Volato Group, Inc. (SOAR): auditor change — PROOF Acquisition Corp I withdraws reliance on Q2 2023 10-Q due to omitted D&O insurance expense adjustment

Volato Group, Inc.

On Aug 17, 2023, management discovered omission of adjustment for directors & officers insurance expenses for Q2 2022 from the Q2 2023 10-Q filed Aug 14.
On Aug 22, 2023, management and audit committee, after consulting Marcum LLP, determined the Form 10-Q should no longer be relied upon; amendment planned.
Company states correction will not impact cash position or cash held in trust account from its IPO.
The omitted adjustment relates to operating expenses for the quarterly period ended June 30, 2022, not reflected in the Q2 2023 filing.

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
Auditor: Marcum LLP

Exact text from the filing

matters disclosed in this Current Report on Form 8-K pursuant to this Item 4.02 with Marcum LLP, the Company’s independent registered public accounting firm (“Marcum”) and determined that the Form 10-Q should no longer be relied upon.

View on SEC.gov

Browse all auditor changes →

Volato Group, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-040998

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.