---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-001890"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T22:49:40.927376+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Spirit rejects Frontier's $400M debt+19% equity proposal; stands by standalone recap

## Summary
- Spirit rejects Frontier's Feb 4 proposal: $400M second-lien debt + 19% equity, waiving $35M termination fee.
- Spirit's Feb 7 counterproposal offered $600M first-lien debt + $1.185B equity via market mechanism and $35M fee from Frontier.
- Frontier rejected counterproposal on Feb 10; Spirit proceeds with standalone plan seeking confirmation on Feb 13.
- Over 99.99% of voting creditors accepted Spirit's plan; all but two objections resolved.
- Spirit expects to exit Chapter 11 in Q1 2025; stock now trades on OTC Pink under SAVEQ.

## SEC filing metadata
- accession: 0000950103-25-001890
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000095010325001890/0000950103-25-001890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000095010325001890/dp224690_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-001890
- JSON: https://secwatch.observer/filing/0000950103-25-001890.json
- Plain text: https://secwatch.observer/filing/0000950103-25-001890.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.