Subscription-based private aviation company Flexjet Inc. said Tuesday it will go public through a merger with special purpose acquisition company Horizon Acquisition Corp. II HZON, in a deal that values Flexjet at $3.1 billion. After the deal closes, which is expected to occur in the second quarter of 2023, Flexjet expects to be listed on the New York Stock Exchange under the ticker symbol “FXJ.
” The companies said the deal is backstopped with a common equity capital commitment of up to $300 million from Eldridge Industries and Horizon’s sponsor. “Having capital and currency will position us to expand market share at an accelerated pace in an opportunistic environment,” said Flexjet Chairman Kenneth Ricci. “We will parlay our existing profitability and use that as a launch pad to accelerate our growth into the next chapter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SPAC Turmeric Acquisition to redeem its public shares after failing to find a business to acquire in timeTurmeric Acquisition Corp. said Monday it will redeem its public shares, after the special purpose acquisition corporation, or SPAC, failed to find a...
Source: MarketWatch - 🏆 3. / 97 Read more »
SPAC Again Delays Shareholder Vote on Merger With Trump’s Social-Media PlatformThe special-purpose acquisition company trying to take public former President Donald Trump’s social-media platform pushed back the deadline for its shareholders to vote on giving the company more time to close its deal Be AFRAID….. VERY AFRAID…. Most Trump things turn to Shit….
Source: WSJ - 🏆 98. / 63 Read more »
Trump social media SPAC adjourns meeting over merger extension vote againThe SPAC taking Trump Media & Technology Group public once again adjourned its special shareholder meeting to announce voting results about a deal extension. The stock price is plunging. No hope. Isn’t Trump TruthSocial banned from platform et cetera?⁉️ Did you read this ?⁉️🤔FoxNews newsmax BreitbartNews RealAmVoice RepMTG GOP EpochTimes
Source: FoxBusiness - 🏆 458. / 53 Read more »