INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Aviation Holdings, Inc. - FLYY
GlobeNewswire News Room·2025-08-21 17:24

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Spirit Aviation Holdings, Inc. and its officers or directors [1] Group 1: Company Financial Concerns - On August 11, 2025, Spirit disclosed substantial doubt regarding its ability to continue as a going concern within the next 12 months, citing adverse market conditions and liquidity covenants that require financial results to improve faster than anticipated [2] - Following this disclosure, Spirit's stock price dropped by $1.44 per share, representing a 40.68% decline, closing at $2.10 per share on August 12, 2025 [2] Group 2: Legal Context - The Pomerantz Firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud and corporate misconduct [3]