M&A Adjustment: Warner Bros. Discovery, Inc. (WBD)

Tilt Indices LLC announces a merger/acquisition adjustment affecting the index, effective 2026-10-07. Warner Bros. Discovery, Inc. (WBD) is being acquired and merged into Paramount Skydance Corporation. Each share of WBD is being acquired for approximately $31.01666668 in cash. The transaction is expected to close on October 6, 2026 with the index adjustment taking place before opening on October 7, 2026. Tilt 500: WBD will be removed and its weight redistributed pro-rata to remaining constituents. No constituent replacement is occurring as the Tilt 500 currently has over 500 constituents as a result of a previous spin-off addition adjustment. Tilt 200: Teradyne, Inc. (TER) will be added as a replacement constituent, replacing WBD, effective 2026-10-07. Tilt Select 100: Illumina, Inc. (ILMN) will be added as a replacement constituent, replacing WBD, effective 2026-10-07. These adjustment are made in accordance with the Tilt Indices General Index Methodology & Calculation Manual.