Volato Group Inc. Files 8-K on Shareholder Vote Matters

TL;DR

Volato Group (SOAR) filed an 8-K on shareholder vote matters, check for corporate action.

AI Summary

Volato Group, Inc. filed an 8-K on October 8, 2024, reporting on matters submitted to a vote of security holders as of October 3, 2024. The company, previously known as PROOF Acquisition Corp I, is incorporated in Delaware and operates in air transportation.

Why It Matters

This filing indicates that Volato Group, Inc. has held or is holding a vote of its security holders, which could pertain to significant corporate actions or decisions.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure regarding a shareholder vote and does not immediately indicate financial distress or significant negative events.

Key Numbers

• 001-41104 — SEC File Number (Identifies the company's filing history 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
• Delaware (jurisdiction) — State of incorporation
• October 3, 2024 (date) — Date of earliest event reported
• October 8, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $11.50 — A common stock at an exercise price of $11.50 SOARW OTC Pink Indicate by check mark

Filing Documents

• soar-20241003.htm (8-K) — 41KB
• 0001628280-24-042435.txt ( ) — 166KB
• soar-20241003.xsd (EX-101.SCH) — 2KB
• soar-20241003_lab.xml (EX-101.LAB) — 22KB
• soar-20241003_pre.xml (EX-101.PRE) — 13KB
• soar-20241003_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders The special meeting of stockholders (the "Special Meeting") of Volato Group, Inc. (the "Company") was held in a virtual-only format on October 3, 2024 at 8:00 a.m., Eastern Time, via live webcast. Proxies were solicited pursuant to the Company's proxy statement filed on September 4, 2024 with the United States Securities and Exchange Commission ("SEC") under Section 14(a) of the Securities Exchange Act of 1934, as amended. As of September 3, 2024, the record date for the Special Meeting, the number of shares of common stock outstanding and entitled to vote at the Special Meeting was 29,534,339. The number of shares of common stock present or represented by valid proxy at the Special Meeting was 16,924,128, representing approximately 57.3% of the total number of shares of common stock entitled to vote at the Special Meeting. Each share of common stock was entitled to one vote with respect to matters submitted to the Company's stockholders at the Special Meeting. At the Special Meeting, the Company's stockholders were asked approve Amendments to the Second Amended and Restated Certificate of Incorporation to: (i) Effect a Reverse Stock Split, (ii) Increase the Number of Authorized Shares of Class A Common Stock, (iii) Allow Stockholders to Act by Written Consent, (iv) Reduce the Quorum Requirement from a Majority to Thirty-Three and One-Third Percent (33-1/3%) and (v) Approve an Adjournment of the Special Meeting. The voting results reported below are final. The following is a summary of the matters voted on at the Special Meeting. Proposal 1 - Effect a Reverse Stock Split The approval to Effect a Reverse Stock split was ratified. The results of the election were as follow: FOR AGAINST ABSTAIN BROKER NON VOTES 17,581,247 800,909 132,639 — Proposal 2 - Increase the Number of Authorized Shares of Class A Common Stock The approval to Increase the Number of Authorized Shares of Class A Commons S

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 : October 8, 2024 Volato Group, Inc. By: /s/ Mark Heinen Name: Mark Heinen Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR