Sports Ventures Acquisition Equity Warrant Exp 06 Jan 2028 *W EXP 01/06/2028
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AKICW Sports Ventures Acquisition Equity Warrant Exp 06 Jan 2028 *W EXP 01/06/2028
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Company profile

Sports Ventures Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination. The Company may pursue acquisitions in any sector or industry. The Company intends to search for opportunities in the sports, media and entertainment sectors, including traditional and emerging sports as well as film and television production and infrastructure.

Day's Change
-0.0072 (-9.38%)
B/A Size
Day's High
Day's Low

Today's volume of 100 shares is on pace to be much lighter than AKICW's 10-day average volume of 23,424 shares.


Spirit Airlines urges shareholders to reject JetBlue's $30-a-share cash tender offer

6:56 am ET May 19, 2022 (MarketWatch)

Spirit Airlines Inc. (SAVE) said Thursday its board has unanimously determined that JetBlue Airways Corp.'s (JBLU) $30-a-share cash offer is not in the best interest of the airline and its shareholders and is urging the latter to reject the tender launched by JetBlue earlier this week. "In its comprehensive analysis, the Board determined that the JetBlue transaction faces substantial regulatory hurdles, especially while the Northeast Alliance ("NEA") with American Airlines (AAL) remains in effect, and is, as a result, not reasonably capable of being consummated and is not superior to Spirit's agreed merger transaction with Frontier (ULCC)." Spirit had already reiterated earlier in May its support for the merger deal with Frontier Group Holdings Inc., that it had agreed before JetBlue swept in with an offer. The airline said it does not believe that a deal with JetBlue would be approved by the regulator. Spirit shares were down 1.7% premarket, JetBlue was down 0.3% and Frontier was down 3.6%. The U.S. Global Jets ETF (JETS) has fallen 7% in the year to date, while the S&P 500 has fallen 17.7%.

-Ciara Linnane


(END) Dow Jones Newswires

May 19, 2022 06:56 ET (10:56 GMT)

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