FlyExclusive Plans Public Stock Offering to Raise Capital
FlyExclusive, Inc., a leading private aviation operator, today announced it was commencing an underwritten public offering of its common stock. This offering is subject to market conditions and doesn’t guarantee its completion or the size or terms of the offering. Lucid Capital Markets is serving as the sole book-running manager for this offering. The company’s move is part of a previously filed offering registration statement with the Securities and Exchange Commission (SEC). This registration statement, filed on June 2, 2025, and officially declared effective by the SEC on June 30, 2025, provides the necessary legal framework for the potential offering. Interested parties can access the preliminary prospectus supplement and accompanying prospectus detailing the offering on the SEC’s website at www.sec.gov. These documents, when available, can also be obtained from Lucid Capital Markets, LLC, located at 570 Lexington Avenue, 40th Floor, New York, NY 10022.
Expanding Private Aviation Options
FlyExclusive, Inc. (NYSE American: FLYX) operates as a vertically integrated air carrier, providing private jet experiences through on-demand charter, Jet Club memberships, and fractional ownership programs. The company’s substantial presence in the private aviation sector is underscored by one of the largest Citation fleets in the United States. Furthermore, FlyExclusive offers comprehensive maintenance, repair, paint, interiors, and avionics services for both its own aircraft and those of third-party operators, all conducted at its central Kinston, North Carolina campus. This integrated approach demonstrates a commitment to delivering complete private jet solutions.
SEC Filing and Investor Access
The initiation of this public offering is supported by a formal registration statement filed with the SEC. This registration statement, designated as Form S-3 (File No. 333-287720), outlines the specifics of the offering to investors. The SEC’s approval and declaration of effectiveness on June 30, 2025, signify the legal basis for the capital raise. The availability of the preliminary prospectus supplement and accompanying prospectus is crucial for potential investors to assess the company’s financial health and the terms of the offering. These documents are accessible through the SEC’s website and can also be obtained directly from Lucid Capital Markets, LLC.
Risk Considerations
As with any capital raising activity, FlyExclusive acknowledges inherent risks that could impact the offering’s success and the company’s future performance. These risks include potential volatility in the company’s stock price, the ability to generate sufficient revenue, maintaining the company’s inclusion in the Russell Indices, effectively managing growth initiatives, potential delays in filing required reports with the SEC, ongoing compliance with NYSE American listing standards and maintaining its securities’ listing on a national exchange, the capacity to manage its debt obligations, and the possibility of dilution resulting from the offering. Additional risks encompass legal proceedings, fluctuations in aviation sector conditions, intensified competition, changes in regulatory environments, and broader economic and political uncertainties, including the impact of U.S. sanctions related to Venezuela.
Investor Contact Information
For investors interested in learning more about FlyExclusive and this capital raising effort, specific contact information is readily available. Jillian Wilson, Marketing Specialist, can be reached at [email protected]. Sloan Bohlen, from Solebury Strategic Communications, serves as the investor relations contact at [email protected]. Additionally, Brentton Jones, Senior Vice President, is the primary contact for private travel inquiries at [email protected].
Concluding Thoughts
FlyExclusive’s commencement of this underwritten public offering reflects its strategic approach to securing capital for future growth and operational endeavors within the dynamic private aviation industry. The company’s commitment to providing comprehensive private jet solutions, combined with ongoing engagement with investors facilitated through SEC filings and designated contacts, highlights its commitment to transparency and fostering relationships within the financial community.
