Volato Group, Inc. has initiated a $36 million debt offering, successfully closing the first tranche of $4.5 million on December 4, 2024. The offering, filed under Rule 506(b), includes options, warrants, or other rights to acquire securities. The company plans two additional tranches, each subject to specific closing conditions.The offering involves a minimum investment of $4.5 million from outside investors. Sales commissions amount to $13,500, with finder's fees totaling $256,500. Proceeds are earmarked for general working capital purposes, potentially including ordinary course remuneration to officers. Benjamin Securities, Inc. is acting as the broker-dealer for the offering.Volato Group, incorporated in Delaware in 2021, operates in the travel industry, specifically in the "Other Travel" category. The company, led by CEO Matthew Liotta, has not disclosed its revenue range. This filing suggests Volato Group is seeking significant capital to support its operations and growth in the travel sector.

Volato Group, Inc. has initiated a $36 million debt offering, successfully closing the first tranche of $4.5 million on December 4, 2024. The offering, filed under Rule 506(b), includes options, warrants, or other rights to acquire securities. The company plans two additional tranches, each subject to specific closing conditions.The offering involves a minimum investment of $4.5 million from outside investors. Sales commissions amount to $13,500, with finder's fees totaling $256,500. Proceeds are earmarked for general working capital purposes, potentially including ordinary course remuneration to officers. Benjamin Securities, Inc. is acting as the broker-dealer for the offering.Volato Group, incorporated in Delaware in 2021, operates in the travel industry, specifically in the "Other Travel" category. The company, led by CEO Matthew Liotta, has not disclosed its revenue range. This filing suggests Volato Group is seeking significant capital to support its operations and growth in the travel sector.