# EDGAR Filing Document

**Accession Number:** 0001843973
**File Stem:** 0001193125-25-211275
**Filing Date:** 2025-9
**Character Count:** 24584
**Document Hash:** 06224f29d34d739daa4ee712b3cd10fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-211275.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001193125-25-211275

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**EFFECTIVENESS DATE**: 20250922

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FLYEXCLUSIVE INC.
- **CENTRAL INDEX KEY:** 0001843973
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR TRANSPORTATION, NONSCHEDULED [4522]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 861740840
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-290445
- **FILM NUMBER:** 251330082

**BUSINESS ADDRESS:**
- **STREET 1:** 2860 JETPORT ROAD
- **CITY:** KINSTON
- **STATE:** NC
- **ZIP:** 28504
- **BUSINESS PHONE:** (252) 208-7715

**MAIL ADDRESS:**
- **STREET 1:** 2860 JETPORT ROAD
- **CITY:** KINSTON
- **STATE:** NC
- **ZIP:** 28504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EG Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210202

**As filed with the Securities and Exchange Commission on September 22, 2025**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**flyExclusive, Inc.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **86-1740840** |
| **(State or other jurisdiction**<br>**of incorporation or organization)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

**2860 Jetport Road**

**Kinston, North Carolina 28504**

**(Address of principal executive offices) (Zip code)**

**flyExclusive Inc. 2023 Equity Incentive Plan**

**flyExclusive Inc. Employee Stock Purchase Plan**

**(Full title of the plans)**

**Thomas James Segrave, Jr.** 

**Chief Executive Officer and Chairman**

**2860 Jetport Road** 

**Kinston, North Carolina 28504** 

**(252) 208-7715**

**(Name and address of agent for service) (Telephone number, including area code, of agent for service)**

***With copies to:***

**Donald R. Reynolds, Esq.**

**Alexander M. Donaldson, Esq.**

**Christopher P. Agoranos, Esq.**

**Wyrick Robbins Yates & Ponton LLP**

**4101 Lake Boone Trail, Suite 300**

**Raleigh, NC 27607**

**Telephone: (919) 781-4000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | □ | Accelerated filer | □ |
| Non-accelerated filer | ⌧ | Smaller reporting company | ⌧ |
|  |  | Emerging growth company | ⌧ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. □

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**<br>EXPLANATORY NOTE**

This Registration Statement is being filed to register (i) an additional 9,000,000 shares of common stock issuable pursuant to Section 3(a)(ii) of the flyExclusive, Inc. (the "Registrant") 2023 Equity Incentive Plan (the "2023 Stock Plan") and (ii) an additional 1,000,000 shares under the Registrant's Employee Stock Purchase Plan (the "Stock Purchase Plan"), all of which are securities of the same class for which Registration Statement on Form S-8 are effective. Accordingly, the contents of the previous Registration Statement on Form S-8 filed by the Registrant with the Securities and Exchange Commission (the "Commission") on October 15, 2024 (File No. 333-282650), including periodic and current reports filed after the previous Registration Statement on Form S-8 to maintain current information about the Registrant, are incorporated by reference into this Registration Statement pursuant to General Instruction E of Form S-8.

The additional shares are the result of an increase to each of the 2023 Stock Plan and the Stock Purchase Plan approved by the Registrant's board of directors on September 10, 2025.

