flyExclusive (FLYX) and the resale by the selling stockholders filed to sell (i) up to an aggregate of 5.1M shares of Class A Common Stock of the company, issuable upon the conversion of the outstanding shares of Series B Convertible Preferred Stock, and (ii) up to an aggregate of 5M shares of Class A Common Stock issuable upon the exercise of Series B warrants that the company issued in August 2024. The company will receive the proceeds from any exercise of the August 2024 warrants for cash, but not from the resale by the selling stockholders of the shares of Class A Common Stock underlying the August 2024 warrants.
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