Spirit Aviation Holdings Faces Delisting Notice
Ticker: FLYYQ · Form: 8-K · Filed: Sep 3, 2025 · CIK: 1498710
Sentiment: bearish
Topics: delisting, financial-distress, listing-standards
TL;DR
Spirit Aviation Holdings might get delisted - big trouble ahead.
AI Summary
Spirit Aviation Holdings, Inc. filed an 8-K on September 3, 2025, reporting a notice of delisting or failure to satisfy continued listing rules as of September 2, 2025. The company, formerly known as Spirit Airlines, Inc., is based in Dania Beach, Florida.
Why It Matters
This filing indicates potential severe financial distress for Spirit Aviation Holdings, Inc., which could lead to its shares being removed from major exchanges.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a strong indicator of significant financial instability and potential bankruptcy.
Key Players & Entities
- Spirit Aviation Holdings, Inc. (company) — Registrant
- Spirit Airlines, Inc. (company) — Former company name
- Dania Beach, Florida (location) — Principal executive offices
- September 2, 2025 (date) — Date of earliest event reported
- September 3, 2025 (date) — Filing date
FAQ
What specific listing rule or standard has Spirit Aviation Holdings, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that has not been met, only that a notice has been issued.
What is the immediate impact of this notice on Spirit Aviation Holdings, Inc.'s stock trading?
The filing indicates a potential delisting, which could lead to the stock trading on over-the-counter markets or ceasing to trade altogether.
When was Spirit Aviation Holdings, Inc. formerly known as Spirit Airlines, Inc.?
The company's name changed from Spirit Airlines, Inc. on August 11, 2010.
What is the address of Spirit Aviation Holdings, Inc.'s principal executive offices?
The principal executive offices are located at 1731 Radiant Drive, Dania Beach, Florida 33004.
What is the Commission File Number for Spirit Aviation Holdings, Inc.?
The Commission File Number for Spirit Aviation Holdings, Inc. is 001-35186.
Filing Stats: 1,216 words · 5 min read · ~4 pages · Grade level 13.8 · Accepted 2025-09-02 21:01:08
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value FLYY 1 NYSE American Indi
- $0 — ) to delist the common stock, par value $0.0001, of the Company (the "Common Stock
Filing Documents
- dp233865_8k.htm (8-K) — 30KB
- 0000950103-25-011142.txt ( ) — 191KB
- flyy-20250902.xsd (EX-101.SCH) — 3KB
- flyy-20250902_lab.xml (EX-101.LAB) — 33KB
- flyy-20250902_pre.xml (EX-101.PRE) — 22KB
- dp233865_8k_htm.xml (XML) — 3KB
01. Notice of Delisting or Failure to Satisfy a Continued
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On September 2, 2025, Spirit Aviation Holdings, Inc. (the "Company") received a notice from the staff of NYSE Regulation ("NYSE Regulation") that it had determined to commence proceedings to delist the common stock, par value $0.0001, of the Company (the "Common Stock") from NYSE American LLC ("NYSE American") and that trading in the Common Stock was suspended immediately on September 2, 2025. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Section 1003(c)(iii) of the NYSE American Company Guide after the Company disclosed in its August 29, 2025 Current Report on Form 8-K that the Company filed a voluntary petition for reorganization 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 "Chapter 11 Case") on August 29, 2025. NYSE American will apply to the U.S. Securities and Exchange Commission to delist the Common Stock upon completion of applicable procedures. The Company does not intend to appeal the determination and, therefore, it is expected that the Common Stock will be delisted from NYSE American. As a result of the suspension and expected delisting, the Common Stock is expected to commence trading in the OTC market. The OTC market is a significantly more limited market than NYSE American, and quotation on the OTC market likely results in a less liquid market for existing and potential holders of the Common Stock to trade in the Common Stock and could further depress the trading price of the Common Stock. The Company can provide no assurance that its Common Stock will continue to trade on this market, whether broker-dealers will continue to provide public quotes of the Common Stock on this market, or whether the trading volume of the Common Stock will be sufficient to provide for an efficient trading market. The
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 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: September 2, 2025 SPIRIT AVIATION HOLDINGS, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Executive Vice President and General Counsel