North Carolina will soon have a new 9-figure public company, and it's in Kinston. FlyExclusive, a private jet operator, announced Monday plans to go public through a merger with a special purpose acquisition company, or SPAC, named EG Acquisition Corp. (NYSE: EGGF). The deal, expected to close in early 2023, values the combined company at $600 million.
A private charter service based in Kinston is going public at a valuation of $600 million. FlyExclusive and EG Acquisition Corp. (NYSE: EGGF) announced Monday they have entered an agreement that will take flyExclusive to the public markets. EG Acquisition is a special purpose acquisition company, or SPAC, a method of going public that has diminished in popularity this year amid rocky markets.
flyExclusive, a leading provider of premium private jet charter experiences, and EG Acquisition Corp. (NYSE: EGGF), a Special Purpose Acquisition Company (SPAC) sponsored by EnTrust Global and GMF Capital, announced today that they have entered into a definitive business combination agreement.