---
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"
generated_at: "2026-06-05T01:54:22.295050+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# flyExclusive raises $25M via Series A Preferred and warrant from EnTrust Global

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-009716
- JSON: https://secwatch.observer/filing/0001628280-24-009716.json
- Plain text: https://secwatch.observer/filing/0001628280-24-009716.txt

## Key facts
- Governance Changes
  FLYEXCLUSIVE INC.: Filed Series A Certificate of Designation (effective 2024-03-04).
  - Change: charter amendment
  - Effective: 2024-03-04
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1843973/000162828024009716/0001628280-24-009716-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1843973/000162828024009716/0001628280-24-009716-index.htm

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