flyExclusive Inc. has filed for a mixed shelf registration of up to $250 million with the SEC. This filing provides the company with the flexibility to offer various types of securities in the future.
The planned S3 Shelf registration is intended to access additional funds for aircraft acquisitions, enhance liquidity, and reduce leverage. It also aims to address warrant overhang, supporting the company's capital strategy.
This financing option is a proactive step to support flyExclusive's growth plans and improve its balance sheet. It allows the company to strategically manage its capital needs for at least the next 12 months, alongside existing cash and operating cash flows.
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