M&A - Volato Group, Inc.

Form Type: 8-K

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025023800

Filing Summary: On May 7, 2025, Volato Group, Inc. held a special meeting of stockholders in a virtual-only format. The purpose of the meeting was to vote on the approval of the issuance of 20% or more of the company's issued and outstanding shares of Class A common stock in connection with a Securities Purchase Agreement with JAK Opportunities Fund IX LLC. A total of 635,902 shares were represented at the meeting, which accounted for approximately 33.45% of the total shares entitled to vote. The proposal for the issuance was approved with 532,457 votes in favor, while 108,300 votes were against and 3,812 abstained. The adjournment proposal was not brought to vote as sufficient approval for the first proposal was confirmed. This event marks a significant corporate action for the company regarding capital structure and shareholder equity.