ALGT · Allegiant Travel Company

Allegiant Travel Company's special stockholder meeting on May 8, 2026, delivered a resounding endorsement of its proposed merger with Sun Country Airlines Holdings, Inc., via approval of the Share Issuance Proposal. With 16,060,619 shares present—87.05% of the 18,448,344 outstanding common shares—the vote tallied 15,997,541 in favor, just 34,204 against, and 28,874 abstentions, reflecting near-unanimous support critical for issuing shares under the January 11, 2026 Merger Agreement. This two-step structure—first merging Merger Sub 1 into Sun Country, followed by Sun Country into Merger Sub 2—positions Sun Country as a wholly owned subsidiary, advancing consolidation in the airline sector. The Adjournment Proposal became moot, underscoring the strength of turnout and backing. This approval removes a key shareholder hurdle, paving the way for closing subject to remaining conditions outlined in the proxy statement filed March 31, 2026. For investors, it signals confidence in the strategic combination's value accretion and governance process.