secwatch.observer — SEC 8-K summary
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Issuer:     Sun Country Airlines Holdings, Inc. (SNCY)
CIK:        0001743907
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0000950142-23-002959
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo affiliate sells 4M shares of Sun Country Airlines; company buys back 312,500 shares
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- Selling Stockholder (Apollo funds) sold 4,000,000 shares in secondary offering; underwriters have a 30-day option for 600,000 more.
- Company received no proceeds from the offering; all shares sold by the Selling Stockholder.
- Company concurrently repurchased 312,500 shares from underwriters at the offering price using existing cash.
- Repurchase approved by independent board members; reduces remaining availability under stock repurchase program.
- Offering completed December 14, 2023; underwritten by multiple underwriters with full over-allotment option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223002959/0000950142-23-002959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223002959/eh230430619_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002959

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