flyExclusive Announces $25 Million Preferred Equity Investment; Reports First Quarter 2024 Financial Results
flyExclusive, Inc. (FLYX)
Company Research
Source: Business Wire
KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced a $25 million preferred equity investment and first quarter 2024 results.Preferred Equity InvestmentThe Company has entered into a securities purchase agreement dated August 8, 2024 with an investment vehicle managed by EnTrust Global (“the Initial Investor”) and EG Sponsor LLC (“EG Sponsor” and, together with the Initial Investor, the “Investors”) pursuant to which the Investors agreed to purchase 25,510 shares of Series B Convertible Preferred Stock, par value of $0.0001 per share, at a purchase price of $1,000 per share.“This equity investment represents a significant milestone in our strategic plan to upgrade and increase the size of our fleet,” said Jim Segrave, Founder and CEO of flyExclusive. “The Investors have been exceptional partners and their commitment to flyExclusive will allo
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FLYX
News
- flyExclusive Announces Key Addition, Further Strengthening Leadership TeamBusiness Wire
- flyExclusive Enters Exclusive Agreement to Provide Aircraft Management Services to Volato Group Inc.Business Wire
- flyExclusive Reports Second Quarter 2024 Financial ResultsBusiness Wire
- flyExclusive to Report Second Quarter 2024 Results After Market TodayBusiness Wire
FLYX
Sec Filings
- 10/28/24 - Form S-1
- 10/23/24 - Form ARS
- 10/23/24 - Form DEFA14A
- FLYX's page on the SEC website