FlyExclusive Finalizes SPAC Merger

The acquisition has been in the works since 2022.

Kate O'Connor

Friday, December 29, 2023 at 03:44 PM ET

Verified

FlyExclusive’s common stock began trading on December 28. [Courtesy: flyExclusive]

Key Takeaways:

FlyExclusive completed its merger with special purpose acquisition company (SPAC) EG Acquisition Corp. and is now publicly traded, with its common stock beginning to trade on the NYSE on December 28.
The private jet charter provider has significantly grown its fleet, recently adding its 100th jet and becoming the second-largest operator of Cessna Citations in the world.
FlyExclusive secured a $30 million investment from North Carolina to build a new pilot training center and headquarters, indicating plans for continued expansion and development.

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FlyExclusive has completed a merger with special purpose acquisition company (SPAC) EG Acquisition Corp., allowing the private jet charter provider to go public.

Plans for the transaction were first announced in October 2022. The merger was officially approved by EG Acquisition Corp.’s stockholders at a special meeting held last week. flyExclusive’s common stock began trading on the New York Stock Exchange on December 28.