GAP (NYSE: PAC) takes full CBX control and expands share count

Rhea-AI Filing Summary

Grupo Aeroportuario del Pacífico (GAP) has completed the business combination of Cross Border Xpress (CBX) and related technical assistance and technology transfer arrangements. The merger agreement was notarized after shareholder approval, and GAP also closed the purchase of the remaining 25% of the CBX business, bringing its ownership to 100%.

As a result of the merger, GAP issued 89,740,731 new shares, bringing its total outstanding share count to 595,018,195 shares, split into 519,226,576 Series B shares and 75,791,619 Series BB shares. GAP assumed control of the merged entities and began consolidating CBX and related businesses into its financial statements starting in May.

Insights

Equity & transportation infrastructure analyst

GAP finalizes full CBX ownership with sizable new share issuance.

Grupo Aeroportuario del Pacífico has completed the CBX business combination and now owns 100% of the asset after acquiring the remaining 25% stake. The merger is formalized and control has passed to GAP, so financial consolidation begins in May.

The transaction created 89,740,731 new shares, increasing total outstanding shares to 595,018,195. This represents a meaningful expansion of the equity base, implying dilution for existing holders, offset by full economic and operational control of CBX.

From an operational standpoint, CBX is now fully aligned with GAP’s broader network of Mexican and Jamaican airports, which may simplify decision-making and reporting. The net financial impact will become clearer in subsequent periods as consolidated CBX revenues, costs, and cash flows are reported.

Key Figures

New shares issued for CBX merger: 89,740,731 shares Total shares outstanding: 595,018,195 shares Series B shares outstanding: 519,226,576 shares +3 more

6 metrics

New shares issued for CBX merger 89,740,731 shares Issued as a consequence of the CBX merger

Total shares outstanding 595,018,195 shares After issuance related to CBX transaction

Series B shares outstanding 519,226,576 shares Part of total share capital after CBX merger

Series BB shares outstanding 75,791,619 shares Part of total share capital after CBX merger

Remaining CBX stake acquired 25% Final portion of CBX business purchased to reach 100%

Mexican airports operated 12 airports GAP’s airport network in Mexico’s Pacific region

Key Terms

business combination, technical assistance services, technology transfer, forward-looking statements, +2 more

6 terms

business combination financial

"has completed the combination of the businesses of Cross Border Xpress"

A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

technical assistance services financial

"the provision of technical assistance services and technology transfer"

Technical assistance services are expert support provided to set up, run, fix, or improve a company’s technical systems, equipment, or processes — from software installation and staff training to maintenance and troubleshooting. Investors care because these services affect how quickly a project can start, how reliably operations run, and how much ongoing cost or risk a business carries; good technical help can speed revenue and cut costly downtime, while poor support can delay or derail plans.

technology transfer financial

"technical assistance services and technology transfer, through the notarization"

Technology transfer is the process of moving an invention, know‑how, or technical capability from one organization to another so it can be developed, manufactured or sold. For investors it matters because successful transfers turn research or prototypes into marketable products or revenue streams—similar to handing a recipe and kitchen to someone who can scale it up—and they affect a company’s growth prospects, costs, timelines and competitive position.

forward-looking statements regulatory

"This press release may contain forward-looking statements. These statements are statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

whistleblower program regulatory

"GAP has implemented a “whistleblower” program, which allows complainants"

A whistleblower program lets employees or outsiders confidentially report suspected fraud, legal violations, or unsafe practices to regulators or a company, often with protection from retaliation and sometimes monetary rewards. Think of it as an alarm button that brings hidden problems into the open. Investors care because such reports can trigger investigations, fines, lawsuits or corrective fixes that affect a company’s finances, reputation and stock value.

Audit Committee regulatory

"GAP’s Audit Committee will be notified of all complaints for immediate"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-32751

GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V.
(PACIFIC AIRPORT GROUP)
(Translation of registrant's name into English)

México
(Jurisdiction of incorporation or organization)

Avenida Mariano Otero No. 1249-B
Torre Pacifico, Piso 6
Col. Rinconada del Bosque
44530 Guadalajara, Jalisco, México
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

Grupo Aeroportuario del Pacifico Announces Completion of Business Combination Process of CBX and the Provision of Technical Assistance Services

GUADALAJARA, Mexico, May 07, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that after completing several processes aimed at closing the operations approved by its Shareholders’ Meeting, it has completed the combination of the businesses of Cross Border Xpress (“CBX”) and the provision of technical assistance services and technology transfer, through the notarization of the merger agreement signed on April 30 of this year. Furthermore, the purchase agreement to acquire the remaining 25% of the CBX business has been completed, thereby consolidating 100% of the same.

Consequently, by virtue of the merger, GAP issued 89,740,731 new net shares, so to date it has 595,018,195 million shares outstanding, 519,226,576 Series B shares and 75,791,619 Series BB shares, and assumed control of the merged entities, beginning the financial consolidation of these businesses in May.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Alejandra Soto Investor Relations and Social Responsibility Officer	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
		(Registrant)
Date: May 7, 2026		/s/ SAÚL VILLARREAL GARCÍA
		Saúl Villarreal García
		Chief Financial Officer

FAQ

What transaction did Grupo Aeroportuario del Pacífico (PAC) complete regarding CBX?

Grupo Aeroportuario del Pacífico completed the business combination of Cross Border Xpress (CBX) and finalized technical assistance and technology transfer agreements. The merger agreement was notarized after shareholder approval, and GAP began consolidating CBX and related businesses into its financial statements starting in May.

Does GAP now own 100% of the Cross Border Xpress (CBX) business?

Yes. GAP closed a purchase agreement to acquire the remaining 25% of the CBX business, giving it 100% ownership. This full control means all CBX results will be reflected in GAP’s consolidated financial statements going forward, alongside its existing airport portfolio.

How many new shares did Grupo Aeroportuario del Pacífico issue for the CBX merger?

GAP issued 89,740,731 new shares as a consequence of the CBX merger. This issuance expanded the company’s equity base and was part of the consideration structure for consolidating CBX and related technical assistance and technology transfer operations under GAP’s control.

What is GAP’s total number of shares outstanding after the CBX transaction?

After issuing 89,740,731 new shares, GAP reports 595,018,195 shares outstanding. This total consists of 519,226,576 Series B shares and 75,791,619 Series BB shares, reflecting the updated capital structure following completion of the CBX business combination.

When will CBX and related operations be consolidated into GAP’s financial results?

GAP states that it assumed control of the merged entities and began financial consolidation in May. From that point, CBX and related technical assistance and technology transfer businesses will be included within GAP’s consolidated financial statements and operating metrics.

What core business does Grupo Aeroportuario del Pacífico (PAC) operate besides CBX?

GAP operates 12 airports in Mexico’s Pacific region, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, La Paz and Manzanillo, plus six mid-sized cities. It also manages Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston, both in Jamaica.