flyExclusive Announces $25 Million Equity Investment
The Company received approximately $25 million in cash proceeds in connection with the transaction, which closed on March 4, 2024 (the “Issue Date” or “Effective Date”).
- The Company received approximately $25 million in cash proceeds in connection with the transaction, which closed on March 4, 2024 (the “Issue Date” or “Effective Date”).
- “We’re thrilled to expand our relationship with EnTrust Global, a partner that recognizes the significant opportunity flyExclusive has to become the nation’s first vertically integrated private aviation company,” said Jim Segrave, Founder and CEO of flyExclusive.
- If voting is required by applicable law or otherwise, each holder of Series A Preferred Stock will be entitled to one vote per share.
- Beginning on the third anniversary of the issuance, 100% of the Share Count Cap may be purchased.