Volato Group Files 8-K for Routine Registration Statement Update
Ticker: SOARW · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1853070
| Field | Detail |
|---|---|
| Company | Volato Group, Inc. (SOARW) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $11.50 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, compliance, 8-K
TL;DR
**Volato Group filed a routine 8-K for compliance, no major news.**
AI Summary
Volato Group, Inc. filed an 8-K on January 22, 2024, to update its registration statement for its Class A Common Stock (SOAR) and Warrants (SOAR.WS) on the NYSE American LLC. This filing is a routine update to ensure compliance with SEC regulations, specifically regarding written communications and soliciting materials. For investors, this indicates that Volato is maintaining its public listing requirements, which is a positive sign for the stock's continued trading and liquidity.
Why It Matters
This filing is a standard compliance update, ensuring Volato Group, Inc. meets its obligations for publicly traded securities on the NYSE American LLC. It signals ongoing operational normalcy and adherence to regulatory requirements.
Risk Assessment
Risk Level: low — This 8-K is a standard regulatory filing for compliance and does not indicate any new financial or operational risks.
Analyst Insight
Smart investors would view this as a routine compliance update, indicating no immediate need for action. It confirms the company is maintaining its public listing status and regulatory adherence.
Key Numbers
- $11.50 — Warrant Exercise Price (The price at which each whole warrant for Volato Group, Inc. can be exercised for one share of Class A common stock.)
Key Players & Entities
- Volato Group, Inc. (company) — the registrant filing the 8-K
- NYSE American LLC (company) — the exchange where Volato's securities are registered
- Class A Common Stock (other) — one of the securities registered by Volato Group, Inc.
- Warrants (other) — another security registered by Volato Group, Inc., exercisable at $11.50
- $11.50 (dollar_amount) — the exercise price for Volato's warrants
FAQ
What is the purpose of Volato Group, Inc.'s 8-K filing on January 22, 2024?
The 8-K filing by Volato Group, Inc. on January 22, 2024, is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, indicating it's intended to simultaneously satisfy filing obligations under Rule 425 (written communications), Rule 14a-12 (soliciting material), Rule 14d-2(b) (pre-commencement communications), and Rule 13e-4(c) (pre-commencement communications).
What securities of Volato Group, Inc. are registered pursuant to Section 12(b) of the Act, as mentioned in the filing?
The securities registered pursuant to Section 12(b) of the Act are Class A Common Stock, trading under the symbol SOAR, and Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50, trading under the symbol SOAR.WS. Both are registered on the NYSE American LLC.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 22, 2024.
Where is Volato Group, Inc.'s principal executive office located?
Volato Group, Inc.'s principal executive office is located at 1954 Airport Road, Suite 124, Chamblee, GA 30341.
What is the Commission File Number for Volato Group, Inc.?
The Commission File Number for Volato Group, Inc. is 001-41104.
Filing Stats: 545 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-01-22 08:31:01
Key Financial Figures
- $11.50 — A common stock at an exercise price of $11.50 SOAR.WS NYSE American LLC Indicat
Filing Documents
- ny20018249x4_8k.htm (8-K) — 31KB
- ny20018249x4_ex99-1.htm (EX-99.1) — 18KB
- ny20018249x4_ex99-2.htm (EX-99.2) — 37KB
- 0001140361-24-003002.txt ( ) — 266KB
- soar-20240122.xsd (EX-101.SCH) — 4KB
- soar-20240122_def.xml (EX-101.DEF) — 17KB
- soar-20240122_lab.xml (EX-101.LAB) — 26KB
- soar-20240122_pre.xml (EX-101.PRE) — 19KB
- ny20018249x4_8k_htm.xml (XML) — 6KB
02
Item 2.02 Results of Operations and Financial Condition. Volato Group, Inc. issued a press release on each of January 4, 2024 and January 22, 2024 disclosing select preliminary key performance indicators for each quarter of fiscal year 2022 and fiscal year 2023. Copies of each press release are furnished as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein. In accordance with General Instructions B.2. of Form 8-K, the information will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor will it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Volato Group, Inc. dated January 4, 2024 (furnished pursuant to Item 2.02) 99.2 Press Release issued by Volato Group, Inc. on January 22, 2024 (furnished pursuant to Item 2.02)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 22, 2024 Volato Group, Inc. By: /s/Mark Heinen Name: Mark Heinen Title: Chief Financial Officer