secwatch.observer — SEC 8-K summary
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Issuer:     Sun Country Airlines Holdings, Inc. (SNCY)
CIK:        0001743907
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000950142-23-000480
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sun Country Airlines announces secondary offering and concurrent share repurchase
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- Selling stockholder (Apollo affiliate) sold 5,250,000 shares in secondary public offering.
- Company repurchased 750,000 shares from underwriter at offering price using existing cash.
- Repurchase made under existing $50 million stock buyback program, reducing remaining availability.
- Underwriter granted 30-day option to purchase up to an additional 787,500 shares from selling stockholder.
- Company did not receive any proceeds from the secondary offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223000480/0000950142-23-000480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223000480/eh230330932_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-000480

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