FLYEXCLUSIVE INC. 8-K

What Happened

• flyExclusive, Inc. (FLYX) filed an 8-K on January 9, 2026 disclosing an underwriting agreement with Lucid Capital Markets, LLC. The company agreed to sell 2,255,639 shares of its Class A common stock at a public offering price of $6.65 per share (before underwriting discounts and commissions). The offering is expected to close on January 12, 2026.
• The company granted the underwriter a 45‑day over-allotment option to purchase up to an additional 222,833 shares at the same price. In connection with the underwriting, Board members and certain officers entered into 90‑day lock-up agreements.

Key Details

• Shares offered: 2,255,639 Class A common shares at $6.65 per share.
• Over-allotment option: up to 222,833 additional shares for 45 days.
• Expected net proceeds (excluding over-allotment): approximately $13.8 million after underwriting discounts, commissions and estimated offering expenses.
• Underwriter: Lucid Capital Markets, LLC; legal opinion on issuance attached from Wyrick Robbins Yates & Ponton LLP.

Why It Matters

• The offering will raise capital (about $13.8M net) that flyExclusive can use for operations, growth or balance sheet needs; the exact use of proceeds was not detailed in the 8-K.
• The over-allotment option and 90‑day lock-ups are standard market protections for the offering and could affect short-term share supply and insider selling. Investors should watch the closing (expected Jan 12, 2026) and any exercise of the over-allotment option for potential share count changes.