{"schema_version":"secwatch.filing_event.v1","accession":"0001498710-24-000124","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.347719+00:00","generated_at":"2026-06-05T04:40:46.539564+00:00","sec_items":["1.01","1.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Spirit and JetBlue terminate merger; JetBlue to pay $69M termination fee","bullets":["Merger Agreement terminated effective March 1, 2024 by mutual agreement.","JetBlue will pay Spirit $69 million in cash by March 5, 2024.","Spirit had already received approximately $425 million in prepayments from JetBlue.","Spirit will continue as a standalone airline, focus on profitability, and assess debt refinancing.","Hired Perella Weinberg & Partners and Davis Polk & Wardwell as advisors; six-month non-solicitation/non-disparagement covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001498710-24-000124","json":"https://secwatch.observer/filing/0001498710-24-000124.json","markdown":"https://secwatch.observer/filing/0001498710-24-000124.md","text":"https://secwatch.observer/filing/0001498710-24-000124.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000124/0001498710-24-000124-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000124/save-20240301.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:40:46.539564+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":[{"claim_id":"57b01def5c67c064be39a770b42f5926e9e16c80","claim":"Spirit Aviation Holdings, Inc. terminated Agreement and Plan of Merger with JetBlue Airways Corporation valued at JetBlue will pay $69 million in cash to Spirit. (effective 2024-03-04).","evidence_excerpt":"On March 4, 2024, the Parties entered into a Termination Agreement (the \"Termination Agreement\"), pursuant to which the Merger Agreement was terminated effective immediately. Under the terms of the Termination Agreement, JetBlue will, no later than 5:00 p.m. ET on March 5, 2024, pay or cause to be paid $69 million in cash to Spirit.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000124/0001498710-24-000124-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"JetBlue Airways Corporation"},{"label":"Value","value":"JetBlue will pay $69 million in cash to Spirit."},{"label":"Effective","value":"2024-03-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}