On August 28, 2024, Volato Group's Board approved an amendment to its Second Amended and Restated Bylaws, reducing the stockholder meeting quorum requirement from a majority to one-third of all issued and outstanding voting shares. This change will be effective for the upcoming Special Meeting of Stockholders scheduled for October 3, 2024.The Board also approved a form of indemnification agreement on August 23, 2024, which the company has entered into with all directors and executive officers. The agreement requires Volato to indemnify and advance expenses to directors and officers to the fullest extent permitted by law, while maintaining directors' and officers' liability insurance.Additionally, on June 7, 2024, the Board approved a form of Stock Option Agreement for granting options under the company's 2023 Stock Incentive Plan. The amended bylaws will be filed with the company's next Form 10-Q.

On August 28, 2024, Volato Group's Board approved an amendment to its Second Amended and Restated Bylaws, reducing the stockholder meeting quorum requirement from a majority to one-third of all issued and outstanding voting shares. This change will be effective for the upcoming Special Meeting of Stockholders scheduled for October 3, 2024.The Board also approved a form of indemnification agreement on August 23, 2024, which the company has entered into with all directors and executive officers. The agreement requires Volato to indemnify and advance expenses to directors and officers to the fullest extent permitted by law, while maintaining directors' and officers' liability insurance.Additionally, on June 7, 2024, the Board approved a form of Stock Option Agreement for granting options under the company's 2023 Stock Incentive Plan. The amended bylaws will be filed with the company's next Form 10-Q.