Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
FLYEXCLUSIVE INC.: Filed Series A Certificate of Designation (effective 2024-03-04).
- Change
- charter amendment
- Effective
- 2024-03-04
Exact text from the filing
On March 4, 2024, in connection with the Agreement, the Company filed the Series A Certificate of Designation with the Secretary of State of the State of Delaware.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FLYEXCLUSIVE INC. entered into Securities Purchase Agreement with EnTrust Emerald (Cayman) LP valued at approximately $25 million (effective 2024-03-04).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- EnTrust Emerald (Cayman) LP
- Value
- approximately $25 million
- Effective
- 2024-03-04
Exact text from the filing
On March 4, 2024 (the “Effective Date” or the “Initial Issue Date”), flyExclusive, Inc., a Delaware corporation (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with EnTrust Emerald (Cayman) LP, a Cayman Islands limited partnership (the “Purchaser”), pursuant to which the Company agreed to issue and sell to the Purchaser 25,000 shares of Series A Non-Convertible Redeemable Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), at a purchase price of $1,000 per share and a warrant (the “Warrant”) to purchase shares of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”). The transaction closed on the Effective Date and provides the Company approximately $25 million of capital.
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