Shares of FlyExclusive slid after the company said it would sell shares in a public offering.
The stock fell 15% to $6.14 in premarket trading after more than doubling over the past 12 months as of Thursday's close.
The company didn't disclose the size or terms of the offering or when it would be completed.
Shares of the company soared earlier Thursday after it signed an agreement with Starlink to become a certified dealer and installer for Starlink's high-speed, low-latency aviation connectivity system.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
January 09, 2026 06:17 ET (11:17 GMT)
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