Substrate
financeSourced

Sun Country Airlines Completes Sale, Delists From Nasdaq

Sun Country Airlines Holdings Inc. closed the previously announced acquisition by an affiliate of Apollo Global Management and terminated its merger agreement with a unit of Endeavor Group Holdings. The transaction triggers immediate delisting of SNCY shares, a full change in board and executive control, and material amendments to the company's governing documents.

SEC EDGAR — Sun Country Airlines Holdings, Inc. (SNCY)
1 source·May 13, 12:00 AM(1 hr ago)·1m read
|
Sun Country Airlines Completes Sale, Delists From Nasdaqglobenewswire.com
Audio version
Tap play to generate a narrated version.

MINNEAPOLIS — Sun Country Airlines Holdings Inc. completed the sale of the company on May 13, 2026, according to an 8-K filed with the SEC the same day.

The filing discloses completion of the acquisition under Item 2.01, a change in control under Item 5.01, delisting under Item 3.01, termination of a material definitive agreement under Item 1.02, and related corporate actions. All common stock of Sun Country Airlines Holdings Inc.

was acquired by an affiliate of Apollo Global Management, resulting in the affiliate now controlling 100 percent of the equity. The filing does not disclose the per-share or aggregate consideration.

Scope of the transaction covers all outstanding shares of the Nasdaq-listed airline holding company (ticker SNCY, CIK 0001743907). The deal affects every security holder, the entire board of directors, and the principal executive officers.

What it changes is immediate and comprehensive. Prior to closing, Sun Country operated as an independent public company with shares trading on Nasdaq. Post-closing, the company becomes a private subsidiary, its common stock ceases trading, and it no longer satisfies Nasdaq listing rules.

The board has been replaced in full and named executive officers have been succeeded, per Items 5.01 and 5.02. The company also amended its certificate of incorporation and bylaws under Item 5.03 and terminated the earlier merger agreement with a subsidiary of Endeavor Group Holdings Inc.

under Item 1.02.

Downstream effects are mechanical. The company must now file final financial statements and exhibits required by Item 9.01. Nasdaq will proceed with formal delisting procedures following the Item 3.01 notice. As a private company controlled by Apollo, Sun Country exits SEC reporting obligations after satisfying any remaining Form 15 or deregistration requirements.

Contractual milestones tied to the terminated Endeavor merger agreement are extinguished.

This transaction concludes a process first disclosed in regulatory filings in late 2025. The 8-K represents the definitive closing record required under SEC rules for a public company completing a change-in-control transaction.

Coverage spread

Substrate’s article above is written from the primary record. Below: how mainstream outlets reported the same event.

No mainstream coverage of this story has surfaced yet.

Transparency Panel

Sources cross-referenced1
Confidence score90%
Synthesized bySubstrate AI
Word count322 words
PublishedMay 13, 2026, 12:00 AM

Related Stories

Senate Confirms Kevin Warsh as Federal Reserve Chair in 54-45 VoteFinancial Times
finance1 hr agoFraming65Framing risk65/100Lede and title foreground the Senate vote and partisan split over the substantive policy implications of Warsh's chairmanship and the unusual Powell return to the board.Click to jump to full framing analysis

Senate Confirms Kevin Warsh as Federal Reserve Chair in 54-45 Vote

The Senate voted 54-45 on Wednesday to confirm Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell whose term ends Friday. Only one Democrat, Sen. John Fetterman of Pennsylvania, crossed party lines. Warsh, a former Fed governor and close ally of Ben Bernanke d…

Cnbc
The Boston Globe
Axios
CBS News
Abc
+100
110 sources
Pentagon Signs Framework Agreements With Anduril, CoAspire, Leidos and Zone 5 for Low-Cost Cruise Missile Programnaturalnews.com
finance1 hr agoFraming65Framing risk65/100The rewrite is largely neutral and fact-focused, with only mild inherited valence in official quotes and minor lede emphasis on the announcement process.Click to jump to full framing analysis

Pentagon Signs Framework Agreements With Anduril, CoAspire, Leidos and Zone 5 for Low-Cost Cruise Missile Program

The Pentagon on May 13, 2026 announced framework agreements with four companies to acquire over 10,000 low-cost cruise missiles over three years beginning in 2027. The deals launch the Low Cost Containerized Munitions Program and include purchases of test missiles starting in Jun…

FI
FI
BR
Benzinga
Defense News
5 sources
Bank of Canada Officials Discuss Interest Rate Outlookforbes.com
finance3 hrs agoFraming55Framing risk55/100Rewrite inherits consensus framing of uncertainty and scenario-weighing around geopolitical events, with heavy reliance on central bank minutes language that emphasizes range of views without substantive counterpoints.Click to jump to full framing analysis

Bank of Canada Officials Discuss Interest Rate Outlook

Bank of Canada policymakers discussed a range of views on the future path for interest rates during their last meeting, factoring in uncertainties from the Iran war and a review of the North American trade agreement. Minutes released Wednesday showed officials considered various…

FI
Bloomberg
2 sources