Spirit Airlines (SAVE) Delisted from NYSE

Ticker: FLYYQ · Form: 8-K · Filed: Jan 29, 2025 · CIK: 1498710

Sentiment: bearish

Topics: delisting, stock-exchange, regulatory

Related Tickers: SAVE

TL;DR

SAVE is officially off the NYSE as of Dec 15th.

AI Summary

Spirit Airlines, Inc. reported on January 29, 2025, that its common stock was delisted from the New York Stock Exchange (NYSE) effective December 15, 2024, ten days after the NYSE filed a Form 25 on December 5, 2024. The company's common stock, trading under the symbol SAVE, is no longer listed on the NYSE.

Why It Matters

This delisting signifies a significant change in the trading status of Spirit Airlines' stock, potentially impacting liquidity and investor perception.

Risk Assessment

Risk Level: medium — Delisting from a major exchange like the NYSE can indicate financial distress or other significant operational issues, increasing risk for investors.

Key Numbers

Key Players & Entities

FAQ

What is the effective date of Spirit Airlines' delisting from the NYSE?

The delisting became effective ten days after the NYSE filed a Form 25 on December 5, 2024, making the effective date December 15, 2024.

What form was filed by the NYSE to initiate the delisting process for Spirit Airlines?

The New York Stock Exchange filed a Form 25 for Spirit Airlines, Inc. in connection with the delisting of its common stock.

What is the trading symbol for Spirit Airlines' common stock?

The trading symbol for Spirit Airlines' common stock is SAVE.

What is the date of this 8-K filing?

The date of this report is January 29, 2025.

Where was Spirit Airlines incorporated?

Spirit Airlines, Inc. is a Delaware corporation.

Filing Stats: 1,916 words · 8 min read · ~6 pages · Grade level 12.9 · Accepted 2025-01-29 06:41:43

Key Financial Figures

Filing Documents

01

Item 7.01. Regulation FD Disclosure. As previously disclosed, on November 18, 2024, Spirit Airlines Inc. (the "Company"), and subsequently on November 25, 2024, its subsidiaries (such subsidiaries, each a "Debtor," collectively with the Company, the "Debtors"), each filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). The Debtors' chapter 11 cases (the "Chapter 11 Cases") are being jointly administered for procedural purposes only under case number 24-11988 (SHL). As also previously disclosed, on November 18, 2024, the Company entered into a Restructuring Support Agreement (the "RSA") by and among the Company, certain of its subsidiaries and the Consenting Stakeholders (as defined therein). On November 26, 2024, the Debtors filed with the Bankruptcy Court a proposed pre-arranged plan of reorganization and the related disclosure statement (including all appendices, exhibits, schedules, and supplements thereto, and as altered, amended, supplemented, or otherwise modified from time to time in accordance therewith, the "Plan" or the "Disclosure Statement," respectively) subject to confirmation by the Bankruptcy Court. As previously disclosed by the Company in the Declaration of Fred Cromer in Support of the Chapter 11 Proceedings and First Day Pleadings (the "First Day Declaration"), filed with the Bankruptcy Court on November 18, 2024, the Company and Frontier Group Holdings, Inc. ("Frontier") restarted negotiations in the summer of 2024 around a possible combination. Those discussions were discontinued and were no longer ongoing at the time of the First Day Declaration filing. On January 7, 2025, Frontier submitted a proposal to the Debtors (the "Proposal") that, if consummated, would result in a combination of the Debtors and Frontier. Under the terms of the Proposal, which was subject to various conditions, the Debtors'

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Letter from Frontier Airlines, Inc. to Spirit Airlines, Inc., dated January 7, 2025 99.2 Letter from Spirit Airlines, Inc. to Frontier Airlines, Inc., dated January 11, 2025 99.3 Letter from Frontier Airlines, Inc. to Spirit Airlines, Inc., dated January 16, 2025 99.4 Presentation to Spirit Airlines, Inc., dated January 16, 2025 99.5 Email dated January 24, 2025 99.6 Email dated January 28, 2025 99.7 Presentation to Spirit Airlines, Inc., dated January 28, 2025 99.8 Letter from Spirit Airlines, Inc. to Frontier Airlines, Inc., dated January 28, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

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 29, 2025 SPIRIT AIRLINES, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Senior Vice President and General Counsel

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