flyExclusive Reveals $25M Preferred Equity Investment
Portfolio Pulse from Benzinga Newsdesk
flyExclusive has announced a $25 million preferred equity investment through a securities purchase agreement with EnTrust Global and EG Sponsor LLC. The investment involves the purchase of 25,510 shares of Series B Convertible Preferred Stock at $1,000 per share.
August 12, 2024 | 9:24 pm
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flyExclusive has secured a $25 million investment through the sale of Series B Convertible Preferred Stock to EnTrust Global and EG Sponsor LLC. This capital infusion is likely to support the company's growth and operational initiatives.
The $25 million investment will provide flyExclusive with significant capital, likely aiding in expansion and operational improvements. This positive financial development is expected to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100