EG Acquisition Secures Stockholder Approval For LGM Enterprises (flyExclusive) Merger; NYSE Transfer Delayed
EG Acquisition Corp. (day announced that at a special meeting of EG stockholders (the "Special Meeting") held yesterday, EG's stockholders voted in favor of the proposed business combination (the "Business Combination") with LGM Enterprises, LLC (dba flyExclusive) ("flyExclusive" or "LGM"), a leading provider of premium private jet charter experiences, and the related proposals. Approximately 97% of the shares that voted on the Business Combination voted in favor of it, representing approximately 90% of the outstanding shares of EG's common stock. EG also announced that its intention to transfer (the "Transfer") the listing of its Class A common stock and public warrants from the New York Stock Exchange (the "NYSE") to the NYSE American LLC (the "NYSE American") in connection with the Business Combination has been delayed, subject to ongoing review by the NYSE American of its listing application. The Company had previously announced that the Transfer would occur on or about December 20, 2023, subject to the satisfaction or waiver, as applicable, of all closing conditions in connection with the Business Combination (including the fulfillment of all applicable NYSE American listing requirements) and the authorization from NYSE to list the shares of flyExclusive (the post-combination company) on the NYSE American, in connection the Business Combination.