EG Acquisition Corp. to acquire flyExclusive at $600M equity value; up to $310M in proceeds

FLYEXCLUSIVE INC.

flyExclusive valued at $600M pre-transaction; owners retain ~60% at close assuming no redemptions.
Up to $310M in gross proceeds: $85M from committed convertible notes plus up to $225M SPAC trust cash.
flyExclusive projects 2022 revenue >$360M and Management EBITDA of $32M; 2023 revenue $522M, EBITDA $63.7M.
Combined company to trade on NYSE under flyExclusive brand; CEO Jim Segrave to lead.
Transaction expected to close in Q1 2023, subject to EGGF stockholder approval and customary conditions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.