Mergers & Acquisitions ·
flyExclusive, Inc. closed the transactions under the Final Merger Agreement, merging SpinCo into a wholly owned…
FLYXFlyexclusive Inc.
flyExclusive, Inc. closed the transactions under the Final Merger Agreement, merging SpinCo into a wholly owned subsidiary of the Company. SpinCo shareholders were entitled to receive 3.6253 shares of flyExclusive, Inc. Class A common stock for each share of SpinCo Common Stock, resulting in an aggregate of 7,096,117 shares of Company Common Stock to be issued. The Company's net cash adjustment mechanism for SpinCo's indirect equity investment in Space Exploration Technologies Corporation was modified via Amendment No. 5. flyExclusive, Inc. operates in the private aviation industry and provides aircraft chartering services.