Vellar Opportunities Fund Takes 9.9% Stake in Volato Group

TL;DR

**Vellar Opportunities Fund just bought 9.9% of Volato Group, making them a major player.**

AI Summary

Vellar Opportunities Fund Master, Ltd., a Cayman Islands-based entity, reported acquiring 1,000,000 shares of Volato Group, Inc.'s Class A Common Stock, representing 9.9% of the company, as of December 4, 2023. This significant stake makes Vellar a major shareholder in Volato, a nonscheduled air transportation company. This matters to investors because a large institutional investment can signal confidence in the company's future, potentially influencing stock price and future strategic decisions.

Why It Matters

A new institutional investor holding nearly 10% of Volato Group's stock could bring increased scrutiny, potential for activism, or a vote of confidence that might attract other investors.

Risk Assessment

Risk Level: low — This filing indicates a significant investment by an institutional fund, which is generally a positive signal for the company.

Analyst Insight

Smart investors should monitor Volato Group, Inc. for any further institutional buying or strategic announcements, as a significant new shareholder like Vellar Opportunities Fund Master, Ltd. could influence future company direction or market perception.

Key Numbers

• 9.9% — Percentage of Class A Common Stock owned (Represents Vellar Opportunities Fund Master, Ltd.'s significant stake in Volato Group, Inc.)
• 1,000,000 — Shares beneficially owned (The total number of Class A Common Stock shares Vellar Opportunities Fund Master, Ltd. holds in Volato Group, Inc.)
• December 4, 2023 — Date of Event (The specific date when Vellar Opportunities Fund Master, Ltd. acquired the shares, triggering the filing requirement.)

Key Players & Entities

• Vellar Opportunities Fund Master, Ltd. (company) — the reporting person acquiring shares
• Volato Group, Inc. (company) — the subject company whose shares were acquired
• Cayman Islands (company) — place of organization for Vellar Opportunities Fund Master, Ltd.
• December 4, 2023 (date) — date of the event requiring the filing
• 9.9% (dollar_amount) — percentage of Class A Common Stock owned by Vellar
• 1,000,000 (dollar_amount) — number of shares beneficially owned by Vellar

Forward-Looking Statements

• Volato Group, Inc. may see increased institutional interest following this disclosure. (Volato Group, Inc.) — medium confidence, target: Next 6 months

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• cohenco-soar120423.htm (SC 13G) — 131KB
• 0001172661-24-000199.txt ( ) — 133KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Volato Group, Inc.

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 1954 Airport Road, Suite 124 Atlanta, GA 30341

(a)Name of Persons Filing

Item 2. (a)Name of Persons Filing: Vellar Opportunities Fund Master, Ltd. Cohen & Company LLC Cohen & Company Inc. Lester Brafman

(b)Names of Person Filing, Address

Item 2. (b)Names of Person Filing, Address of Principal Business Office, Citizenship: Vellar Opportunities Fund Master, Ltd. 3 Columbus Circle, Suite 2400 New York, New York 10019 Cayman Islands Cohen & Company LLC 3 Columbus Circle, Suite 2400 New York, New York 10019 United States Cohen & Company Inc. 3 Columbus Circle, Suite 2400 New York, New York 10019 United States Lester Brafman c/o Cohen & Company Inc. 3 Columbus Circle, Suite 2400 New York, New York 10019 United States

(c) Citizenship

Item 2. (c) Citizenship: Vellar Opportunities Fund Master, Ltd. – Cayman Islands Cohen & Company LLC – Delaware, United States Cohen & Company Inc. – Delaware, United States Lester Brafman – United

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Class A Common Stock, par value $0.0001 per share

(e) CUSIP No

Item 2. (e) CUSIP No.: 74349W104 CUSIP No. 74349W104 SCHEDULE 13G Page 7 of 11 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 74349W104 SCHEDULE 13G Page 8 of 11 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Vellar Opportunities Fund Master, Ltd. (a) Amount beneficially owned: 1,747,592 (b) Percent of class: 6.51% (c) Number of shares to which the person has: (i) Sole power to vote or to direct the vote: (ii) Shared power to vote or to direct the vote: 1,747,592 (iii) Sole power to dispose or direct the disposition: (iv) Shared power to dispose or to direct the disposition: 1,747,592 Cohen & Company, LLC (a) Amount beneficially owned: 1,747,592 (b) Percent of class: 6.51% (c) Number of shar

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View this SC 13G filing on SEC EDGAR