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Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.  Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks.  Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.  Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.  The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

Bitcoin

Bitcoin is trending as the community anticipates potential volatility amid government shutdown concerns, often viewed as a bullish catalyst due to its decentralized nature. The cryptocurrency's potential as a safe haven asset and the start of 'Uptober' are also fueling positive sentiment. Community members are closely watching key resistance levels, anticipating a possible breakout.

A project grown out of the community's love and passion for the weed culture. Launched around early 2025, $weedcoin, “Like Bitcoin but way higher,” emphasizes its alignment with cannabis culture and a laid-back vibe. Unlike other Weed communities, this project leans heavily into community engagement over technical utility, aiming to build a “stoner community” through social media presence and decentralized governance. We also aim to focus on onboarding web2 businesses and users onto web3 through the token.

Weedcoin

Weedcoin is gaining traction as a cryptocurrency merging blockchain with cannabis culture, sparking interest in its potential for growth and innovation. Community members are actively sharing contract addresses and celebrating the coin's unique identity. The coin is presented as more than just a currency, but a movement towards freedom and cultural expression within the digital space.

Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.  On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.

Ethereum

Ethereum is trending as the crypto market anticipates potential gains in the coming month, with some eyeing historical performance trends and others pointing to technical indicators suggesting a possible rally. Community members are actively debating potential price movements and key levels to watch, while also considering the impact of broader market factors. Some are discussing the influence of major financial institutions entering the crypto space.

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.  Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.  Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.  In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.  XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.

Ripple

XRP is trending as the crypto community discusses potential catalysts for a price surge in October, including speculation around ETF approvals and the impact of a possible government shutdown. Some traders are weighing short-term bearish possibilities against the longer term outlook. Community members are also analyzing XRP's relationship with broader crypto market trends and developments with SWIFT.

SSgA Active Trust - SPDR S&P 500 ETF Trust

SPY is trending as the government shutdown looms, sparking debate about its potential impact on the market. While some traders anticipate a dip, drawing parallels to past shutdowns that saw gains, others believe current high valuations make this situation different. The community is weighing the potential for market volatility against historical trends, with some eyeing safe-haven assets.

Netflix, Inc. engages in providing entertainment services. It also offers activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.

Netflix Inc.

Netflix Inc

Netflix is trending as Elon Musk and others are reportedly canceling subscriptions due to concerns about the platform's content, sparking community debate about potential impacts.  While some anticipate a resulting dip, others dismiss the cancellations as insignificant, pointing to Netflix's large subscriber base.  The broader discussion involves content strategy and potential market effects in the competitive streaming landscape.

Pfizer Inc. is a research-based global biopharmaceutical company, which engages in the discovery, development, manufacture, marketing, sales and distribution of biopharmaceutical products worldwide. The firm works across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases. The company was founded by Charles Pfizer Sr. and Charles Erhart in 1849 and is headquartered in New York, NY.

Pfizer Inc.

Pfizer Inc

Pfizer ($PFE) is trending due to its agreement with the Trump administration to lower drug prices via a new platform, coupled with a $70 billion investment in R&D and U.S. manufacturing. The community is weighing the potential impact on profit margins against the benefits of tariff exemptions and increased government favor. Some investors are also focusing on the company's acquisition of Metsera and its potential in the weight-loss drug market.

Strategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Vienna, VA.

Strategy Inc. - Ordinary Shares - Class A

Strategy

Strategy ($MSTR) is trending as the community discusses its correlation to Bitcoin's price movements and potential for future growth, with some highlighting Michael Saylor's continued influence and the company's large Bitcoin holdings. Recent market activity has sparked debates about potential short squeezes and whether the stock is currently overvalued or undervalued relative to its net asset value (NAV). Discussions also involve potential government actions affecting crypto and their impact on $MSTR.

