Summary by Futu AI
Volato Group, Inc. has submitted Amendment No. 1 to its Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) in response to comments from the SEC's Division of Corporation Finance. The amendment, filed on February 9, 2024, addresses the SEC's feedback regarding the disclosure of the purchase price paid by selling securityholders for common shares and warrants, the exercise price of warrants relative to market price, and the potential impact of warrant exercises on the company's liquidity. Volato Group has also updated its risk factors to include the purchase price of securities for resale and the potential profit for private investors despite the current trading price being below the SPAC IPO price. Additionally, the company...Show More