On December 4, 2024, Volato Group entered into a Securities Purchase Agreement with an institutional investor to issue 10% original issue discount senior unsecured convertible promissory notes totaling up to $36M. The initial tranche of $4.5M was issued, with a purchase price of $4.05M, maturing on December 4, 2025.The agreement includes conditions for issuing additional notes, such as an effective registration statement and compliance with a Settlement Agreement. The conversion price of the notes is subject to periodic adjustments based on market conditions, with a floor price initially set at $0.0732 per share.Volato Group is required to hold a shareholder meeting within 75 days to approve the issuance of shares under the notes. The company will file a registration statement with the SEC to register the resale of shares issuable under the notes.

On December 4, 2024, Volato Group entered into a Securities Purchase Agreement with an institutional investor to issue 10% original issue discount senior unsecured convertible promissory notes totaling up to $36M. The initial tranche of $4.5M was issued, with a purchase price of $4.05M, maturing on December 4, 2025.The agreement includes conditions for issuing additional notes, such as an effective registration statement and compliance with a Settlement Agreement. The conversion price of the notes is subject to periodic adjustments based on market conditions, with a floor price initially set at $0.0732 per share.Volato Group is required to hold a shareholder meeting within 75 days to approve the issuance of shares under the notes. The company will file a registration statement with the SEC to register the resale of shares issuable under the notes.