Six Flags, an amusement park operator, faces a class action alleging the merger registration statement omitted that—despite executives’ claims of transformational investments—Legacy Six Flags suffered chronic underinvestment and its parks required millions in additional capital and operating expenditures beyond historical trends to maintain or grow market share. After Selim Bassoul became CEO in November 2021 he cut headcount to reduce costs, degrading operations and guest experience. At the merger closing on July 1, 2024, Six Flags stock traded above $55 but later fell to about $20 per share (≈64% decline).