — $ —
+Added: June 30, 2025 1,000 $ 1 $ — $ — $ ( 1 ) $ — $ — $ —
+Added: Common Stock Additional
+Added: Capital Treasury
+Added: Stock Due from Shareholder Retained Earnings Accumulated Other Comprehensive Loss Total Equity
+Added: June 3, 2024 1,000 $ 1 $ — $ — $ ( 1 ) $ — $ — $ —
+Added: Net earnings — — — — — — — —
+Added: Other comprehensive income — — — — — — — —
+Added: June 30, 2024 1,000 $ 1 $ — $ — $ ( 1 ) $ — $ — $ —
See notes to consolidated financial statements.
8 unchanged sentences
and Pluto Merger Sub II, Inc., both of which are Delaware corporations, and Sparrow Merger Sub, LLC, a California limited liability company.
−Removed: The Company has not commenced operations, has no assets or liabilities, and has not engaged in any significant activities other than those related to its formation from its incorporation on June 3, 2024 through March 31, 2025.
+Added: The Company has not commenced operations, has no assets or liabilities, and has not engaged in any significant activities other than those related to its formation from its incorporation on June 3, 2024 through June 30, 2025.
On February 13, 2025, the United States Securities and Exchange Commission (the “SEC”) declared effective the Registration Statement on Form S-4, as amended, of the Company to register shares of its common stock, par value $ 0.001 per share, that will be issued in connection with a transaction agreement (the “Transaction Agreement”) that the Company and Paramount entered into on July 7, 2024 with Skydance Media, LLC, a California limited liability company (“Skydance”), and other parties, pursuant to which Paramount and Skydance will become subsidiaries of New Paramount (the transactions contemplated by the Transaction Agreement, the “Transactions”).
8 unchanged sentences
The shares that are settled in cash will cease to exist after the completion of the Transactions.
−Removed: At the closing of the Transactions, Paramount’s voting Class A Common Stock and non-voting Class B Common Stock (currently listed and traded on The Nasdaq Stock Market LLC under the symbols “PARAA” and “PARA,” respectively) will cease to be listed, and only the shares of New Paramount Class B Common Stock will be listed
+Added: At the closing of the Transactions, Paramount’s voting Class A Common Stock and non-voting Class B Common Stock (currently listed and traded on The Nasdaq Stock Market LLC under the symbols “PARAA” and “PARA,” respectively) will cease to be listed.
+Added: Following the closing of the Transactions shares of New Paramount Class B
NEW PLUTO GLOBAL, INC.
1 unchanged sentence
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
−Removed: on The Nasdaq Stock Market LLC.
+Added: Common Stock, par value $0.001 are expected to begin trading on the Nasdaq Stock Market LLC under the ticker symbol “PSKY”.
+Added: New Paramount Class A common stock will not be listed for trading on a stock exchange.
New Paramount Class B Common Stock will not have any voting rights while shares of New Paramount Class A Common Stock (the “New Paramount Class A Common Stock” together with New Paramount Class B Common Stock, the “New Paramount Common Stock”) will be entitled to one vote per share with respect to all matters on which the holders of New Paramount Common Stock are entitled to vote.
Following the Transactions, NAI and its applicable subsidiaries will hold 100 % of the New Paramount Class A Common Stock.
−Removed: The Transactions are subject to customary closing conditions, including regulatory approvals, and are expected to close in the first half of 2025.
+Added: The Transactions are expected to close on August 7, 2025, subject to customary closing conditions.
Consummation of the foregoing transactions is also subject to the contemporaneous consummation of each other transaction described above.
1 unchanged sentence
Following the closing of the Transactions, New Paramount intends to fully and unconditionally guarantee the senior and junior debt of Paramount.
−Removed: At March 31, 2025, Paramount’s senior notes and debentures had an aggregate face value of $ 13.33 billion with maturity dates between 2026 and 2050, and its junior debt was comprised of $ 650 million junior subordinated debentures due 2057 and $ 1.0 billion junior subordinated debentures due 2062.
+Added: At June 30, 2025, Paramount’s senior notes and debentures had an aggregate face value of $ 13.33 billion with maturity dates between 2026 and 2050, and its junior debt was comprised of $ 650 million junior subordinated debentures due 2057 and $ 1.0 billion junior subordinated debentures due 2062.
Use of Estimates —The preparation of financial statements in conformity with accounting principles generally accepted in the United States (U.S.
1 unchanged sentence
Actual results may vary from these estimates under different assumptions or conditions.
−Removed: At March 31, 2025, the Company was authorized to issue 1,000 shares of common stock, par value $ 0.001 per share.
−Removed: At March 31, 2025, 1,000 shares of the Company’s common stock were issued and outstanding.
+Added: At June 30, 2025, the Company was authorized to issue 1,000 shares of common stock, par value $ 0.001 per share.
+Added: At June 30, 2025, 1,000 shares of the Company’s common stock were issued and outstanding.
All such issued and outstanding shares were held by Paramount.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.