Allegiant Completes Sun Country Acquisition; SNCY Delisted, $80.4M TRA Payment

summarizeSummary

Sun Country Airlines Holdings, Inc. has formally announced the completion of its acquisition by Allegiant Travel Company, leading to the delisting of its common stock from Nasdaq and a significant $80.4 million payment to Tax Receivable Agreement holders.

check_boxKey Events

• Acquisition Completed

  Allegiant Travel Company officially completed its previously announced acquisition of Sun Country Airlines on May 13, 2026.

• Delisting and Deregistration

  Sun Country requested Nasdaq to suspend trading and delist its common stock, which occurred prior to market open on May 13, 2026. The company also intends to terminate its SEC registration and reporting obligations.

• Tax Receivable Agreement Terminated

  The change of control triggered the termination of the Tax Receivable Agreement, resulting in a payment of approximately $80.4 million to TRA holders, including the CEO and a board member.

• Board and Officer Changes

  All Sun Country board members departed, with three (including the former CEO) joining the Allegiant Board. The former CEO will now serve as a Special Advisor to Allegiant's CEO.

auto_awesomeAnalysis

This filing formally confirms the completion of Allegiant Travel Company's acquisition of Sun Country Airlines, a previously announced event. For SNCY shareholders, this marks the end of their investment in the independent public entity, as the company's common stock has been delisted from Nasdaq. A significant financial detail is the $80.4 million payment to Tax Receivable Agreement holders, including key executives, triggered by the change of control.