Volato Group, Inc. Files 8-K with Financials
Ticker: SOARW · Form: 8-K · Filed: Aug 19, 2024 · CIK: 1853070
| Field | Detail |
|---|---|
| Company | Volato Group, Inc. (SOARW) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $11.50, $1.2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-k, financials, company-update
Related Tickers: AVL
TL;DR
Volato Group (AVL) filed an 8-K today, dropping financials and other event updates. Keep an eye on this one.
AI Summary
Volato Group, Inc. filed an 8-K on August 19, 2024, reporting "Other Events" and "Financial Statements and Exhibits." The filing indicates a change in the company's status or operations, with financial information and exhibits being provided. Volato Group, Inc. is incorporated in Delaware and operates in the air transportation sector.
Why It Matters
This 8-K filing provides updated information and financial exhibits for Volato Group, Inc., which is crucial for investors and stakeholders to assess the company's current standing and operational status.
Risk Assessment
Risk Level: low — This filing is a standard 8-K reporting event and does not inherently indicate significant new risks.
Key Numbers
- 001-41104 — SEC File Number (Identifies the company's filing with the SEC.)
- 86-2707040 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Volato Group, Inc. (company) — Registrant
- PROof Acquisition Corp I (company) — Former company name
- August 19, 2024 (date) — Date of report
FAQ
What specific "Other Events" are being reported by Volato Group, Inc. in this 8-K?
The filing lists 'Other Events' as an item information, but the specific details of these events are not elaborated in the provided text.
What is the significance of the "Financial Statements and Exhibits" being filed?
This indicates that the company is providing updated financial information and supporting documents, which are important for investors to review.
When was Volato Group, Inc. formerly known as PROOF Acquisition Corp I?
The date of the name change from PROOF Acquisition Corp I to Volato Group, Inc. was March 24, 2021.
What is Volato Group, Inc.'s primary industry according to its SIC code?
Volato Group, Inc.'s Standard Industrial Classification (SIC) code is 4522, which corresponds to 'AIR TRANSPORTATION, NONSCHEDULED'.
Where is Volato Group, Inc. headquartered?
Volato Group, Inc.'s business address is located at 1954 Airport Road, Suite 124, Chamblee, GA 30341.
Filing Stats: 470 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-08-19 17:16:00
Key Financial Figures
- $11.50 — A common stock at an exercise price of $11.50 SOAR.WS NYSE American LLC Indicate by
- $1.2 million — on is expected to provide approximately $1.2 million per quarter in costs savings. Item 9.
Filing Documents
- soar-20240819.htm (8-K) — 27KB
- volatofleetupdatepressrele.htm (EX-10.1) — 10KB
- 0001628280-24-037777.txt ( ) — 204KB
- soar-20240819.xsd (EX-101.SCH) — 2KB
- soar-20240819_def.xml (EX-101.DEF) — 16KB
- soar-20240819_lab.xml (EX-101.LAB) — 28KB
- soar-20240819_pre.xml (EX-101.PRE) — 16KB
- soar-20240819_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events. On August 19, 2024, the Company announced further ongoing steps to enhance operational efficiency and profitability. As part of this strategy the Company will be removing five leased aircraft from its fleet with the anticipated delivery of new HondaJets and the current pace of demand growth. This action is expected to provide approximately $1.2 million per quarter in costs savings.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Press release dated August 19, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: August 19, 2024 Volato Group, Inc. By: /s/ Mark Heinen Name: Mark Heinen Title: Chief Financial Officer