regulatory
confidence high
sentiment negative
materiality 1.00
Spirit Airlines delisted from NYSE after Chapter 11 filing; trades on OTC Pink under SAVEQ
Spirit Aviation Holdings, Inc.
- NYSE suspended trading of Spirit common stock on Nov 18, 2024, and commenced delisting proceedings.
- Delisting follows Spirit's voluntary Chapter 11 filing on Nov 18, 2024; company not appealing.
- Stock now trades on OTC Pink Market under symbol SAVEQ, with limited liquidity expected.
- Holders of common stock may experience significant or complete loss depending on bankruptcy outcome.
- Deregistration under Section 12(b) will be effective 90 days after Form 25 filing.