Volato Group, Inc. (SOAR): auditor change — Proof Acquisition restates Q1-Q3 2022 unaudited financials for D&O insurance error

Volato Group, Inc.

Previously issued unaudited Q1, Q2, Q3 2022 financials restated due to D&O liability insurance expense misallocation.
Management and audit committee concluded those statements should no longer be relied upon.
Restatement does not affect cash position or trust account balance.
Material weakness in internal control over financial reporting identified.
Restatement will be reflected in the 2022 Form 10-K.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Volato Group, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

should be restated to accurately allocate the expense for directors and officers liability insurance and should no longer be relied upon.

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Source: SEC EDGAR

accession 0001140361-23-002872

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