share_log

Volato Group | 8-K/A: Current report (Amendment)

SEC announcement ·  Jun 24 20:25
Summary by Futu AI
Volato Group, Inc. has received a notice from the NYSE American LLC on June 18, 2024, indicating that the company is not in compliance with the exchange's continued listing standards due to insufficient stockholders' equity relative to its financial losses in recent years. The company is required to submit a plan by July 18, 2024, detailing how it intends to regain compliance by December 18, 2025. Failure to submit or gain acceptance for the plan could lead to delisting proceedings. Despite the notice, Volato's common stock and warrants will remain listed and traded on the NYSE American under the symbols 'SOAR' and 'SOAR.WS' during the six-month compliance period, provided other listing standards are met. The notice does not impact Volato's business operations or SEC reporting obligations. The company has expressed its commitment to regaining compliance but acknowledges there is no guarantee of achieving this within the specified timeframe. Volato issued a press release on June 21, 2024, to inform the public and investors about the notice and its implications.
Volato Group, Inc. has received a notice from the NYSE American LLC on June 18, 2024, indicating that the company is not in compliance with the exchange's continued listing standards due to insufficient stockholders' equity relative to its financial losses in recent years. The company is required to submit a plan by July 18, 2024, detailing how it intends to regain compliance by December 18, 2025. Failure to submit or gain acceptance for the plan could lead to delisting proceedings. Despite the notice, Volato's common stock and warrants will remain listed and traded on the NYSE American under the symbols 'SOAR' and 'SOAR.WS' during the six-month compliance period, provided other listing standards are met. The notice does not impact Volato's business operations or SEC reporting obligations. The company has expressed its commitment to regaining compliance but acknowledges there is no guarantee of achieving this within the specified timeframe. Volato issued a press release on June 21, 2024, to inform the public and investors about the notice and its implications.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.