---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002872"
form_type: "8-K"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:29:11.148007+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Proof Acquisition restates Q1-Q3 2022 unaudited financials for D&O insurance error

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-002872
- form_type: 8-K
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853070/000114036123002872/0001140361-23-002872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000114036123002872/brhc10047058_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002872
- JSON: https://secwatch.observer/filing/0001140361-23-002872.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002872.txt

## Key facts
- Auditor Changes
  Volato Group, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: should be restated to accurately allocate the expense for directors and officers liability insurance and should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853070/000114036123002872/0001140361-23-002872-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.