SNCY is delisted and no longer trades. Allegiant (ALGT) is now the relevant trading vehicle — monitor ALGT for post-merger integration updates and combined financials. The shareholder vote was scheduled for May 8 and closing occurred May 13 as previously guided.
Price Chart
Executive Summary
Allegiant Travel Company completed its acquisition of Sun Country Airlines on May 13, 2026, with Sun Country shareholders receiving $4.10 cash plus 0.1557 Allegiant shares per Sun Country share. The merger triggered a change of control, delisting of SNCY from Nasdaq, termination of Sun Country's credit agreement and tax receivable agreement (with an $80.4M TRA payment), and the departure of all Sun Country board members, with three joining the Allegiant board. This filing is the final closing confirmation of a previously announced deal — SNCY stock no longer trades, and the analysis is purely retrospective.
Key Facts
- Allegiant completed acquisition of Sun Country on May 13, 2026
- Each SNCY share converted into $4.10 cash + 0.1557 Allegiant shares
- Trading of SNCY on Nasdaq suspended prior to market open on May 13, 2026
- All Sun Country board members ceased; three (Bricker, Vogel, Kennedy) joined Allegiant board
- Credit and Guaranty Agreement terminated; all obligations discharged
- Tax Receivable Agreement terminated with ~$80.4M payment to TRA holders
- Jude Bricker resigned as Sun Country CEO, will serve as Special Advisor to Allegiant CEO
- Sun Country became a wholly owned subsidiary of Allegiant
- Sun Country will file Form 25 to delist from Nasdaq and Form 15 to deregister
Financial Impact
Merger consideration valued at $4.10 cash plus 0.1557 Allegiant shares per SNCY share; $80.4M TRA termination payment; credit facility fully discharged
Risk Factors
- Shareholder lawsuits challenging the merger were disclosed in prior filings but not expected to block closing
- Integration risk for Allegiant in absorbing Sun Country's operations
- Potential dilution from converted equity awards (options, RSUs, PRSUs)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-021071 |
| Document: ef20073188_8k.htm | 0001140361-26-021071 |
| Document: ef20073188_ex3-1.htm | 0001140361-26-021071 |
| Document: 0001140361-26-021071-index-headers.html | 0001140361-26-021071 |
| Document: 0001140361-26-021071-index.html | 0001140361-26-021071 |
| Document: 0001140361-26-021071.txt | 0001140361-26-021071 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 8, 2026 15w ago | Court Ruling | — | awaiting T+1 | — | — |
May 26, 2026 21w ago | 15-12G | — | awaiting T+1 | — | — |
May 13, 2026 23w ago | 8-K | $16.17 $16.17 | · 0.00% | ▲ +1.23% | — |
May 13, 2026 23w ago | 25-NSE | $16.17 $16.17 | · 0.00% | ▲ +0.78% | — |
Apr 28, 2026 25w ago | 425 | $15.65 $15.80 | ▲ +0.96% | ▼ −0.06% | — |
Apr 28, 2026 25w ago | 425 / 8-K | $15.65 $15.80 | ▲ +0.96% | ▼ −0.06% | — |
Apr 20, 2026 26w ago | 425 | $17.43 $16.64 | ▼ −4.53% | ▼ −5.55% | — |
Apr 20, 2026 26w ago | 425 | $17.43 $16.64 | ▼ −4.53% | ▼ −5.55% | — |
Apr 15, 2026 27w ago | 425 | $17.18 $18.33 | ▲ +6.69% | ▲ +5.48% | — |
Apr 15, 2026 27w ago | 8-K | $17.18 $18.33 | ▲ +6.69% | ▲ +5.48% | — |
US Market Status
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