flyExclusive (FLYX) withdraws amendment adding 4,113,500 resale shares
Rhea-AI Filing Summary
flyExclusive, Inc. is asking the SEC to withdraw Post-Effective Amendment No. 3 to its resale registration statement, which originally registered 10,102,000 shares of Class A common stock for resale. The withdrawn amendment would have increased this by 4,113,500 additional shares, but the company states that including these additional shares is not compliant with Rule 413. flyExclusive explains that none of the additional shares have been or will be resold under the existing registration and plans to file a new Amendment No. 3 that excludes them. The company also asks that the fees already paid for the withdrawn amendment be credited toward future registration statements under Rule 457(p).
Positive
- None.
Negative
- None.
FAQ
What action did flyExclusive (FLYX) take in this SEC filing?
flyExclusive, Inc. requested that the SEC consent to the withdrawal of Post-Effective Amendment No. 3 to its Registration Statement on Form S-1 on Form S-3 for resale of its Class A common stock.
How many flyExclusive (FLYX) shares were originally registered for resale?
The Registration Statement initially registered for resale an aggregate of 10,102,000 shares of flyExclusive’s Class A common stock.
How many additional flyExclusive (FLYX) shares were included in the withdrawn amendment?
The withdrawn Amendment No. 3 would have added 4,113,500 additional shares of Class A common stock for resale.
Why is flyExclusive (FLYX) withdrawing Amendment No. 3?
flyExclusive states that the inclusion of the 4,113,500 additional shares is non-compliant with Rule 413 under the Securities Act, so it is applying to withdraw the amendment.
Have any of the additional flyExclusive (FLYX) shares been resold under the registration?
The company states that none of the additional 4,113,500 shares have been or will be resold under the Registration Statement or the related prospectus.
What are flyExclusive’s (FLYX) plans after withdrawing the amendment?
flyExclusive intends to file a new Amendment No. 3 that does not include the 4,113,500 additional shares.
What does flyExclusive (FLYX) request regarding SEC filing fees?
The company acknowledges no refund will be made but requests under Rule 457(p) that fees paid for the withdrawn amendment be credited to offset fees for future registration statements.
