Corporate ActionJun 18, 2026, 04:52 PM
Volato Group Closes $2.21M Private Placement
AI Summary
Volato Group, Inc. announced the closing of its previously disclosed private placement on June 18, 2026. The company issued 6,500,000 shares of Class A common stock at $0.34 per share, generating gross proceeds of approximately $2.21 million. Concurrently, an amendment to the Registration Rights Agreement was executed, extending the deadline for filing the resale registration statement to 5:30 p.m. Eastern Time on June 18, 2026.
Key Highlights
- Closed private placement on June 18, 2026.
- Issued 6,500,000 shares of Class A common stock.
- Shares sold at a price of $0.34 per share.
- Received gross proceeds of approximately $2.21 million.
- Amended Registration Rights Agreement to extend filing deadline to June 18, 2026, 5:30 p.m. ET.
- Shares were offered under Section 4(a)(2) and Regulation D exemptions.
Price Impact
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