On September 10, 2024, Volato Group, Inc., an emerging growth company, announced the immediate termination of its Fleet Purchase Agreement (FPA) with Honda Aircraft Company LLC. The FPA, established on May 5, 2023, involved the acquisition of twenty-three HondaJet HA-420 aircraft for a total of $161.6 million, with deliveries scheduled from Q4 2023 to Q4 2025. Following the termination, Honda Aircraft will retain the deposits previously paid by Volato Group, and the company is required to enter into individual purchase agreements for each aircraft for which a deposit had been made. Additionally, on September 9, 2024, Volato Group received a notice from NYSE American LLC indicating that the company's warrants were no longer suitable for listing due to 'abnormally low' price levels and would be delisted following the completion...Show More

On September 10, 2024, Volato Group, Inc., an emerging growth company, announced the immediate termination of its Fleet Purchase Agreement (FPA) with Honda Aircraft Company LLC. The FPA, established on May 5, 2023, involved the acquisition of twenty-three HondaJet HA-420 aircraft for a total of $161.6 million, with deliveries scheduled from Q4 2023 to Q4 2025. Following the termination, Honda Aircraft will retain the deposits previously paid by Volato Group, and the company is required to enter into individual purchase agreements for each aircraft for which a deposit had been made. Additionally, on September 9, 2024, Volato Group received a notice from NYSE American LLC indicating that the company's warrants were no longer suitable for listing due to 'abnormally low' price levels and would be delisted following the completion of all applicable procedures. Volato Group does not intend to appeal this decision. Trading of the warrants has been suspended as of September 10, while the company's Class A Common Stock continues to trade on the NYSE American. The warrants may now be traded on the pink sheets or other available markets.