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Volato Group | 424B3: Prospectus

SEC announcement ·  Apr 18 05:05
Summary by Futu AI
Volato Group, Inc., a private aviation company, has announced a significant financial event involving the sale of up to 8,092,122 shares of Common Stock, up to 15,226,000 Warrants, and up to 15,226,000 shares of Common Stock issuable upon the exercise of the Warrants by selling stockholders. The announcement details the company's financial status, including a net loss of approximately $53 million for the year ended December 31, 2023, and limited positive working capital. Despite these challenges, Volato Group, Inc. plans to continue operations and fund future activities through the issuance of financial instruments, extending credit lines, and selling aircraft. The event is part of a broader business combination agreement and involves various financial instruments and transactions, including convertible notes, credit facilities, and equity-method investments. The company's financial statements have been audited by Rose, Snyder & Jacobs LLP, and the shares are listed on the NYSE American under the symbols 'SOAR' and 'SOAR.WS'. The event is significant for investors as it may impact the company's stock price and overall market performance.
Volato Group, Inc., a private aviation company, has announced a significant financial event involving the sale of up to 8,092,122 shares of Common Stock, up to 15,226,000 Warrants, and up to 15,226,000 shares of Common Stock issuable upon the exercise of the Warrants by selling stockholders. The announcement details the company's financial status, including a net loss of approximately $53 million for the year ended December 31, 2023, and limited positive working capital. Despite these challenges, Volato Group, Inc. plans to continue operations and fund future activities through the issuance of financial instruments, extending credit lines, and selling aircraft. The event is part of a broader business combination agreement and involves various financial instruments and transactions, including convertible notes, credit facilities, and equity-method investments. The company's financial statements have been audited by Rose, Snyder & Jacobs LLP, and the shares are listed on the NYSE American under the symbols 'SOAR' and 'SOAR.WS'. The event is significant for investors as it may impact the company's stock price and overall market performance.
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This announcement is a separate document:

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