Summary by Futu AI
Volato Group, Inc. has filed a prospectus supplement on September 9, 2024, to update and supplement information related to the offer and sale of up to 8,092,122 shares of common stock, 15,226,000 warrants, and up to 15,226,000 shares of common stock issuable upon the exercise of the warrants by selling stockholders. This follows the initial prospectus dated April 19, 2024, and is accompanied by a Current Report on Form 8-K filed on September 9, 2024. The company has also announced the non-renewal of employment agreements with its executive officers, who will continue to serve on an at-will basis post-November 30, 2024. Additionally, Steven Drucker, the Chief Technology Officer, resigned on September 6, 2024, with no disagreements cited. Volato Group has received acceptance from NYSE American for its compliance plan, granting it until December 18, 2025, to meet continued listing standards after previously receiving a deficiency notice.