{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-037494","form_type":"8-K","ticker":"SOAR","cik":"0001853070","company_name":"Volato Group, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.783540+00:00","generated_at":"2026-06-12T14:53:54.415487+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"PROOF Acquisition Corp I signs $190M merger agreement with Volato, Inc.","bullets":["Aggregate merger consideration of $190M plus up to $60M in private financing; Volato shareholders to receive Class A shares.","Sponsor support agreement: Sponsor votes all Founder Shares in favor; uses up to 50% of Founder Shares to satisfy minimum cash condition.","Certain Volato and PACI insiders enter 180-day lock-up on shares received; lock-up may be waived earlier by Sponsor and PACI.","Closing conditions include PACI stockholder approval, SEC registration statement effectiveness, and $35M minimum cash available at close.","Business Combination must close by December 1, 2023; either party may terminate if conditions not met."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-037494","json":"https://secwatch.observer/filing/0001140361-23-037494.json","markdown":"https://secwatch.observer/filing/0001140361-23-037494.md","text":"https://secwatch.observer/filing/0001140361-23-037494.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123037494/0001140361-23-037494-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123037494/brhc20056848_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T14:53:54.415487+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e3de85299552d309befb9c4f1bc5d27d11abf2a9","claim":"Volato Group, Inc. entered into Business Combination Agreement with PROOF Acquisition Corp I, PACI Merger Sub, Inc., Volato, Inc. (effective 2023-08-01).","evidence_excerpt":"On August 1, 2023, PROOF Acquisition Corp I, a Delaware corporation (prior to the Effective Time (as defined below), \" PACI \" and, at and after the Effective Time, \" Volato Group \") entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the \" Business Combination Agreement \") with PACI Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of PACI (\" Merger Sub \"), and Volato, Inc., a Georgia corporation (\" Volato \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123037494/0001140361-23-037494-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"PROOF Acquisition Corp I, PACI Merger Sub, Inc., Volato, Inc."},{"label":"Effective","value":"2023-08-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}