Spirit Aviation Holdings, Inc. shares fall 6.65% intraday after the Schall Law Firm announced an investigation into the company's securities law violations.

Spirit Aviation Holdings, Inc. declined 6.65% in intraday trading, following the announcement by The Schall Law Firm that it is investigating claims on behalf of Spirit Aviation investors for potential violations of securities laws. The investigation focuses on whether the company issued false or misleading statements and/or failed to disclose pertinent information to investors. Spirit disclosed in a regulatory filing on August 11, 2025, that there is substantial doubt as to the company's ability to continue as a going concern within 12 months, citing adverse market conditions and minimum liquidity covenants in the company's debt.