Summary by Futu AI
On October 3, 2024, Volato Group, Inc. held a special meeting of stockholders in a virtual format, which was live webcasted. The meeting's agenda included proposals to amend the company's Second Amended and Restated Certificate of Incorporation. The amendments proposed were to effect a reverse stock split, increase the number of authorized shares of Class A common stock, allow stockholders to act by written consent, reduce the quorum requirement, and approve an adjournment of the meeting if necessary. The proposals were successfully ratified with the majority of the votes cast in favor. The number of shares present or represented by proxy was 16,924,128, which constituted approximately 57.3% of the total shares entitled to vote. The meeting followed the proxy solicitation filed with the SEC on September 4, 2024, and was based on the record date of September 3, 2024, when there were 29,534,339 shares of common stock outstanding. The results of the voting were conclusive, with all five proposals receiving the required number of votes for ratification.
