Spirit Aviation Holdings, Inc. (FLYY) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
FLYY currently has 28.3M outstanding shares. with limited dilution risk as only 2.54M additional shares (9.0%) are authorized for issuance. The company has diluted shareholders by 14.54% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Mar 16, 2026 |
10-K filing | 28.3M shares outstanding |
28M | 2.5M |
| Nov 10, 2025 |
10-Q filing | 27.0M shares outstanding |
27M | 3.8M |
| Aug 11, 2025 |
10-Q filing | 25.9M shares outstanding |
26M | 5M |
| Jul 16, 2025 |
S-1 filing: This prospectus relates to the offer and sale, from time to time, by the selling stockholders of up to 6,283,197 shares of our common stock. |
26M | 5M |
| May 30, 2025 |
10-Q filing | 24.6M shares outstanding |
25M | 0 |
| Mar 03, 2025 |
10-K filing | 109.5M shares outstanding |
110M | 0 |
| Nov 25, 2024 |
10-Q filing | 109.5M shares outstanding |
110M | 0 |
| Aug 01, 2024 |
10-Q filing | 109.5M shares outstanding |
110M | 0 |
| May 06, 2024 |
10-Q filing | 109.4M shares outstanding |
110M | 0 |
| Feb 22, 2024 |
8-K filing: Spirit Airlines adjusted the exercise prices and warrant shares of its PSP1, PSP2, and PSP3 Warrants due to JetBlue's prepayment of merger consideration, and also adjusted the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026. |
110M | 0 |
| Feb 09, 2024 |
10-K filing | 109.2M shares outstanding |
110M | 0 |
| Jan 24, 2024 |
8-K filing: Spirit Airlines adjusted the exercise prices and warrant shares of its PSP1, PSP2, and PSP3 warrants due to JetBlue's upcoming cash payment to Spirit's stockholders, and also adjusted the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026. |
110M | 0 |
| Dec 21, 2023 |
8-K filing: Spirit Airlines adjusted the exercise prices and warrant shares of its warrants due to JetBlue's upcoming cash payment to Spirit's stockholders as a prepayment of merger consideration; the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026 were also adjusted. |
110M | 0 |
| Nov 22, 2023 |
8-K filing: Spirit Airlines adjusts the exercise prices and warrant shares of its PSP1, PSP2, and PSP3 warrants due to a prepayment of merger consideration by JetBlue. Adjustments were also made to the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026. |
110M | 0 |
| Oct 26, 2023 |
10-Q filing | 109.2M shares outstanding |
110M | 0 |
| Oct 24, 2023 |
8-K filing: Spirit Airlines announced adjustments to the exercise prices and warrant shares of its warrants with the United States Department of the Treasury due to JetBlue's prepayment of merger consideration, and adjustments to the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026. |
110M | 0 |
| Sep 22, 2023 |
8-K filing: Spirit Airlines announced adjustments to the exercise prices and warrant shares of its warrants with the United States Department of the Treasury and adjustments to the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026 due to an upcoming cash payment to Spirit's stockholders as a prepayment of merger consideration from JetBlue Airways Corporation. |
110M | 0 |
| Aug 24, 2023 |
8-K filing: Spirit Airlines announced adjustments to the exercise prices and warrant shares of its warrants with the United States Department of the Treasury and adjustments to the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026 due to JetBlue's prepayment of merger consideration. |
110M | 0 |
| Aug 03, 2023 |
10-Q filing | 109.2M shares outstanding |
110M | 0 |
| Jul 24, 2023 |
8-K filing: Spirit Airlines announced adjustments to the exercise prices and warrant shares of its warrants, and adjustments to the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026 due to JetBlue's prepayment of merger consideration. |
110M | 0 |
| Jun 23, 2023 |
8-K filing: Spirit Airlines adjusts warrant exercise prices and warrant shares for PSP1, PSP2, and PSP3 warrants, and conversion rates for 2025 and 2026 convertible notes, due to JetBlue's upcoming cash payment to Spirit stockholders. |
110M | 0 |
| May 23, 2023 |
8-K filing: Spirit Airlines adjusted the exercise prices and warrant shares of its PSP1, PSP2, and PSP3 warrants due to a cash payment by JetBlue to Spirit's stockholders. Additionally, the conversion rates of the 2025 and 2026 Convertible Senior Notes were adjusted. |
110M | 0 |
| Apr 26, 2023 |
10-Q filing | 109.1M shares outstanding |
110M | 0 |
| Apr 21, 2023 |
8-K filing: Spirit Airlines announced adjustments to the exercise prices and warrant shares of its warrants with the United States Department of the Treasury due to JetBlue's upcoming cash payment to Spirit's stockholders. Additionally, Spirit announced an adjustment to the conversion rates of its 4.75% Convertible Senior Notes due 2025 and 1.00% Convertible Senior Notes due 2026. |
110M | 0 |
| Mar 27, 2023 |
8-K filing: Spirit Airlines adjusted the exercise prices and warrant shares of its warrants and the conversion rates of its convertible senior notes due to a cash payment to stockholders as a prepayment of merger consideration from JetBlue. |
110M | 0 |
| Feb 21, 2023 |
8-K filing: Spirit Airlines, Inc. announced adjustments to the exercise prices and warrant shares of its warrants and the conversion rates of its convertible senior notes due to prepayment of merger consideration by JetBlue Airways Corporation. |
110M | 0 |
| Feb 06, 2023 |
10-K filing | 108.8M shares outstanding |
110M | 0 |
| Nov 10, 2022 |
8-K filing: Spirit Airlines, Inc. announced the pricing of a private offering of $600 million in principal amount of 8.00% senior secured notes due 2025 by its subsidiaries, Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd., with the offering expected to close on November 17, 2022. ($591.0M proceeds) |
110M | 0 |
| Oct 26, 2022 |
10-Q filing | 108.9M shares outstanding |
110M | 0 |
| Aug 09, 2022 |
10-Q filing | 108.7M shares outstanding |
110M | 0 |
| May 04, 2022 |
10-Q filing | 108.6M shares outstanding |
110M | 0 |
| Feb 08, 2022 |
10-K filing | 105.0M shares outstanding |
110M | 0 |
| Oct 27, 2021 |
10-Q filing | 108.4M shares outstanding |
110M | 0 |
| Jul 28, 2021 |
10-Q filing | 105.3M shares outstanding |
110M | 0 |
| Apr 21, 2021 |
10-Q filing | 97.8M shares outstanding |
98M | 0 |
| Feb 10, 2021 |
10-K filing | 97.8M shares outstanding |
98M | 0 |
| Oct 28, 2020 |
10-Q filing | 92.7M shares outstanding |
93M | 0 |
| Sep 17, 2020 |
8-K filing: Spirit Airlines, Inc. completed an at-the-market distribution (ATM program) of shares of its common stock, issuing an aggregate of 9,000,000 shares. Following completion of the ATM program, approximately 97.7 million Shares are issued and outstanding. |
98M | 0 |
| Jul 22, 2020 |
10-Q filing | 88.7M shares outstanding |
89M | 0 |
| May 06, 2020 |
10-Q filing | 68.5M shares outstanding |
69M | 0 |
| Apr 23, 2020 |
8-K filing: Spirit Airlines issued warrants to purchase 143,541 shares of common stock to the United States Department of the Treasury as part of the Payroll Support Program in exchange for $167.4 million, with the warrants having a strike price of $14.08 per share. ($167.4M proceeds) |
68M | 0 |
| Feb 05, 2020 |
10-K filing | 68.4M shares outstanding |
68M | 0 |