Summary by Futu AI
Volato Group, Inc., a Delaware-incorporated company, has filed an amendment to its Certificate of Incorporation with the Secretary of State of Delaware on October 28, 2024. This amendment, which took effect immediately upon filing, was previously approved by the company's stockholders on October 3, 2024. The key changes include an increase in the authorized shares of Class A common stock from 81 million to 201 million and the allowance for stockholders to act by written consent. The amendment aligns with the company's growth strategy and provides additional flexibility for future corporate actions. Volato Group, which is listed on the NYSE American LLC under the trading symbol SOAR and has warrants trading on the OTC Pink under the symbol SOARW, is also classified as an emerging growth company.