November 20, 2024
The delayed IPO via SPAC merger for FlyExclusive has received approval from the New York Stock Exchange to move forward.
After a delay last week, it now appears FlyExclusive will begin trading publicly on the New York Stock Exchange when the market opens tomorrow.
A letter from the NYSE issued to EG Acquisition Corp. this morning states:
The NYSE American certifies its approval for listing and registration of the following securities of EG ACQUISITION CORP. (to be renamed “flyExclusive, Inc.”), under the Exchange Act of 1934:
▪ Class A Common Stock
▪ Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
In a separate filing, EG Acquisition wrote, “The transfer of listing is to occur on or about December 28, 2023.”
According to EG, the delay was due to “ongoing dialogue with the New York Stock Exchange regarding the fulfillment of all applicable listing requirements of the NYSE American LLC.”
The reason for the delay was not specified.
In a press release issued later in the day, FlyExclusive Founder and CEO Jim Segrave said, “Today marks another milestone in our company’s mission to elevate the private aviation experience.”
He added, “We built FlyExclusive around the value that minutes matter for our customers, and this principle will continue to guide the disciplined approach that has defined our success in the industry.”
FlyExclusive will be the largest private jet flight provider IPO in 2″23.
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.
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