Summary by Futu AI
The United States Securities and Exchange Commission (SEC) has reviewed an amended registration statement from Volato Group, Inc., initially filed on February 9, 2024. In a letter dated February 28, 2024, addressed to CEO Matthew Liotta, the SEC provided comments on the amendment, specifically requesting further revisions and information. The SEC's comments focus on the risk factors associated with being a public company, particularly regarding the sales of common stock by the company or selling stockholders. The SEC has asked Volato Group to revise their disclosure to clarify that holders of the Founder's Shares may be incentivized to sell at the current trading price, which is below the SPAC IPO price, due to their lower purchase price. Additionally, the SEC has requested...Show More