EIC Stockholder Settlement

What happened

Plaintiffs sued defendants in connection with EIC Class A Common Stock. The defendants, including the Sponsor and EIC board members, have agreed to settle all claims for $17,775,000 in cash. The settlement resolves the class action without the defendants admitting any wrongdoing.

Do you qualify?

All record and beneficial holders of EIC Class A Common Stock who purchased, acquired, or held such securities between September 17, 2019 and May 3, 2021, and continued to hold the stock as of 5:00 PM ET on May 3, 2021, and who elected not to redeem all or some of their shares, excluding defendants, their family members, and related entities.

Who is in the class

All record and beneficial holders of EIC Class A Common Stock who purchased, acquired, or held such securities at any time between September 17, 2019, and May 3, 2021, and continued to hold such stock as of 5:00 p.m. ET on May 3, 2021, and who elected not to redeem all or some of their EIC Class A Common Stock, including their successors-in-interest who obtained shares by operation of law, but excluding: (i) Defendants; (ii) members of the immediate family of any Individual Defendant; (iii) any parent, subsidiary, or affiliate of any entity Defendant; (iv) any entity in which any Defendant or any other Excluded Person, or group of Excluded Persons, has, or had as of the Redemption Deadline, a controlling interest; (v) KSL Capital Partners LLC; (vi) Steele ExpCo Holdings, Inc.; (vii) Ross Aviation LLC; and (viii) the legal representatives, agents, affiliates, heirs, estates, successors, or assigns of any such Excluded Persons.

Quoted from the settlement notice.

How to file

Eligible Class Members must submit a Proof of Claim Form by May 18, 2026 (postmarked or submitted online). The Claim Form is available on the website. If approved by the Court and after appeals are resolved, eligible claimants will receive a distribution from the settlement proceeds.