**PART II**

**Item 3. Incorporation of Documents by Reference**.

The following documents filed with the Securities and Exchange Commission (the "Commission") are hereby incorporated by reference in this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Commission on March 24, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, filed with the Commission on May 13, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025, filed with the Commission on [August 13, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000162828024037173/flyx-20240630.htm);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the Registrant's Current Reports on Form 8-K, filed with the Commission on [February](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000119312524021885/d743489d8k.htm)[19](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000119312524021885/d743489d8k.htm)[,](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000119312524021885/d743489d8k.htm)[2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000119312524021885/d743489d8k.htm), [March 11, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000162828024009716/flyx-20240304.htm), [May 6, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000162828024017024/flyx-20240417.htm), [July](https://www.sec.gov/ix?doc=/Archives/edgar/data/1843973/000162828024025428/flyx-20240521.htm)28, 2025, [July 30, 2025, and September 15, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001843973/000162828024029904/flyx-20240618.htm) (in each case, to the extent such reports are filed, not furnished); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the description of the Company's Common Stock contained in the Registration Statement on [Form 8-A](https://www.sec.gov/Archives/edgar/data/1843973/000119312523303635/d900931d8a12b.htm) (File No. 001-40444), filed with the SEC under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") on December 27, 2023, including any amendments or reports filed for the purpose of updating such description.

In addition, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. However, any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed "filed" with the Commission, including without limitation any information furnished pursuant to Item 2.02 or 7.01 of Form 8-K or certain exhibits furnished pursuant to Item 9.01 of Form 8-K, shall not be deemed to be incorporated by reference in this Registration Statement.

Any statement in a document incorporated by reference or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated

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by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 6. Indemnification of Directors and Officers.**

Subsection (a) of Section 145 of the General Corporation Law of the State of Delaware (the "DGCL") empowers a corporation to indemnify any person who was or is a party or who is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful.

Subsection (b) of Section 145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person acted in any of the capacities set forth above, against expenses (including attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

Section 145 further provides that to the extent a director or officer of a corporation has been successful on the merits or otherwise in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith; that indemnification provided for by Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may be entitled; and the indemnification provided for by Section 145 shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of such person's heirs, executors and administrators. Section 145 also empowers the corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of his status as such, whether or not the corporation would have the power to indemnify such person against such liabilities under Section 145.

Section 102(b)(7) of the DGCL provides that a corporation's certificate of incorporation may contain a provision eliminating or limiting the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, provided that such provision shall not eliminate or limit the liability of a director (i) for any breach of the director's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL, or (iv) for any transaction from which the director derived an improper personal benefit.

Additionally, our Charter limits the liability of our directors to the fullest extent permitted by the DGCL, and our Bylaws provide that we will indemnify them to the fullest extent permitted by such law. We have entered into and expect to continue to enter into agreements to indemnify our directors, executive officers and other employees as determined by our Board of Directors. Under the terms of such indemnification agreements, we are required to indemnify each of our directors and officers, to the fullest extent permitted by the laws of the state of Delaware, if the basis of the indemnitee's involvement was by reason of the fact that the indemnitee is or was our director or officer or was serving at our request in an official capacity for another entity. We must indemnify our officers and directors

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against all reasonable fees, expenses, charges and other costs of any type or nature whatsoever, including any and all expenses and obligations paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing to defend, be a witness or participate in any completed, actual, pending or threatened action, suit, claim or proceeding, whether civil, criminal, administrative or investigative, or establishing or enforcing a right to indemnification under the indemnification agreement. The indemnification agreements also require us, if so requested, to advance all reasonable fees, expenses, charges and other costs that such director or officer incurred, provided that such person will return any such advance if it is ultimately determined that such person is not entitled to indemnification by us. Any claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.

We maintain a general liability insurance policy that covers certain liabilities of directors and officers of the Company arising out of claims based on acts or omissions in their capacities as directors or officers.

