Spirit Airlines Files Routine 8-K on NYSE Listing

TL;DR

**Spirit Airlines filed a standard 8-K, no major news.**

AI Summary

Spirit Airlines, Inc. filed an 8-K on January 24, 2024, under Item 8.01, indicating an 'Other Events' disclosure. This filing is a standard procedural update, confirming Spirit Airlines' registration on the New York Stock Exchange under the trading symbol SAVE, with a par value of $0.0001 per share. For investors, this filing primarily serves as a routine compliance update, confirming basic company information and stock registration details, rather than announcing a new material event that would directly impact the stock price.

Why It Matters

This filing is a routine compliance update, confirming Spirit Airlines' stock listing on the NYSE, and does not contain new material information that would immediately affect the stock's value.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not disclose any new risks or material changes to the company's operations or financial health.

Analyst Insight

Investors should recognize this as a standard administrative filing with no immediate impact on Spirit Airlines' stock price or business operations. It does not warrant any immediate trading action.

Key Numbers

• $0.0001 — par value per share (the stated par value of Spirit Airlines' Common Stock)

Key Players & Entities

• Spirit Airlines, Inc. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where Spirit Airlines' common stock is registered
• $0.0001 (dollar_amount) — par value of Spirit Airlines' common stock
• January 24, 2024 (date) — date of earliest event reported and filing date
• SAVE (company) — trading symbol for Spirit Airlines

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value SAVE New York Stock Exchange
• $0.10 — ("JetBlue") announced that it will pay $0.10 in cash per outstanding share of Common
• $11.663 — he PSP1 Warrants has been adjusted from $11.663 to $11.568, and the number of warrant s
• $11 — rants has been adjusted from $11.663 to $11.568, and the number of warrant shares i
• $20.229 — he PSP2 Warrants has been adjusted from $20.229 to $20.065, and the number of warrant s
• $20 — rants has been adjusted from $20.229 to $20.065, and the number of warrant shares i
• $30.196 — he PSP3 Warrants has been adjusted from $30.196 to $29.950, and the number of warrant s
• $29 — rants has been adjusted from $30.196 to $29.950, and the number of warrant shares i
• $1,000 — s to 96.0938 shares of Common Stock per $1,000 principal amount of 2025 Notes, and the

Filing Documents

• save-20240124.htm (8-K) — 25KB
• 0001498710-24-000054.txt ( ) — 149KB
• save-20240124.xsd (EX-101.SCH) — 2KB
• save-20240124_lab.xml (EX-101.LAB) — 24KB
• save-20240124_pre.xml (EX-101.PRE) — 12KB
• save-20240124_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Warrant Adjustments On April 20, 2020, January 15, 2021 and April 29, 2021, respectively, Spirit Airlines, Inc. ("Spirit") entered into the Warrant Agreements (as supplemented by the Warrants to Purchase Common Stock issued pursuant thereto, the "Warrant Agreements") with the United States Department of the Treasury ("Treasury"), concerning the issuance by Spirit to Treasury of warrants to purchase shares of Spirit's common stock, par value $0.0001 ("Common Stock"), in accordance with the terms of the respective Warrant Agreements pursuant to the PSP1 program (the "PSP1 Warrants"), PSP2 program (the "PSP2 Warrants") and PSP3 program (the "PSP3 Warrants" and, together with the PSP1 Warrants and PSP2 Warrants, the "Warrants"). On January 12, 2024, JetBlue Airways Corporation ("JetBlue") announced that it will pay $0.10 in cash per outstanding share of Common Stock on January 31, 2024 to Spirit's stockholders of record on January 25, 2024 as a prepayment of merger consideration, pursuant to the terms of that certain Agreement and Plan of Merger, dated as of July 28, 2022 (the "Merger Agreement"), by and among Spirit, JetBlue and Sundown Acquisition Corp. Accordingly, on January 24, 2024, Spirit announced an adjustment to the exercise prices and warrant shares of the Warrants. The exercise price in respect of the PSP1 Warrants has been adjusted from $11.663 to $11.568, and the number of warrant shares issuable upon the exercise of the PSP1 Warrants has been adjusted from 628,725.19 to 633,888.48. The exercise price in respect of the PSP2 Warrants has been adjusted from $20.229 to $20.065, and the number of warrant shares issuable upon the exercise of the PSP2 Warrants has been adjusted from 166,292.37 to 167,651.55. The exercise price in respect of the PSP3 Warrants has been adjusted from $30.196 to $29.950, and the number of warrant shares issuable upon the exercise of the PSP3 Warrants has been adjusted from 97,219.73 to 98,018.26. Co

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 24, 2024 SPIRIT AIRLINES, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Senior Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR