flyExclusive (NASDAQ: FLYX) pulls amendment adding 4.1M resale shares
Rhea-AI Filing Summary
flyExclusive, Inc. has asked the SEC to withdraw Amendment No. 3 to its registration statement that would have increased the number of Class A common shares registered for resale. The original registration statement covers 10,102,000 shares of Class A common stock for resale, and the withdrawn amendment had sought to add 4,113,500 additional shares. The company states it is withdrawing the amendment because including these additional shares is non-compliant with Rule 413 and confirms that none of the additional shares have been or will be resold under the existing registration. flyExclusive plans to file a new amendment that excludes the additional shares and requests that filing fees for the withdrawn amendment be credited toward future registrations under Rule 457(p).
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FAQ
What action did flyExclusive (FLYX) take in this SEC request?
flyExclusive, Inc. requested that the SEC consent to the withdrawal of Amendment No. 3 to its registration statement, which had been filed to modify an existing resale registration of its Class A common stock.
How many flyExclusive (FLYX) shares were originally registered for resale?
The registration statement initially filed by flyExclusive registered for resale an aggregate of 10,102,000 shares of the company’s Class A common stock.
How many additional flyExclusive (FLYX) shares were in the withdrawn amendment?
The withdrawn Amendment No. 3 would have increased the registered amount by an additional 4,113,500 shares of Class A common stock, referred to as the “Additional Shares.”
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, and cites this as the reason for requesting withdrawal.
Have any of the additional flyExclusive (FLYX) shares been resold?
The company states that none of the 4,113,500 Additional Shares have been or will be resold under the existing registration statement or the prospectus contained in it.
What does flyExclusive (FLYX) plan to do after withdrawing the amendment?
flyExclusive intends to file a new Amendment No. 3 to its registration statement that does not include the 4,113,500 Additional Shares.
What happens to the SEC filing fees for the withdrawn flyExclusive (FLYX) amendment?
The company acknowledges that no refund will be made but requests under Rule 457(p) that all fees paid for the withdrawn amendment be credited to its account to offset filing fees for future registration statements.
