---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-040998"
form_type: "8-K"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T05:00:04.334145+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PROOF Acquisition Corp I withdraws reliance on Q2 2023 10-Q due to omitted D&O insurance expense adjustment

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-040998
- form_type: 8-K
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2023-08-23T23:59:59+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/1853070/000114036123040998/0001140361-23-040998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000114036123040998/brhc20057920_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-040998
- JSON: https://secwatch.observer/filing/0001140361-23-040998.json
- Plain text: https://secwatch.observer/filing/0001140361-23-040998.txt

## Key facts
- Auditor Changes
  Volato Group, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Marcum LLP
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853070/000114036123040998/0001140361-23-040998-index.htm

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