This just dropped.

Today the Spirit owners filed with the SEC to sell 6.3M shares of the company. If the shares sell at the current market share price, it will net them about $30M. This equates to about 1/4 of the value of the company right now. Current market cap of FLYY is about $120M.

None of the shares are being sold to generate liquidity (per the use of funds paragraph).

Here is a link to the SEC filing: https://www.sec.gov/Archives/edgar/d...d614592ds1.htm