Draganfly, Inc. engages in the manufacture and sale of commercial unmanned aerial vehicle systems and software serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Its products include quad-copters, fixed wing aircrafts, ground based robots, hand held controllers, and software used for tracking, live streaming, and data collection. The firm also offers custom engineering, training, simulation consulting, as well as data and flight training services. The company was founded by Zenon Dragan and Christine Dragan in 1998 and is headquartered in Saskatoon, Canada.

Draganfly Inc

Draganfly ($DPRO) is trending due to increased community interest and positive sentiment around its potential in the drone and AI/IoT sectors, particularly following news of a US Army deal. Traders are actively discussing the stock's low float and potential for a short squeeze, with many anticipating significant upside and contract details to drive the price higher. Some see it as undervalued compared to other drone companies, like $RCAT and $ONDS.

Bitmine Immersion Technologies, Inc. is a blockchain technology company, which engages in industrial scale digital asset mining, equipment sales, and hosting operations. It operates through the Cryptocurrency Mining Industry segment. The company was founded on August 16, 1995 and is headquartered in Las Vegas, NV.

BitMine Immersion Technologies Inc

Bitmine Immersion Technologies Inc

BMNR is trending amid positive sentiment around Ethereum, with the community anticipating a potential rally and discussing the company's growing ETH holdings. Talk of a government shutdown and its potential impact on crypto is circulating, with some expecting BMNR to benefit. Technical analysis and predictions of significant price increases are also contributing to the heightened interest.

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Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, LLC, <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.prnewswire.com/news-releases/spirit-airlines-announces-senior-leadership-transition-302421594.html">announced</a> changes to its leadership team on Monday.Spirit said that its CEO and President, Ted Christie, will step down from the company and its Board of Directors effective Monday. The company added that the board is in the process of appointing a permanent replacement.Until the new CEO is appointed, an Office of the President has been formed to lead the company until the new CEO is appointed.The office comprises Fred Cromer, Executive Vice President and Chief Financial Officer; John Bendoraitis, Executive Vice President and Chief Operating Officer; and Thomas Canfield, Senior Vice President and General Counsel.The company also said that its Chief Commercial Officer and Executive Vice President Matt Klein will step down and be succeeded immediately by Senior Vice President Rana Ghosh.Spirit Airlines Chairman Robert Milton praised Christie for his contributions.“He has seen a lot and done a lot during his tenure here, including navigating the Company through the COVID crisis and multiple strategic junctures, as well as most recently, a corporate restructuring. Ted has kept the company together through challenging times,” he said.The leadership transition comes weeks after the company emerged from its financial restructuring.In March, Spirit <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.prnewswire.com/news-releases/spirit-airlines-emerges-from-financial-restructuring-better-positioned-to-advance-its-transformation-and-enhanced-guest-experience-302400320.html">announced</a> that it had received a $350 million equity investment from existing investors to support its future initiatives. At the time, the company said that Christie would continue to lead the company.Meanwhile, on Stocktwits, retail sentiment continued to trend in the ‘bearish’ territory (37/100), albeit with a marginally higher score.<figure class="image"><img style="aspect-ratio:1844/424;" src="https://news.stocktwits-cdn.com/Screenshot_2025_04_07_at_2_12_00_PM_png_1c9a71daa2.webp" alt="Spirit’s Sentiment Meter and Message Volume as of 1:34 p.m. ET on April 7, 2025 | Source: Stocktwits" width="1844" height="424"><figcaption>Spirit’s Sentiment Meter and Message Volume as of 1:34 p.m. ET on April 7, 2025 | Source: Stocktwits</figcaption></figure>The common stock issued by Spirit Airlines was canceled, and newly issued shares now held by Spirit's new owners are expected to trade in the over-the-counter marketplace.<a href="https://stocktwits.com/symbol/SAVEQ">Spirit said</a> it expects to re-list its shares on a stock exchange as soon as reasonably practicable after the effective date of its plan of reorganization.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/trump-threatens-china-with-50-additional-tariffs/chf1CZ6Rb7r">Trump Threatens China With 50% Additional Tariffs If Xi Jinping’s Administration Fails To Lift Duties By Tuesday, Warns Termination Of Talks</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Spirit Airlines Airbus A320 aircraft spotted flying, landing and taxiing in LaGuardia airport. (Photo by Nicolas Economou/NurPhoto via Getty Images)

