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 has gone public by completing its merger with special purpose acquisition company (SPAC) EG Acquisition Corp., with its common stock beginning trade on the New York Stock Exchange on December 28.
The North Carolina-based private jet charter provider offers on-demand, Jet Club, and fractional services, and recently secured a $30 million investment from the state for a new pilot training center and headquarters.
FlyExclusive is recognized as the world's second-largest operator of Cessna Citations, having recently added its 100th jet and securing options for up to 30 more Citation CJ3+ jets.

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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.