Pursuit Attractions & Hospitality, Inc. 8-K

What Happened Pursuit Attractions & Hospitality, Inc. announced on January 21, 2026 that it entered into an Equity Purchase Agreement to sell all equity interests in its Flyover flying theater attractions business to Flyover Attractions B.V. for $78.4 million in cash, subject to post‑closing adjustments. The buyer is Flyover Attractions B.V.; Brogent Technologies, Inc. is the guarantor. The deal is subject to customary closing conditions, including required regulatory approvals, and includes a buyer-obtained representations and warranties insurance policy.

Key Details

• Purchase price: $78.4 million in cash, subject to post‑closing adjustments for indebtedness, cash and cash equivalents, working capital, unpaid expenses and other specified items.
• Closing deadline/termination: Either party may terminate if the transaction does not close on or prior to May 21, 2026 (with certain exceptions).
• Termination fee: If Pursuit terminates in specified circumstances (material breach by buyer, failure to close after conditions satisfied, or specified other events), Pursuit is entitled to a $10.0 million termination fee.
• Other mechanics: The Purchase Agreement contains customary representations, warranties and covenants (with standard qualifications and limitations); the full agreement will be filed as an exhibit to Pursuit’s Annual Report on Form 10‑K for the year ended December 31, 2025.

Why It Matters This is a material disposition of Pursuit’s Flyover attractions business and will change the company’s operating footprint and future revenue mix. The $78.4M headline price (before adjustments) represents near‑term cash proceeds that could affect Pursuit’s liquidity and capital allocation once the transaction closes and adjustments are finalized. Investors should watch for required regulatory approvals, any post‑closing adjustments disclosed at closing, and the forthcoming Purchase Agreement exhibit in the company’s 10‑K for full terms and risk‑allocation details.