Shareholder in Airlines Group (NYSE: LTM) prices 12M ADS sale
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Airlines Group S.A. announced the pricing of a previously disclosed public secondary equity offering by one of its shareholders for 12,000,000 American Depositary Shares (ADSs) at $61.90 per ADS, with each ADS representing 2,000 common shares.
No shares are being sold by the Company, and Airlines Group S.A. will not receive any proceeds from this sale. The offering is expected to close on February 11, 2026, subject to customary conditions, with J.P. Morgan Securities LLC acting as underwriter under an effective Form F-3 shelf registration.
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FAQ
What did Airlines Group S.A. (LTM) announce in this 6-K?
Airlines Group S.A. announced the pricing of a public secondary offering of 12,000,000 American Depositary Shares by one of its shareholders at $61.90 per ADS. The transaction is a shareholder sale and does not involve the Company issuing new shares.
How many ADSs are being sold and at what price for Airlines Group S.A. (LTM)?
One shareholder is selling 12,000,000 American Depositary Shares of Airlines Group S.A. at a price of $61.90 per ADS. Each ADS represents 2,000 common shares, and the shares will be sold to investors in the market through a public secondary offering.
Does Airlines Group S.A. (LTM) receive any proceeds from this ADS offering?
Airlines Group S.A. will not receive any proceeds from this transaction because no shares are being sold by the Company. All proceeds from selling 12,000,000 ADSs at $61.90 per ADS go to the selling shareholder, making this a purely secondary offering.
When is the Airlines Group S.A. (LTM) secondary ADS offering expected to close?
The secondary offering of 12,000,000 ADSs in Airlines Group S.A. is expected to close on February 11, 2026. Completion depends on the satisfaction of customary closing conditions typically associated with underwritten public equity offerings in the U.S. markets.
Who is underwriting the Airlines Group S.A. (LTM) secondary ADS sale?
J.P. Morgan Securities LLC is acting as underwriter for the secondary sale of 12,000,000 ADSs in Airlines Group S.A. The ADSs are being offered under an effective Form F-3 shelf registration statement using a base prospectus and a prospectus supplement.
What does each Airlines Group S.A. (LTM) ADS represent in this offering?
Each American Depositary Share in this transaction represents 2,000 common shares of Airlines Group S.A. Investors buying ADSs gain exposure to the Company’s underlying common equity through these depositary receipts rather than directly holding the local-listed common shares.
Under what registration has Airlines Group S.A. (LTM) registered the ADSs?
The ADSs are covered by a registration statement on Form F-3 that includes a prospectus and became automatically effective. The secondary offering is being made using that base prospectus together with a prospectus supplement available through the SEC’s EDGAR system.