EG Acquisition Corp. (NYSE:EGGF) announced this morning that it is pushing its extension vote from today to 12 pm ET May 19 to give it more time to engage with shareholders.
Shareholders at the rescheduled special meeting will consider a proposal to allow the SPAC to extend its transaction deadline from May 28 to August 28 and thereafter up to three more times in one-month increments to December 28.
EG’s sponsor is adding a new inducement to keep those shareholders engaged, offering to contribute the lesser of $160,000 or $0.04 per share for each month of the extension.
Along with the rescheduling, the SPAC’s redemption deadline has been moved to May 17, so shareholders will have the opportunity to consider this and potentially withdraw their redemption decisions. The SPAC estimates the redemption rate for the vote will be $10.24 and it last closed at $10.21.
In November, EG announced a $600 million combination with flyExclusive. Kinston, North Carolina-based flyExclusive is an owner and operator of private jet experiences with a floating fleet of over 90 light to heavy jets.


McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....