Spirit Airlines Announces Leadership Transition, CEO Ted Christie Steps Down

The company also announced that its Chief Commercial Officer and Executive Vice President Matt Klein will step down and be succeeded immediately by Senior Vice President Rana Ghosh.  

Equity

The company also announced that its Chief Commercial Officer and Executive Vice President Matt Klein will step down and be succeeded immediately by Senior Vice President Rana Ghosh.  


Spirit Airlines (SAVEQ) garnered retail attention on Thursday after a court approved its plan to exit bankruptcy by converting $795 million in debt to equity and emerge as a privately owned company.The company said it expects to emerge from restructuring in the coming weeks following the approval of the United States Bankruptcy Court for the Southern District of New York to hand over the airline to creditors.According to court documents, Spirit’s creditors include Citadel Advisors, Pacific Investment Management, and UBS Asset Management.The plan, proposed in November, also entails an equity investment of $350 million in Spirit and the issuance of $840 million in fresh secured debt to its bondholders.“As we move forward, our leadership team remains focused on reducing costs while also advancing our strategic initiatives to transform our Guest experience and position Spirit for success," CEO Ted Christie said.Thursday’s ruling comes after Frontier Airlines sought to buy Spirit earlier this year by issuing $400 million debt and a 19% stake. Spirit termed the offer as non-compelling and rejected it.Frontier had first agreed to buy Spirit in 2022, but the deal did not take place after rival JetBlue made a better offer. A U.S. judge then blocked the deal with JetBlue following a challenge by the U.S. Department of Justice.Spirit filed for bankruptcy protection in November after years of losses and the failed merger with JetBlue.According to several media reports, the U.S. court also overruled objections raised by the U.S. Trustee to the releases of some parties who had ties to the restructuring process from creditors' claims.Retail sentiment on Stocktwits slumped into ‘bearish’ (35/100) territory from ‘bullish’ (63/100) a day ago, while retail chatter was ‘high.’<figure class="image"><img style="aspect-ratio:801/175;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/SAVEQ_Feb_20_3ee67bcda1.JPG" alt="SAVEQ’s Sentiment Meter and Message Volume as of 01:21 a.m. ET on Feb. 21, 2025 | Source: Stocktwits" width="801" height="175"><figcaption>SAVEQ’s Sentiment Meter and Message Volume as of 01:21 a.m. ET on Feb. 21, 2025 | Source: Stocktwits</figcaption></figure>One user was disappointed with the approval and accused the company of making false promises.<stembedurl>https://stocktwits.com/Monkeymano/message/605126412</stembedurl>Another user wondered if Frontier would come up with another offer.<stembedurl>https://stocktwits.com/boo93/message/605125422</stembedurl>Over the past month, <a href="https://stocktwits.com/symbol/SAVEQ">Spirit stock</a> has gained nearly 28%.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/diamondback-energy-ceo-steps-down-days-before-q4-earnings-retail-takes-notice-but-remains-unfazed/ch5D6m0RDf">Diamondback Energy CEO Steps Down Days Before Q4 Earnings: Retail Takes Notice But Remains Unfazed</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Spirit Airlines To Go Private After Court Approves Restructuring Plan, Retail Expresses Disappointment 

The company said it expects to emerge from restructuring in the coming weeks.

