v3.25.1
Merger (Tables)
12 Months Ended
Dec. 31, 2024
Reverse Recapitalization [Abstract]  
Schedule of Reverse Recapitalization

The following table presents the total flyExclusive Common Stock outstanding immediately after the closing of the Merger:

 

 

 

Number of Shares

Exchange of EGA Class A Common stock subject to possible redemption for flyExclusive Class A common stock

 

 

1,306,922

Exchange of EGA Class A common stock not subject to possible redemption held by EGA Sponsor for flyExclusive Class A common stock

 

 

5,624,000

Exchange of EGA Class B common stock held by EGA Sponsor for flyExclusive Class A common stock

 

 

1,000

Exchange of EGA public warrants for flyExclusive Class A common stock

 

 

95,333

Subtotal - Merger, net of redemptions

 

 

7,027,255

flyExclusive Class B common stock held by LGM Existing Equityholders

 

 

59,930,000

Conversion of Bridge Notes held by affiliates of EGA Sponsor into shares of flyExclusive Class A common stock

 

 

8,326,712

Conversion of Bridge Notes held by non-affiliates into shares of flyExclusive Class A common stock

 

 

1,223,562

flyExclusive Class A common stock held by third party in accordance with execution of Non-Redemption Agreement

 

 

70,000

Total - flyExclusive Class A common stock and Class B common stock outstanding as a result of Merger

 

 

76,577,529