secwatch.observer — SEC 8-K summary
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Issuer:     Volato Group, Inc. (SOAR)
CIK:        0001853070
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001140361-23-040998
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853070/000114036123040998/0001140361-23-040998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853070/000114036123040998/brhc20057920_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-040998

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