Spirit Airlines (SAVEQ) and Frontier Group Holdings Inc (ULCC) garnered retail attention on Wednesday after the former rejected Frontier's slightly modified buyout offer.Spirit said that on Feb. 4, it received a new proposal from Frontier, essentially the same as its <a href="https://stocktwits.com/news-articles/markets/equity/spirit-airlines-rejects-frontier-merger-proposal/chbAkK8Rpx">earlier offer</a> of $400 million in debt and a 19% stake in Frontier.However, the new offer did not require Spirit to complete its previously announced $350 million equity rights offering. But it needed a waiver of the Bankruptcy Court-approved $35 million termination fee.“The new proposal did not address certain material risks and issues previously identified by the company, including that the new proposal would deliver less in value to the company's stakeholders than contemplated by the company's existing plan of reorganization,” Spirit said in a statement.The airline company said it had submitted a counterproposal to Frontier, which was rejected.Frontier first agreed to buy Spirit in 2022, but the deal did not take place after rival JetBlue made a better offer. A U.S. judge then blocked the deal with JetBlue following a challenge by the U.S. Department of Justice.Spirit filed for bankruptcy protection in November after years of losses and the failed merger with JetBlue.&nbsp;The airline had entered into a restructuring support agreement supported by most of its convertible bondholders on the terms of a comprehensive balance sheet restructuring.A confirmation hearing about Spirit’s plan of reorganization is currently scheduled for Feb. 13.Retail sentiment on Stocktwits surrounding Frontier and Spirit trended in the ‘extremely bullish’ territory.<figure class="image"><img style="aspect-ratio:796/178;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/SAVEQ_Feb_12_5797820c26.JPG" alt="SAVEQ’s Sentiment Meter and Message Volume as of 3:01 a.m. ET on Feb. 12, 2025 | Source: Stocktwits" width="796" height="178"><figcaption>SAVEQ’s Sentiment Meter and Message Volume as of 3:01 a.m. ET on Feb. 12, 2025 | Source: Stocktwits</figcaption></figure><figure class="image"><img style="aspect-ratio:800/181;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/ULCC_Feb_12_6554db61bf.JPG" alt="ULCC’s Sentiment Meter and Message Volume as of 3:02 p.m. ET on Feb. 12, 2025 | Source: Stocktwits" width="800" height="181"><figcaption>ULCC’s Sentiment Meter and Message Volume as of 3:02 p.m. ET on Feb. 12, 2025 | Source: Stocktwits</figcaption></figure>Retailers welcomed the talks, while some urged Spirit to go through with the deal.<stembedurl>https://stocktwits.com/Zedtalks179/message/603879598</stembedurl><stembedurl>https://stocktwits.com/Zedtalks179/message/603883010</stembedurl>Over the past year, <a href="https://stocktwits.com/symbol/ULCC">Frontier stock</a> has gained 23.5%, while <a href="https://stocktwits.com/symbol/SAVEQ">Spirit Airlines stock</a> has more than doubled this year.&nbsp;Also See: <a href="https://stocktwits.com/news-articles/markets/equity/upstart-holdings-stock-soars-aftermarket-after-surprise-q4-profit-retail-s-exuberant/ch5afJFRuT">Upstart Holdings Stock Soars Aftermarket After Surprise Q4 Profit: Retail’s Exuberant</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. (Photo by Joe Raedle/Getty Images)

Spirit Airlines Rejects New Merger Offer From Frontier: Retail’s Optimistic About A Deal

The airline said it had submitted a counterproposal to Frontier, which was rejected.

Spirit Airlines rejects renewed takeover bid from Frontier

Investing.com--   Spirit Airlines   Inc (OTC:SAVEQ) has declined a renewed acquisition proposal from   Frontier Group Holdings   Inc (NASDAQ:ULCC), opting to proceed with its existing restructuring plan, the company announced on Tuesday.

