Spirit Airlines, Inc. filed a Form 8-K disclosing updates on its Chapter 11 bankruptcy proceedings. On November 18, 2024, Spirit Airlines and its subsidiaries filed voluntary petitions for relief under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The bankruptcy cases are being jointly administered under case number 24-11988.

As part of its restructuring efforts, Spirit Airlines launched a $350 million Equity Rights Offering on December 30, 2024, which was initially set to expire on January 30, 2025. The company has now extended the deadline by 14 days to February 13, 2025, with the possibility of further extensions as permitted under the Equity Rights Offering Procedures.

Spirit Airlines’ common stock was delisted from the New York Stock Exchange, effective December 15, 2024, following a Form 25 filing. The stock began trading on the OTC Pink Market under the symbol “SAVEQ” on November 19, 2024.

The filing also contains forward-looking statements regarding the restructuring, the Equity Rights Offering, and other related matters. These statements are subject to risks and uncertainties, including Spirit’s ability to navigate its bankruptcy proceedings, manage its debt obligations, and adapt to fluctuating market conditions such as fuel prices.

Spirit Airlines emphasized that the forward-looking statements represent management’s views as of the date of the report and are not guarantees of future performance. The company reserves the right to update these statements as needed.