Flybondi.com entered into an agreement to acquire Integral Acquisition Corporation 1 (NasdaqGM:INTE) for approximately $300 million in a reverse merger transaction on October 19, 2023. The transaction, structured as a share exchange. Upon the closing of the proposed business combination, the combined company will continue to operate under the Flybondi name, and Flybondi?s executive management team will continue to lead the combined company. All cash remaining on the combined company?s balance sheet at the closing of the business combination, after the settlement of transaction-related expenses, is expected to be utilized by the combined company for working capital, growth, and other general corporate purposes. Shares of the airline are expected to be listed on Nasdaq under the symbol ?FLYB?.

The transaction has been approved by the boards of directors of both Integral 1 and Flybondi. The transaction is subject to regulatory approvals, the approval by the stockholders of Integral 1 and the shareholders of Flybondi, and the satisfaction of certain other customary closing conditions, including the review by the U.S. Securities and Exchange Commission of the proxy statement/prospectus relating to the proposed business combination and the listing approval by Nasdaq. The transaction is expected to close during the first half of 2024.

Greenberg Traurig, LLP, Marval O'Farrell Mairal, and DWF Law LLP acted as legal advisors to Flybondi. Ellenoff Grossman & Schole LLP, Beccar Varela, and Travers Smith LLP acted as legal advisors to Integral.