Frontier Group Holdings Inc (ULCC) shares received a price target hike by Barclays on Monday after the company <a href="https://stocktwits.com/news-articles/markets/equity/frontier-group-stock-soars-after-record-quarterly-revenue/chPzoS0Rsz">reported</a> a better-than-expected fourth-quarter earnings report.According to The Fly, Barclays raised its price target on Frontier Group to $14 from $10 while keeping an ‘Overweight’ rating on the shares. The new price target implies a 50% upside from the stock’s closing price on Friday.The brokerage highlighted that Frontier’s stronger unit revenue performance aids a more bullish margin outlook for 2025. Barclays also noted that although the management remains interested in a merger with Spirit, it maintains its focus on driving core earnings improvement.On Friday, Frontier reported a 12% rise in its total operating revenue to a record billion dollars compared to a Wall Street estimate of $986.50 million. Adjusted earnings per share (EPS) came in at $0.23 compared to an analyst estimate of $0.13.Net income for the quarter was $54 million, compared to a net loss of $37 million in the same quarter a year ago.Revenue per available seat mile (RASM) rose 15% year-over-year (YoY) to $0.1023 during the quarter. The firm said this was primarily driven by its capacity deployment focused on peak days of the week, continued progress on the revenue and network initiatives, and the overall moderation in industry capacity growth.CEO Barry Biffle said in an <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/video/2025/02/07/frontier-group-ceo-focus-on-loyalty-and-premiumization-has-enabled-us-to-exceed-expectations.html">interview</a> with CNBC that the premiumization and the focus on loyalty are starting to take effect. “That enabled us to exceed expectations in the fourth quarter,” he said.In late January, Spirit Airlines Inc (SAVEQ) had rejected Frontier's new merger offer.Frontier’s proposal involved combining with Spirit in a transaction that provides for the issuance of $400 million principal amount of debt by the firm and 19% of its common equity at the closing of the transaction, to be distributed to the holders of senior secured notes, 2025 convertible notes, 2026 convertible notes, and existing interests. Biffle also stated that with Spirit extending its deadline for the rights offering by a week, Frontier remains ready to engage.On Stocktwits, retail sentiment climbed further into the ‘extremely bullish’ territory (89/100), accompanied by significant retail chatter.<figure class="image"><img style="aspect-ratio:1858/426;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2025_02_10_at_7_10_25_AM_da9ffe6ad2.png" alt="ULCC’s Sentiment Meter and Message Volume as of 6:56 a.m. ET on Feb. 10, 2025 | Source: Stocktwits" width="1858" height="426"><figcaption>ULCC’s Sentiment Meter and Message Volume as of 6:56 a.m. ET on Feb. 10, 2025 | Source: Stocktwits</figcaption></figure>Frontier Group shares traded marginally in the green in Monday’s pre-market session after closing over 15% higher on Friday.<a href="https://stocktwits.com/symbol/ULCC">ULCC shares</a> have gained over 29% in 2025 and have risen over 18% in the last year.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/ibex-stock-soars-on-record-revenue-upbeat-guidance/chPzME3Rtd">IBEX Stock Soars On Record Revenue, Upbeat Guidance: Retail’s Yet To Be Convinced</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Stock market data with uptrend vector | Illustration Source: Getty Images

Frontier Group Stock Scores Barclays Price Target Boost, Retail Optimism Stays High

According to TheFly, Barclays raised its price target on Frontier Group to $14 from $10 while keeping an ‘Overweight’ rating on the shares.

