- A class action lawsuit has been filed against **Spirit Aviation Holdings, Inc. (FLYYQ)** on behalf of investors who purchased securities between **May 28, 2025, and August 29, 2025**.  **[1498710_20251006LA91462:0]** 
- The lawsuit alleges that Spirit failed to disclose its substantial risk of being unable to meet debt obligations and being forced to file for Chapter 11 bankruptcy, while overstating its financial condition.  **[1498710_20251006LA91462:0]** 
- Spirit Aviation Holdings filed voluntary petitions for **Chapter 11 bankruptcy** on **August 29, 2025**, with shares expected to be cancelled and have no value as part of the restructuring.  **[1498710_20251006LA91462:0]** 
- Following the bankruptcy disclosure, Spirit's stock price fell **$0.71 per share, or 58.2%**, to close at **$0.51 per share** on September 3, 2025, after the NYSE suspended trading and the stock began trading on the OTC market under FLYYQ.  **[1498710_20251006LA91462:0]** 
- Shareholders interested in serving as lead plaintiff in the class action must submit their papers by **December 1, 2025**.  **[1498710_20251006LA91462:0]**

Spirit Aviation Holdings (FLYYQ)