---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-264519"
form_type: "8-K"
ticker: "FLYX"
cik: "0001843973"
company_name: "FLYEXCLUSIVE INC."
filed_at: "2022-10-18T23:59:59+00:00"
generated_at: "2026-06-23T03:05:18.507478+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EG Acquisition Corp. to combine with LGM Enterprises via Up-C; $85M bridge notes issued

## Summary
- Equity Purchase Agreement signed Oct 17, 2022; EG to contribute trust cash plus up to $85M bridge notes to LGM.
- Bridge notes of $50M initial tranche at 10% interest, up to $85M total, convertible to PubCo Class A at $10/share.
- Existing equityholders may sell up to $20M of units back at $10 if closing cash exceeds $185M.
- PubCo will adopt an Up-C structure; name changes to flyExclusive, Inc.; Tax Receivable Agreement covers 85% of tax savings.
- Closing conditions include stockholder approval, HSR clearance, $5M+ tangible net assets, and NYSE listing.

## SEC filing metadata
- accession: 0001193125-22-264519
- form_type: 8-K
- ticker: FLYX
- cik: 0001843973
- company_name: FLYEXCLUSIVE INC.
- filed_at: 2022-10-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843973/000119312522264519/0001193125-22-264519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843973/000119312522264519/d308193d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-264519
- JSON: https://secwatch.observer/filing/0001193125-22-264519.json
- Plain text: https://secwatch.observer/filing/0001193125-22-264519.txt

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