FLYEXCLUSIVE INC. Files S-1/A Amendment

TL;DR

FLYEXCLUSIVE INC. (formerly EG Acquisition Corp.) filed an S-1/A on 8/27/24. Check financials.

AI Summary

FLYEXCLUSIVE INC. filed an S-1/A amendment on August 27, 2024, detailing its business operations in air transportation. The company, formerly known as EG Acquisition Corp. until February 2, 2021, is incorporated in Delaware and headquartered at 375 Park Avenue, New York. This filing provides updated information regarding its financial status and corporate structure.

Why It Matters

This S-1/A filing provides crucial updates for investors and stakeholders regarding FLYEXCLUSIVE INC.'s financial health and operational disclosures, impacting potential investment decisions.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it represents a company in the process of going public or making significant disclosures, which inherently carries higher risk than established public companies.

Key Numbers

• 2024-01-01 to 2024-06-30 — Reporting Period (Interim financial data)
• 2023-12-31 — Fiscal Year End (Previous year-end financial data)
• 2022-12-31 — Fiscal Year End (Prior year-end financial data)

Key Players & Entities

• FLYEXCLUSIVE INC. (company) — Filer
• EG Acquisition Corp. (company) — Former Company Name
• 20210202 (date) — Date of Name Change
• 375 PARK AVENUE, 24TH FLOOR (address) — Business and Mail Address
• 212 888 1040 (phone) — Business Phone Number
• 20240827 (date) — Filing Date

FAQ

Key Financial Figures

• $0.0001 — 519,869 Class A Common Stock, par value $0.0001 per share (the "Class A Common Stock"),
• $11.50 — aded warrants with an exercise price of $11.50 per share, and (b) the resale by the se
• $0.004 — overed by this prospectus at a price of $0.004 per share. The Selling Stockholders who
• $1.50 — those warrants for a purchase price of $1.50 per warrant, and if and when they pay t
• $11 — and when they pay the exercise price of $11.50, would have a combined basis in the
• $13.00 — in the Class A Common Stock issuable of $13.00. Segrave Jr. acquired LGM Common Units
• $0.00002 — LGM Common Units at a per Unit price of $0.00002. BTIG, LLC and I-Bankers Securities, In
• $10.00 — to public shareholders in EGA's IPO was $10.00 per unit, which consisted of one share
• $3.969 — .004 per share) at a price per share of $3.969 per share (the closing price of the Cla
• $3,965,000 — 5, 2024) will earn a realized profit of $3,965,000, while a public stockholder who sells t
• $6,031,000 — re in EGA's IPO) will realize a loss of $6,031,000. Segrave Jr. and the Sponsor are subje
• $3.97 — of our Class A Common Stock, which was $3.97 per share at the closing on August 15,
• $0.55 — ant of our publicly traded warrants was $0.55. Investing in our Securities involves

Filing Documents

• flyx-20240827.htm (S-1/A) — 4319KB
• exhibit231-sx1a2.htm (EX-23.1) — 3KB
• flyx-20240827_g1.jpg (GRAPHIC) — 40KB
• 0001628280-24-038550.txt ( ) — 25116KB
• flyx-20240827.xsd (EX-101.SCH) — 173KB
• flyx-20240827_cal.xml (EX-101.CAL) — 182KB
• flyx-20240827_def.xml (EX-101.DEF) — 1234KB
• flyx-20240827_lab.xml (EX-101.LAB) — 1179KB
• flyx-20240827_pre.xml (EX-101.PRE) — 1622KB
• flyx-20240827_htm.xml (XML) — 3137KB

USE OF PROCEEDS

USE OF PROCEEDS 32 MARKET PRICE OF OUR CLASS A COMMON STOCK AND DIVIDENDS 33 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION 34

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41

BUSINESS

BUSINESS 67 MANAGEMENT 76 EXECUTIVE AND DIRECTOR COMPENSATION 80

DESCRIPTION OF CAPITAL STOCK AND SECURITIES OFFERED

DESCRIPTION OF CAPITAL STOCK AND SECURITIES OFFERED 84 BENEFICIAL OWNERSHIP OF SECURITIES 95 SELLING STOCKHOLDERS 98 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 100 PLAN OF DISTRIBUTION 108 LEGAL MATTERS 111 EXPERTS 111 WHERE YOU CAN FIND ADDITIONAL INFORMATION 111 INDEX TO FINANCIAL STATEMENTS F- 1 i Table of Contents You should rely only on the information contained in this prospectus. No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date. TRADEMARKS This document contains references to trademarks and service marks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this prospectus may appear without the or symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. We do not intend our use or display of other companies' trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other companies. ii Table of Contents CERTAIN DEFINED TERMS Unless the context otherwise requires, the following references in this prospectus mean: "A&R Registration Rights Agreement" refers to the Amended and Restated Registration Rights Agreement by and between the Existing Holders and the New Holders. "Bridge Note Lenders" refers to the lender parties to the Bridge Notes. "Bridge Notes" refers to the senior subordinated convertible note, dated October 17, 2022, and Incremental Amendment, dated October 28, 2022, by and among LGM and the Bridge Note Lenders. "BTIG" refers to BTIG, LLC, EGA's financial advisor with respect to the Business Combi

View Full Filing

View this S-1/A filing on SEC EDGAR