From Dow Jones & Company:

FlyExclusive Inc.’s stock fell 43% as it began trading under symbol FLYX on the NYSE American exchange after its merger with EG Acquisition Corp. The $600 million deal was initially announced on Oct. 17, 2022. FlyExclusive’s market capitalization was $118 million at last check. The company offers fractional-ownership opportunities for various jets and has a fleet of nearly 100 aircraft. EG Acquisition Corp. was sponsored by EnTrust Global and GMF Capital and traded under symbol EGGF until Thursday.



Read more: FlyExclusive stock drops in debut after merger with blank-check company