{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-036818","form_type":"8-K","ticker":"FLYX","cik":"0001843973","company_name":"FLYEXCLUSIVE INC.","filed_at":"2024-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.855521+00:00","generated_at":"2026-05-31T10:08:52.046977+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 closes $25M Series B preferred investment from EnTrust/EG Sponsor","bullets":["Issued 20,408 Series B preferred shares at $1,000 each and warrants for 4M common shares ($0.01 exercise) to EnTrust, netting $20.4M.","Remaining $5.1M expected from EG Sponsor by Aug 15 for 5,102 preferred shares and 1M warrant shares.","Preferred stock carries escalating annual dividend: 12% initially, 16% from Feb-2025, 20% from Aug-2025; cash dividends mandatory from Q1 2025.","Automatic conversion to common on Dec 31, 2025 or later capital raise at $5.00/share with price protection.","Proceeds planned for fleet upgrade and vertical integration; Q1 2024 results filed but no specific figures provided."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-036818","json":"https://secwatch.observer/filing/0001628280-24-036818.json","markdown":"https://secwatch.observer/filing/0001628280-24-036818.md","text":"https://secwatch.observer/filing/0001628280-24-036818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1843973/000162828024036818/0001628280-24-036818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1843973/000162828024036818/flyx-20240808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T10:08:52.046977+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}