---
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"
generated_at: "2026-05-31T10:08:52.046977+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# flyExclusive closes $25M Series B preferred investment from EnTrust/EG Sponsor

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1843973/000162828024036818/0001628280-24-036818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843973/000162828024036818/flyx-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-036818
- JSON: https://secwatch.observer/filing/0001628280-24-036818.json
- Plain text: https://secwatch.observer/filing/0001628280-24-036818.txt

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