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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