July 18, 2024
The fifth-largest charter/fractional operator said it expects to cure the notice by filing its Q1 2024 financials in the next several weeks.
FlyExclusive announced today it had received a notice of non-compliance on May 21, 2024, from the New York Stock Exchange after it missed the deadline to file its 10-Q report covering its first quarter financials with the SEC.
It’s the same notice that the country’s fifth-largest fractional/charter private jet flight provider received after it was late on its 2023 Q4 earnings filings.
In a press release, FlyExclusive said, “The notice has no immediate effect on the listing of the company’s common stock on the NYSE.”
It has taken six months to file a Form 10-Q with the SEC.
If it fails to file Form 10-Q within those six months, the NYSE may provide an extension of up to six additional months to regain compliance.
FlyExclusive said, as it did with the previous notice, that it expects to regain compliance within the next several weeks, although it cannot provide assurances of this.
The North Carolina-based jet card and fractional went public via a SPAC merger at the end of 2023.
FlyX stock moved higher by $1.31 today, closing at $6.92.
The 52-week range has spread between $3.39 and $24.21.
The announcement was made after the market closed.
