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What Happened to Flyexclusive?
Ticker: FLYXSPAC Year: 2021Merger: 2023
Return
-77.9%
Current Price
$2.21
Peak Price
$24.21
Trust Size
$440M
Summary
flyExclusive is a private jet operator providing on-demand charter flights, jet card programs, and fractional ownership, operating one of the largest fleets of light and midsize jets in the U.S.
What Happened
flyExclusive went public in December 2023 through a merger with EG Acquisition Corp. The company operates a fleet of Citation jets and offers various private aviation products. Despite strong demand for private aviation, flyExclusive has struggled with profitability and disclosed going concern warnings, with the stock falling significantly from its debut price.
Timeline
2021-05-11
S-1 Registration Filed
2023-11-13
Merger Proxy Filed (DEFM14A)