**Item 8. Exhibits.**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **EXHIBIT NO.** | **DESCRIPTION** | **FILE HEREWITH** | **FORM** | **EXHIBIT** | **FILING DATE** |
| 4.1 | [<u>Second Amended and Restated Certificate of Incorporation of EG Acquisition Corp.</u>](https://www.sec.gov/Archives/edgar/data/1843973/000119312524001570/d557329dex31.htm) |  | 8-K | 3.1 | 1/3/2024 |
| 4.2 | [<u>Bylaws of flyExclusive, Inc.</u>](https://www.sec.gov/Archives/edgar/data/1843973/000119312524001570/d557329dex32.htm) |  | 8-K | 3.2 | 1/3/2024 |
| 5.1 | [<u>Opinion of Wyrick Robbins Yates & Ponton LLP</u>](flyx-ex5_1.htm)<u>.</u> | X |  |  |  |
| 23.2 | [<u>Consent of Elliott Davis, PLLC.</u>](flyx-ex23_2.htm) | X |  |  |  |
| 23.3 | [<u>Consent of Wyrick Robbins Yates & Ponton LLP (included in Exhibit 5.1)</u>](flyx-ex5_1.htm)<u>.</u> | X |  |  |  |
| 24.1 | <u>Power of Attorney (included on signature page to this Registration Statement on Form S-8).</u> | X |  |  |  |
| 99.1 | [<u>flyExclusive, Inc. 2023 Equity Incentive Plan.</u>](https://www.sec.gov/Archives/edgar/data/1843973/000119312524001570/d557329dex1010.htm) |  | 8-K | 10.10 | 1/3/2024 |
| 99.2 | [<u>Amendment No. 1 to the flyExclusive, Inc. 2023 Equity Incentive Plan.</u>](https://www.sec.gov/Archives/edgar/data/1843973/000119312525203527/flyx-ex10_2.htm) |  | 8-K | 10.2 | 9/15/2025 |
| 99.3 | [<u>flyExclusive, Inc. Employee Stock Purchase Plan.</u>](https://www.sec.gov/Archives/edgar/data/1843973/000119312524001570/d557329dex1011.htm) |  | 8-K | 10.11 | 1/3/2024 |

---

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99.4 [<u>Amendment No. 1 to the flyExclusive, Inc. Employee Stock Purchase Plan</u>](https://www.sec.gov/Archives/edgar/data/1843973/000119312525203527/flyx-ex10_1.htm) . 8- K 10.1 9/15/2025

107.1 [<u>Filing fee table.</u>](flyx_exfilingfees.htm) X

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Kinston, State of North Carolina, on September 22, 2025.

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| | |
|:---|:---|
| **flyExclusive, Inc.**  | **flyExclusive, Inc.**  |
| By: | /s/ Thomas James Segrave, Jr. |
|  | Thomas James Segrave, Jr. |
|  | Chief Executive Officer and Chairman |
|  | (Principal Executive Officer) |

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**POWER OF ATTORNEY**

Each person whose signature appears below hereby constitutes and appoints Thomas James Segrave, Jr. and Brad G. Garner, or each of them singly, with full power to act without the other, such person's true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign this registration statement and any and all amendments, including post-effective amendments to this registration statement, and to file the same, with exhibits and schedules thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary or desirable to be done in connection therewith as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his or her substitute or substitutes may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

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---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Date** |
| /s/ Thomas James Segrave, Jr. | Chief Executive Officer and Chairman | **September 22, 2025** |
| Thomas James Segrave, Jr. | (Principal Executive Officer) | **September 22, 2025** |
| /s/ Brad G. Garner | Chief Financial Officer | **September 22, 2025** |
| Brad G. Garner | (Principal Financial Officer) | **September 22, 2025** |
| /s/ Zachary M. Nichols | Chief Accounting Officer | **September 22, 2025** |
| Zachary M. Nichols | (Principal Accounting Officer) | **September 22, 2025** |
| /s/ Gary Fegel | Director | **September 22, 2025** |
| Gary Fegel | Director | **September 22, 2025** |
| /s/ Gregg S. Hymowitz | Director | **September 22, 2025** |
| Gregg S. Hymowitz | Director | **September 22, 2025** |
| /s/ Michael S. Fox | Director | **September 22, 2025** |
| Michael S. Fox | Director | **September 22, 2025** |
| /s/ Peter B. Hopper | Director | **September 22, 2025** |
| Peter B. Hopper | Director | **September 22, 2025** |
| /s/ Frank B. Holding, Jr. | Director | **September 22, 2025** |
| Frank B. Holding, Jr. | Director | **September 22, 2025** |
| /s/ Thomas J. Segrave, Sr. | Director | **September 22, 2025** |
| Thomas J. Segrave, Sr. | Director | **September 22, 2025** |

