Flexjet going public with a $3.1 billion value after merger with SPAC Horizon Acquisition Corp. II

Flexjet to go public in $3.1 billion SPAC deal

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:

MarketWatch /  🏆 3. in US

Malaysia Latest News, 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...
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
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.
Read more »

Increased HIV Infection Linked to Pandemic-Related Access to PrEPChanges to HIV PrEP access during the COVID-19 pandemic were linked to higher rates of HIV infection among young sexual minority men and gender-diverse individuals who identified as Black and/or Hispanic/Latino, according to a national survey. MedTwitter
Read more »

Pokémon TCG Value Watch: Pokémon GO In October 2022PokemonTCG Value Watch: PokemonGO in October 2022 sees the Mewtwo V Alt Art drop to a new low due to high pull rates. Pokemon
Read more »