Streetbeat News

Bankruptcy

SAVE

Spirit Airlines has filed for Chapter 11 bankruptcy protection but will continue its flight operations. This move is significant for travelers and investors as it impacts the budget airline's financial stability and future operations.

Portfolio Pulse from

November 18, 2024 | 11:15 am

SAVE

Spirit Airlines has filed for Chapter 11 bankruptcy protection but will continue normal operations, with all tickets remaining valid.

Portfolio Pulse from

November 18, 2024 | 10:30 am

SAVE

Spirit Airlines has filed for bankruptcy protection due to mounting losses following a failed acquisition by JetBlue Airways, an engine recall, and weaker sales. The company is also facing a deadline to renegotiate $1.1 billion in debt payments due next year.

Portfolio Pulse from

November 18, 2024 | 10:30 am

SAVE

Spirit Airlines has filed for bankruptcy protection due to ongoing quarterly losses and significant debt.

Portfolio Pulse from

November 18, 2024 | 10:15 am

SAVE

Spirit Airlines has announced a restructuring support agreement to deleverage its balance sheet and position itself for long-term success. The company has commenced voluntary prearranged Chapter 11 proceedings and secured $350 million in equity investment and $300 million in debtor-in-possession financing. Operations will continue as normal.

Portfolio Pulse from

November 18, 2024 | 10:00 am

CTRYF

Country Garden has submitted a preliminary offshore debt restructuring proposal to creditors to avoid liquidation. This move is crucial for the indebted Chinese property developer.

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November 18, 2024 | 4:15 am

CMAX

CareMax, Inc. (NASDAQ: CMAX; CMAXW) has announced agreements to sell its management services organization and core centers' assets. These sales will be executed under a prearranged chapter 11 plan, fully supported and funded by CareMax's current stakeholders.

Portfolio Pulse from

November 17, 2024 | 11:30 pm

CMAX

CareMax, a medical services provider operating 56 centers across several states, has filed for Chapter 11 bankruptcy in Texas. This restructuring move is aimed at addressing financial challenges.

Portfolio Pulse from

November 17, 2024 | 3:45 pm

KNW

Know Labs, Inc. has received an audit opinion with a going concern explanation, indicating potential financial instability. This was disclosed in their annual report filed with the SEC.

Portfolio Pulse from

November 16, 2024 | 12:30 am

TFFP

TFF Pharmaceuticals, Inc. (Nasdaq: TFFP) has announced it will wind down operations and has terminated its employees following a board decision.

Portfolio Pulse from

November 14, 2024 | 9:30 pm