---

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## Exhibit 5.1

**Exhibit 5.1**

Wyrick Robbins Yates & Ponton LLP

4101 Lake Boone Trail, Suite 300

Raleigh, North Carolina 27607-7506

September 22, 2025

Board of Directors

flyExclusive, Inc.

2860 Jetport Road

Kinston, North Carolina 28504

Ladies and Gentlemen:

We have examined the Registration Statement on Form S-8 filed on or about the date hereof by flyExclusive, Inc., a Delaware corporation (the "Registrant"), with the Securities and Exchange Commission (the "Registration Statement"), in connection with the registration under the Securities Act of 1933, as amended, of an aggregate of 10,000,000 shares of the Registrant's Class A common stock, $0.0001 par value per share (the "Shares"). We understand that 9,000,000 Shares are to be issued pursuant to the Registrant's 2023 Equity Incentive Plan and 1,000,000 Shares are to be issued pursuant to the Registrant's Employee Stock Purchase Plan (each referred to individually as the "Plan" and collectively as the "Plans"). In our examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals and the conformity with the original of all documents submitted to us as copies thereof.

It is our opinion that, upon completion of the proceedings being taken or contemplated by us, as the Registrant's counsel, to be taken prior to the issuance of the Shares, the Shares when issued in the manner referred to in the Registration Statement and in accordance with the Plan, will be validly issued, fully paid and nonassessable.

We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to the use of our name wherever appearing in the Registration Statement, including the prospectus constituting a part thereof, and any amendments thereto.

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| |
|:---|
| Sincerely, |
| /s/ WYRICK ROBBINS YATES & PONTON LLP |

---

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## Exhibit 23.2

**Exhibit 23.2**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of flyExclusive, Inc. of our report dated March 24, 2025, relating to the consolidated financial statements of flyExclusive, Inc., appearing in the Annual Report on Form 10-K of flyExclusive, Inc. for the year ended December 31, 2024.

/s/ Elliott Davis, PLLC

Charlotte, North Carolina

September 22, 2025

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## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

**Exhibit 107.1**

**Calculation of Filing Fee Tables**

**Form** S-8

(Form Type)

flyExclusive, Inc.

(Exact Name of Registrant as Specified in its Charter)

**Table 1-Newly Registered Securities**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount<br>to be<br>Registered (1)** | **Proposed<br>Maximum<br>Offering Price<br>Per Unit** | **Maximum<br>Aggregate<br>Offering Price** | **Fee Rate** | **Amount of<br>Registration Fee** |
| Equity | Class A common stock, $0.0001 par value per share | Rule 457(c) and Rule 457(h)(1) | 10000000 (2) | $5.16 (3) | $51600000 | $153.10 per $1,000,000 | $7900 |
| **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | $51600000 |  | $7900 |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  | $0 |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  | $7900 |

---

(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this Registration Statement also covers such additional shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") of flyExclusive, Inc. (the "Registrant") as may be issued to prevent dilution of the shares of Class A Common Stock covered hereby resulting from stock splits, stock dividends or similar transactions.

(2) Consists of 9,000,000 additional shares of Class A Common Stock issuable pursuant to the Registrant's 2023 Equity Incentive Plan and 1,000,000 shares of Class A Common Stock issuable pursuant to the Registrant's Employee Stock Purchase Plan.

(3) Calculated solely for the purpose of this offering pursuant to Rule 457(c) and 457(h)(1) on the basis of the average of the high and low prices of the Class A Common Stock as reported on the NYSE American LLC on September 19, 2025.

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