Volato Group, Inc. has filed a prospectus supplement on November 8, 2024, to update and supplement information related to the offer and sale of up to 23,318,122 shares of Common Stock and Warrants by the selling stockholders. This follows the company's entry into a Settlement Agreement with Sunpeak Holdings Corporation (SHC) on November 4, 2024, which was effective on November 6, 2024. The agreement resolves outstanding claims owed to SHC, with SHC agreeing to purchase approximately $4.7 million in claims against the company and exchange them for shares of common stock. Additionally, SHC will receive 100,000 freely trading shares as a Settlement Fee. The agreement stipulates that SHC will not own more than 4.99% of the company's common stock at any time. The issuance of the Settlement Shares and Settlement Fee Shares is exempt from registration under Section 3(a)(10) of the Securities Act of 1933, as it was approved by a Florida court, which confirmed the fairness of the terms.

Volato Group, Inc. has filed a prospectus supplement on November 8, 2024, to update and supplement information related to the offer and sale of up to 23,318,122 shares of Common Stock and Warrants by the selling stockholders. This follows the company's entry into a Settlement Agreement with Sunpeak Holdings Corporation (SHC) on November 4, 2024, which was effective on November 6, 2024. The agreement resolves outstanding claims owed to SHC, with SHC agreeing to purchase approximately $4.7 million in claims against the company and exchange them for shares of common stock. Additionally, SHC will receive 100,000 freely trading shares as a Settlement Fee. The agreement stipulates that SHC will not own more than 4.99% of the company's common stock at any time. The issuance of the Settlement Shares and Settlement Fee Shares is exempt from registration under Section 3(a)(10) of the Securities Act of 1933, as it was approved by a Florida court, which confirmed the fairness of the terms.