Frontier Group Holdings Inc (ULCC) and Spirit Airlines Inc (SAVEQ) drew retail attention on Thursday after the latter rejected Frontier's new merger offer.Frontier’s <a target="_blank" rel="noopener noreferrer nofollow" href="https://ir.flyfrontier.com/static-files/8a332077-016f-437c-a792-8dca5ebf569b">proposal</a> involved combining with Spirit in a transaction that provides for the issuance of $400 million principal amount of debt by the firm and 19% of its common equity at the closing of the transaction, to be distributed to the holders of senior secured notes, 2025 convertible notes, 2026 convertible notes and existing interests.Chair of Frontier's Board of Directors Bill Franke said the proposal reflects a compelling opportunity that will result in more value than Spirit's standalone plan by creating a stronger low-fare airline with the long-term viability to compete more effectively and enter new markets at scale.CEO Barry Biffle also expressed optimism that as a combined airline, the companies would be positioned to offer more options, deeper savings, and an enhanced travel experience with more reliable service.Spirit, however, <a target="_blank" rel="noopener noreferrer nofollow" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001498710/74655052-c10e-4089-94d3-cf77afb6893f.pdf">pointed</a> out that the proposal is far below the terms agreed in August 2024 on both debt ($580 million) and equity (26.5% of the combined company) consideration. It also requires a $350 million new equity investment by the firm’s bondholders.Spirit said this is a material funding demand they emphatically reject under the proposal’s current terms.“While we appreciate your continued interest and share your view of the logic of a potential transaction, your January 7 terms (which have not been improved on in the last three weeks) are both inadequate and unactionable,” Spirit said in an exchange filing.In November, Spirit filed for bankruptcy protection after years of losses and a failed merger with Frontier Airlines. The airline had entered into a restructuring support agreement supported by most of its convertible bondholders on the terms of a comprehensive balance sheet restructuring.On Stocktwits, retail sentiment surrounding Frontier and Spirit trended in the ‘extremely bearish’ territory.<figure class="image"><img style="aspect-ratio:1856/424;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2025_01_30_at_8_10_12_AM_2d95f7758c.png" alt="ULCC’s Sentiment Meter and Message Volume as of 7:45 a.m. ET on Jan. 29, 2025 | Source: Stocktwits" width="1856" height="424"><figcaption>ULCC’s Sentiment Meter and Message Volume as of 7:45 a.m. ET on Jan. 29, 2025 | Source: Stocktwits</figcaption></figure><figure class="image"><img style="aspect-ratio:1868/434;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2025_01_30_at_8_10_50_AM_fcfe744f26.png" alt="SAVEQ’s Sentiment Meter and Message Volume as of 7:45 a.m. ET on Jan. 29, 2025 | Source: Stocktwits" width="1868" height="434"><figcaption>SAVEQ’s Sentiment Meter and Message Volume as of 7:45 a.m. ET on Jan. 29, 2025 | Source: Stocktwits</figcaption></figure>Retail users on Stocktwits expressed mixed opinions on the stocks.<stembedurl>https://stocktwits.com/zdeciutiis/message/602086193</stembedurl><stembedurl>https://stocktwits.com/Stormra/message/602081486</stembedurl><stembedurl>https://stocktwits.com/dweller123/message/601914637</stembedurl><a href="https://stocktwits.com/symbol/SAVEQ">Spirit Airlines</a> stock has gained over 40% this year on the OTC markets, while Frontier stock has gained over 13% in the same period.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/federal-reserve-keeps-key-rate-unchanged/chboNLiRpF">Federal Reserve Keeps Key Interest Rate Unchanged After Three Consecutive Cuts</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Spirit Airlines Rejects Frontier Merger Proposal: Retail Turns Extremely Bearish

Bill Franke, chair of Frontier's Board of Directors, said the proposal reflects a compelling opportunity to create a stronger low-fare airline that will result in more value than Spirit's standalone plan.

Spirit to lay off 200 employees, expects to emerge from Chapter 11 in Q1 - WSJ

Investing.com --  Spirit Airlines  (OTC:SAVEQ) is laying off around 200 employees as part of a broader effort to reduce expenses and align with its reduced operational capacity, CEO Ted Christie reportedly informed staff on Wednesday evening.

Spirit Airlines LLC engages in the provision of air transportation services. Its operations are concentrated in markets such as South Florida, the Caribbean, Latin America, and the Northeast and Northern Midwest regions of the United States. The firm offers travel insurance, carry-on and checked baggage, online booking, and other services. The company was founded by Ned Homfeld in 1964 and is headquartered in Dania Beach, FL.

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