Cantor Equity Partners I and BSTR have halted Adam Back's 30,021-BTC treasury deal, citing the need to revise terms to reflect current market conditions. The companies are renegotiating financing, postponing a shareholder meeting and returning redeemed shares.
Rising costs have continued to plague the company, now facing soaring fuel costs due to the war with IranSign up for the Breaking News US email to get newsletter alerts in your inboxThe White House is finalizing a financing package to help ailing US budget carrier Spirit Airlines, which could receive as much as $500m in loans as rising costs continue to plague the company.News of the potential deal comes as Spirit and others struggle with soaring fuel costs due to the war with Iran. Continue reading...
The Trump administration is in advanced talks to provide $500 million in government financing to Spirit Airlines, which could give the government an equity stake in the carrier. The Florida-based discounter filed for Chapter 11 bankruptcy in August and faces liquidation risk, with 14,000 jobs at stake. The financing would put the government ahead of other stakeholders.
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier faces liquidation risk, according to people familiar with the matter. The Dania Beach, Florida-based discount carrier filed for its second Chapter 11 bankruptcy in less than a year in August 2024, struggling with rising costs, changing consumer tastes, an engine recall, and a court-blocked merger with JetBlue. President Trump indicated willingness to consider government aid, citing 14,000 jobs at stake, while the White House blamed the Biden administration for blocking the JetBlue merger.
