---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-263437"
form_type: "8-K"
ticker: "FLYX"
cik: "0001843973"
company_name: "FLYEXCLUSIVE INC."
filed_at: "2022-10-17T23:59:59+00:00"
generated_at: "2026-06-23T03:24:19.125590+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-263437
- form_type: 8-K
- ticker: FLYX
- cik: 0001843973
- company_name: FLYEXCLUSIVE INC.
- filed_at: 2022-10-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843973/000119312522263437/0001193125-22-263437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843973/000119312522263437/d407231d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-263437
- JSON: https://secwatch.observer/filing/0001193125-22-263437.json
- Plain text: https://secwatch.observer/filing/0001193125-22-263437.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.