{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-009716","form_type":"8-K","ticker":"FLYX","cik":"0001843973","company_name":"FLYEXCLUSIVE INC.","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.937856+00:00","generated_at":"2026-06-05T01:54:22.295050+00:00","sec_items":["1.01","3.02","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"flyExclusive raises $25M via Series A Preferred and warrant from EnTrust Global","bullets":["Issued 25,000 shares of Series A Non-Convertible Redeemable Preferred at $1,000/sh for $25M cash.","Dividend rate escalates annually: 10% (yr1), 12% (yr2), 14% (yr3), 16% (yr4+); cash payment required after yr3.","Company may redeem preferred after yr1; holders may require redemption after yr5.","Warrant issued for 1.5% of fully diluted common at $0.01/sh, exercisable from yr2, expires yr5, capped at $11.25M value.","Proceeds to fund working capital and aircraft acquisition; related-party transaction approved by disinterested directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-009716","json":"https://secwatch.observer/filing/0001628280-24-009716.json","markdown":"https://secwatch.observer/filing/0001628280-24-009716.md","text":"https://secwatch.observer/filing/0001628280-24-009716.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1843973/000162828024009716/0001628280-24-009716-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1843973/000162828024009716/flyx-20240304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:54:22.295050+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b8afc5e502988215f10c38a414b8e2ed85b40487","claim":"FLYEXCLUSIVE INC.: Filed Series A Certificate of Designation (effective 2024-03-04).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1843973/000162828024009716/0001628280-24-009716-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-03-04"}],"fact_type":"governance_change"},{"claim_id":"7e4834f12cfc1ee36f6200afb505f3e6de8faea8","claim":"FLYEXCLUSIVE INC. entered into Securities Purchase Agreement with EnTrust Emerald (Cayman) LP valued at approximately $25 million (effective 2024-03-04).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1843973/000162828024009716/0001628280-24-009716-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"EnTrust Emerald (Cayman) LP"},{"label":"Value","value":"approximately $25 million"},{"label":"Effective","value":"2024-03-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}