FlyExclusive’s IPO via SPAC merger with EG Acquisition is now expected to take place next week, according to an announcement earlier tonight.
EG Acquisition Corp. said it anticipates completing its SPAC merger with LGM Enterprises, LLC, which trades as FlyExclusive, next week.
FlyExclusive is the fifth-largest U.S. private jet operator measured by fractional/charter flight hours.
In an announcement earlier this evening, EG Acquisition said, “[It] continues to have ongoing dialogue with the New York Stock Exchange regarding the fulfillment of all applicable listing requirements of the NYSE American LLC.”
According to EG Acquisition:
Subject to the satisfaction or waiver, as applicable, of all closing conditions in connection with the Business Combination (including the fulfillment of all applicable NYSE American listing requirements) and the authorization from NYSE to list the shares of flyExclusive (the post-combination company) on the NYSE American, and subject to and upon the consummation of the Business Combination, on or about December 27, 2023, the Company intends to transfer the listing of its Class A common stock and public warrants from the NYSE to the NYSE American.
The Company’s Class A common stock and public warrants will continue to trade on the NYSE under the symbols EGGF and EGGFW, respectively, until and subject to the consummation of the Business Combination.
Following and subject to the consummation of the Business Combination, flyExclusive’s Class A common stock and public warrants would trade on the NYSE American under the symbols FLYX and FLYXW, respectively.
The deal was expected to close this week.
So far this year, Jet.AI, Surf Air, and Volato have all become publicly traded.
Set Jet is also expected to complete its SPAC-merger IPO before the end of the year.
