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The latest announcement is out from Spirit Airlines ( (SAVEQ) ).
Spirit Airlines filed for Chapter 11 bankruptcy on November 18, 2024, with its subsidiaries following on November 25, 2024, in the Southern District of New York. The company commenced an equity rights offering to raise $350 million as part of its reorganization plan. Initially set to expire on January 30, 2025, the deadline for this offering was extended twice, with the latest extension pushing it to February 20, 2025. This move is part of Spirit Airlines’ efforts to manage its financial restructuring, impacting stakeholders as the company navigates its substantial indebtedness and potential market challenges.
More about Spirit Airlines
YTD Price Performance: 46.43%
Average Trading Volume: 8,670,692
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $67.36M
See more data about SAVEQ stock on TipRanks’ Stock Analysis page.
