secwatch.observer — SEC 8-K summary
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Issuer:     FLYEXCLUSIVE INC. (FLYX)
CIK:        0001843973
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001193125-24-001570
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 5.02, 3.02, 9.01, 2.02, 3.01, 3.03, 4.01, 5.01, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

flyExclusive completes SPAC merger, begins trading on NYSE American as FLYX
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- EG Acquisition Corp. merged with flyExclusive; public stockholders own 2.2%, sponsor/existing holders 85.3% voting power.
- About 2.9M public shares redeemed for $31.9M at ~$10.91/share before closing.
- Post-merger securities: 16.9M Class A, 59.9M Class B shares, 5.8M public and 4.3M private warrants.
- Bridge Notes ($85M principal) converted into 9.55M Class A shares; $15.7M senior secured note at 14% due Dec 2024.
- LGM's unaudited financials for nine months ended Sep 30, 2023 are incorporated by reference.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843973/000119312524001570/0001193125-24-001570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843973/000119312524001570/d557329d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-001570

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