Six Flags Entertainment Corporation/NEW 8-K

What Happened

• On January 21, 2026, Six Flags Entertainment Corporation (FUN) entered into an amendment to its March 10, 2025 cooperation agreement with Dendur Capital LP and certain affiliates.
• The Amendment allows Dendur to acquire derivative securities or other rights that are decoupled from the Company’s underlying securities and can only be settled in cash (not in shares), provided Dendur’s aggregate economic exposure — including both held shares and any such derivative or decoupled rights — does not exceed 14.99%. The Amendment is filed as Exhibit 10.1 to the Form 8-K dated January 23, 2026.

Key Details

• Amendment date: January 21, 2026; original Cooperation Agreement date: March 10, 2025.
• Counterparty: Dendur Capital LP and certain affiliates.
• Permitted instruments: cash-settled derivatives or other rights decoupled from underlying securities (no settlement in shares).
• Aggregate exposure cap: 14.99% (includes both common shares and permitted derivatives).

Why It Matters

• The change lets Dendur gain economic exposure linked to Six Flags without receiving or delivering shares, while keeping its total economic stake capped below 15%.
• For investors, this affects how Dendur’s economic position may be structured (direct shares vs. cash-settled instruments); monitor future disclosures for specifics on any positions Dendur takes.