flyExclusive.

• Position: KINSTON

* Kinston-based flyExclusive, which offers private jet service, wants to go public in a combination with New York special-purpose acquisition company EG Acquisition. Sponsored by EnTrust Global and GMF Capital, it will combine with flyExclusive to create a publicly traded company led by founder and CEO Jim Segrave.

The transaction values flyExclusive at $600 million and is expected to provide up to $310 million in proceeds. Segrave and other flyExclusive owners will retain 60% ownership.

As part of the announcement...