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.
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.
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