{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-001007","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2025-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.795633+00:00","generated_at":"2026-05-27T06:49:13.343504+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Spirit Airlines rejects Frontier's $400M debt/19% equity merger proposal, to proceed with standalone Chapter 11 plan","bullets":["Frontier proposed $400M principal debt + 19% equity for Spirit stakeholders; Spirit deemed it inferior to existing plan.","Spirit's Board determined not to further delay emergence; confirmation hearing set for Feb 13, 2025 with exit expected Q1 2025.","Spirit noted earlier 2024 agreement in principle was for $580M debt + 26.5% equity, far better than new Frontier proposal.","Creditors' advisors reportedly viewed Frontier's proposal as insufficient and not warranting a counter.","Spirit continues to advance restructuring to significantly deleverage and position for long-term success."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-001007","json":"https://secwatch.observer/filing/0000950103-25-001007.json","markdown":"https://secwatch.observer/filing/0000950103-25-001007.md","text":"https://secwatch.observer/filing/0000950103-25-001007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325001007/0000950103-25-001007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325001007/dp223953_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T06:49:13.343504+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}