Summary by Futu AI
Volato Group, Inc., listed on the NYSE American LLC, is set to have its class of redeemable warrants delisted. These warrants, each exercisable for one share of Class A common stock at $11.50, have been deemed unsuitable for continued listing due to their low trading price, according to the NYSE American Company Guide's Section 1001. The decision to suspend trading of the warrants was made on September 9, 2024, and the delisting is scheduled to take effect at the opening of business on September 30, 2024. Volato Group was notified of the suspension on the same day, and trading was immediately halted. The company had the opportunity to appeal the delisting decision but did not file a request for review within the seven-day period allowed. With all conditions met under SEC Rule 12d2-2(b), the NYSE American has filed the necessary notification with the SEC to remove the warrants from listing and registration.