flyExclusive (FLYX) Registration Filing summary

Company overview and business model

• Operates as a vertically integrated private aviation company, offering jet charter, jet club memberships, fractional ownership, and MRO services, with a focus on quality, convenience, and safety.

• Grew from two jets in 2015 to over 100 owned and leased aircraft, becoming the fifth largest private jet operator in the U.S. by 2024 flight hours.

• Maintains a modernized fleet with a focus on a limited number of manufacturers, enabling operational efficiency and high dispatch availability.

• Offers multi-tiered jet club memberships, a fractional ownership program, and third-party MRO services, with most operations centralized in Kinston, NC.

• Strategic initiatives include expanding in-house maintenance, pilot training, and asset-light growth through fractional programs and aircraft acquisitions.

Financial performance and metrics

• As of May 30, 2025, Class A Common Stock closed at $3.05 per share and public warrants at $0.08.

• The company is an emerging growth company and a smaller reporting company under SEC definitions.

Use of proceeds and capital allocation

• Proceeds from securities sales will be used for general corporate purposes and working capital, with specifics to be detailed in future prospectus supplements.

• Pending use, proceeds may be invested in short-term, investment-grade, interest-bearing securities.