INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Aviation Holdings, Inc. - FLYY
GlobeNewswire News Room·2025-08-25 15:32

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Spirit Aviation Holdings, Inc. following a significant decline in the company's stock price due to concerns about its financial viability [1][3]. 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 [3]. - Following this announcement, 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 [3]. Group 2: Legal Investigation - Pomerantz LLP is actively investigating whether Spirit and certain officers or directors have engaged in securities fraud or other unlawful business practices, encouraging affected investors to come forward [1].