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EG Acquisition Corp. - EGGF STOCK NEWS

Welcome to our dedicated page for EG Acquisition news (Ticker: EGGF), a resource for investors and traders seeking the latest updates and insights on EG Acquisition stock.

EG Acquisition Corp. (EGGF) provides investors with essential updates on this active special purpose acquisition company. This page serves as the definitive source for tracking EGGF's merger progress, regulatory filings, and strategic developments in target sectors like technology and healthcare.

Access timely updates on potential business combinations, SEC disclosures, and leadership initiatives. Our curated news collection simplifies tracking this SPAC's journey from target identification through post-merger integration.

Find verified information on merger announcements, investor communications, and operational milestones. The resource emphasizes EGGF's rigorous due diligence process and management team's expertise in identifying growth-oriented businesses.

Bookmark this page for convenient access to all official EGGF updates in one centralized location. Check back regularly for new developments as the company progresses toward completing its strategic business combination.

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flyExclusive, Inc. (FLYX) to Begin Trading on NYSE American on December 28, 2023
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EG Acquisition Corp. (EGGF) continues to have ongoing dialogue with the NYSE regarding the fulfillment of all applicable listing requirements for its proposed business combination with LGM Enterprises, LLC (dba flyExclusive), a leading provider of premium private jet charter experiences.
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EG Acquisition Corp. (EGGF) announced that its stockholders voted in favor of the proposed business combination with LGM Enterprises, LLC (dba flyExclusive), a leading provider of premium private jet charter experiences. The Business Combination was supported by 97% of the shares that voted, representing approximately 90% of the outstanding shares of EG's common stock. The Transfer of its Class A common stock and public warrants from the NYSE to the NYSE American has been delayed pending ongoing review by the NYSE American.
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EG Acquisition Corp. (EGGF) plans to transfer its listing from NYSE to NYSE American upon the consummation of its business combination with flyExclusive, a leading provider of premium private jet charter experiences.
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EG Acquisition Corp. (NYSE: EGGF) has postponed its special meeting to extend the deadline for consummating an initial business combination. The meeting will now take place on May 19, 2023, instead of May 12, 2023. The company filed a proxy supplement to provide additional information, including the disclosure that its sponsor has agreed to loan the company up to $160,000 during the extension period.
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EG Acquisition Corp. (EGGF), a SPAC sponsored by EnTrust Global and GMF Capital, has filed a preliminary proxy statement with the SEC for its business combination with flyExclusive. The transaction values flyExclusive at a pre-transaction equity value of $600 million and is expected to provide up to $310 million in proceeds. EGGF founders Gary Fegel and Gregg Hymowitz will stay invested for the long-term and serve on flyExclusive's board of directors. The transaction is expected to be completed in Q3 2023.
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flyExclusive has announced a business combination with EG Acquisition Corp. (NYSE: EGGF), aiming for a public listing. flyExclusive, a top private jet operator, has shown significant growth, projecting 2022 revenue over $360 million and 2023 revenue of $522 million. The transaction values flyExclusive at $600 million and is expected to deliver up to $310 million in funds, including $85 million in convertible notes for fleet expansion. The deal aims to position flyExclusive as the first fully vertically integrated private aviation company.

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EG Acquisition Corp.

NYSE:EGGF

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118.08M
7.60M
44.42%
0.1%
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