EG Acquisition Corp. Announces Intention To Transfer Listing From The New York Stock Exchange And Planned Listing By flyExclusive On NYSE American Upon Consummation Of Its Pending Business Combination Under The Symbol "FLYX"
Portfolio Pulse from Benzinga Newsdesk
EG Acquisition Corp. (EGGF) plans to transfer its listing from the NYSE to NYSE American and list flyExclusive under the symbol 'FLYX' upon completion of their business combination. The transfer is contingent on meeting all closing conditions and NYSE American's authorization. EGGF and its warrants will trade under 'EGGF' and 'EGGFW' on the NYSE until the combination is finalized, after which they will trade on NYSE American as 'FLYX' and 'FLYXW'.
December 16, 2023 | 11:49 pm
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EGGF plans to transfer its listing to NYSE American and list flyExclusive under 'FLYX' after their business combination. The stock and warrants will trade under 'EGGF' and 'EGGFW' until the deal is completed.
The announcement of a planned listing transfer and the upcoming trade under new symbols 'FLYX' and 'FLYXW' could generate investor interest and potentially increase the stock's visibility, which might lead to a positive short-term impact on EGGF's stock price. The confidence in this analysis is high due to the clear plan and steps outlined in the announcement, although the actual impact will depend on the successful completion of the business combination and satisfaction of listing requirements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100