Summary by Futu AI
Volato Group, Inc. has been the subject of a Schedule 13G/A amendment filing with the United States Securities and Exchange Commission (SEC) as of December 31, 2023. The filing indicates that Vellar Opportunities Fund Master, Ltd., Cohen & Company LLC, Cohen & Company Inc., and Lester Brafman collectively hold a shared voting and dispositive power over 1,512,946 shares of Volato Group's Class A Common Stock, which represents 5.63% of the class. The entities and individuals involved are primarily organized in the Cayman Islands and Delaware, with Lester Brafman being a United States citizen. The principal business office for all reporting persons is located at 3 Columbus Circle, Suite 2400, New York, New York. The filing, dated February 14, 2024, asserts that the shares were not acquired for the purpose of changing or influencing the control of Volato Group, Inc. and were not held in connection with any transaction having that purpose or effect.