PJT Partners's 15-minute chart has recently triggered a KDJ Golden Cross and a Bullish Marubozu at 08/25/2022 14:15. This indicates a shift in momentum towards the upside, suggesting a potential increase in the stock price. The dominance of buyers in the market is a bullish sign, and the momentum is likely to continue in this direction.
Spirit Aviation Holdings, the parent company of the low-cost airline Spirit Aviation, is exploring strategic alternatives following the failure of its recent financial restructuring efforts. The company has been grappling with cash shortages, which have raised doubts about its ability to continue operations. In response, Spirit Aviation has engaged financial advisory firm PJT Partners to address its cash flow issues, along with consulting firms FTI and Seabury Aviation Strategic Group [1].
The airline has warned that without an infusion of cash, it may not be able to meet its debt obligations and could potentially cease operations within a year. This dire situation comes after Spirit Aviation filed for Chapter 11 bankruptcy protection in November of last year and emerged from the process in March of this year. The company's struggles have led to a significant drop in its stock price, with shares falling by 10% in pre-market trading, reflecting investor concerns about its financial stability and its ability to secure the necessary funding to sustain its operations [1].
Meanwhile, Intel has announced a substantial investment agreement with the Trump Administration to support U.S. technological and manufacturing leadership. The federal government will invest $8.9 billion in Intel common stock, sourced from grants under the CHIPS and Science Act and the Secure Enclave program. This brings the total government investment in Intel to $11.1 billion, including previous grants and investments. The government will acquire 433.3 million shares at $20.47 each, equating to a 9.9% stake in Intel at a discounted price [2].
PJT Partners acted as Intel’s exclusive financial advisor in connection with this investment agreement. The agreement reflects widespread support for U.S. semiconductor leadership from technology giants and the government, reinforcing efforts to build a robust and resilient American supply chain. Advisors and industry leaders have expressed their support for Intel's continued investment in strengthening the U.S. semiconductor supply chain [2].
References:
[1] https://www.ainvest.com/news/spirit-aviation-seeks-cash-infusion-stock-drops-10-2508/
[2] https://pulse2.com/intel-u-s-government-making-8-9-billion-investment-in-common-stock/
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