Portnoy Law Firm Announces Class Action on Behalf of Spirit Aviation Holdings, Inc. Investors

Core Viewpoint - Spirit Aviation Holdings, Inc. is facing a class action lawsuit due to concerns about its financial viability and significant stock price decline following a regulatory disclosure regarding its ability to continue as a going concern [1][3]. Group 1: Class Action Details - The class action is on behalf of investors who purchased securities between May 28, 2025, and August 29, 2025, with a deadline of December 1, 2025, for filing a lead plaintiff motion [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Financial Concerns - On August 11, 2025, Spirit disclosed substantial doubt about its ability to continue as a going concern within 12 months, citing adverse market conditions and liquidity covenants [3]. - Following this disclosure, Spirit's stock price dropped by $1.44 per share, or 40.68%, closing at $2.10 per share on August 12, 2025 [3]. Group 3: Legal Representation - The Portnoy Law Firm specializes in representing investors in claims related to corporate wrongdoing and has recovered over $5.5 billion for investors in the past [4].