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flyExclusive to Become Publicly Traded via Business Combination Agreement with EG Acquisition Corp.

Vinson & Elkins advised EnTrust Global (“EnTrust”), as initial noteholder, in connection with the $85 million convertible notes facility provided to flyExclusive, a leading provider of premium private jet charter experiences, concurrently with EG Acquisition Corp., a Special Purpose Acquisition Company (SPAC) sponsored by EnTrust and GMF Capital, entering into a definitive business combination agreement with flyExclusive.

Under the terms of the business combination agreement, flyExclusive and EG Acquisition Corp. will combine into a new company that is expected to be listed on the New York Stock Exchange and will adopt flyExclusive as the corporate operating brand.

The V&E team was led by partners Ron Nardini, Mike Bielby and Sarah Morgan. Other key team members included associates Natalie Harrison and Jalee Blackwell; senior associate Stancell Haigwood and associates Nick Gonzalez, Lindsay Moore, Jessica Rosenwasser and Alice Zhang; and associate Mel Byun.

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For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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