Spirit Airlines (SAVE) has released an update.
Spirit Airlines has adjusted the exercise prices and number of shares for its outstanding warrants, as well as the conversion rates for its convertible notes, in response to a cash prepayment by JetBlue Airways as part of a merger agreement. The adjustments reflect a lower exercise price and an increased number of shares for warrants, along with higher conversion rates for the convertible notes, enabling stockholders to receive greater equity per dollar invested or note held.
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