Sixth shareholder share sale planned at Airlines Group (NYSE: LTM)
Rhea-AI Filing Summary
Airlines Group S.A. reports that a shareholder has requested a sixth secondary sale of shares under an existing registration rights agreement. The shareholder, not the company, controls the timing and size of this potential sale and may change or withdraw it, with execution depending on market conditions.
The planned secondary sale is expected to take place in the United States and other jurisdictions outside Chile. To support this process, Airlines Group will file with the U.S. Securities and Exchange Commission a preliminary prospectus supplement to its Form F-3 and an MD&A 6-K that includes audited financial statements as of December 31, 2025 and 2024, and for the years ended 2025, 2024 and 2023.
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FAQ
What did Airlines Group S.A. (LTM) announce in this 6-K filing?
Airlines Group S.A. announced that a shareholder has requested a sixth secondary sale of shares under a registration rights agreement. The company will also file a preliminary prospectus supplement and an MD&A 6-K with audited financial statements to support this process.
Who is selling shares in the sixth secondary sale related to Airlines Group (LTM)?
The sixth secondary sale involves a Selling Shareholder, not Airlines Group S.A. itself. This shareholder requested the transaction under a registration rights agreement and has the authority to set the date, adjust the size, or withdraw the sale altogether.
Where will the sixth secondary share sale for Airlines Group (LTM) take place?
The company indicates that the sixth secondary sale is expected to occur only in the United States of America and other jurisdictions outside of Chile. This follows the pattern of previous secondary sales conducted under the same registration rights agreement.
What SEC documents will Airlines Group S.A. (LTM) file in connection with this secondary sale?
Airlines Group S.A. will file a preliminary prospectus supplement to its Form F-3 filed on July 18, 2024 and an MD&A 6-K. The MD&A 6-K will include audited financial statements and an independent auditor’s report.
Which financial periods do the new audited statements for Airlines Group (LTM) cover?
The MD&A 6-K will include audited financial statements as of December 31, 2025 and 2024, and for each of the years ended December 31, 2025, 2024, and 2023. An independent auditor’s report will accompany these statements.
Does the Airlines Group (LTM) announcement constitute an offer to sell securities in the United States?
No. The company explicitly states the announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. Any actual sale must follow U.S. Securities Act registration and prospectus requirements.
