{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-055150","form_type":"8-K","ticker":"SOAR","cik":"0001853070","company_name":"Volato Group, Inc.","filed_at":"2023-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.071173+00:00","generated_at":"2026-06-07T20:30:59.053166+00:00","sec_items":["1.01","3.02","5.07","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"PACI shareholders approve Volato merger; 6.4M shares redeemed; signs forward purchase deal","bullets":["Stockholders approved all proposals including the Business Combination with Volato; closing expected by Dec 3, 2023.","6,423,300 shares redeemed at ~$10.78/share, withdrawing ~$69.3M from trust; only 19,798 Class A shares remain.","Forward Purchase Agreement with Vellar to buy up to 2M shares open market to reduce redemptions; seller waives redemption & voting rights.","Post-merger entity to be Volato Group, Inc., common stock to trade on NYSE American under symbol SOAR."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-055150","json":"https://secwatch.observer/filing/0001140361-23-055150.json","markdown":"https://secwatch.observer/filing/0001140361-23-055150.md","text":"https://secwatch.observer/filing/0001140361-23-055150.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/ny20015054x3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T20:30:59.053166+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":"0ee5b1c5fa96866029f4fcd5ad7caba12b716aec","claim":"Volato Group, Inc. shareholders approved Advisory - increase authorized shares of Class A Common Stock from 70,000,000 to 80,000,000 at the 2023-11-28 meeting.","evidence_excerpt":"(i). a proposal to increase the authorized number of shares of Class A Common Stock from 70,000,000 to 80,000,000","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"6343b9e4eb007cf6acb0f868bff2893f2fe971ca","claim":"Volato Group, Inc. shareholders approved Advisory - change voting threshold to approve amendments to certain provisions of the Proposed Charter at the 2023-11-28 meeting.","evidence_excerpt":"(v). a proposal to change the voting threshold to approve amendments to certain provisions of the Proposed Charter","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"7d84eee4679f0e96bbb9e6563a5f5b998bb73688","claim":"Volato Group, Inc. shareholders approved Advisory - change quorum required for meetings of the Board at the 2023-11-28 meeting.","evidence_excerpt":"(ii). a proposal to change the quorum required for meetings of the Board","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"82d2ccff7991025fc314e124facbe8464def1814","claim":"Volato Group, Inc. shareholders approved Approve and adopt the Business Combination Agreement and approve the merger and other transactions at the 2023-11-28 meeting.","evidence_excerpt":"The BCA Proposal - a proposal to (a) approve and adopt the Business Combination Agreement","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"merger approval"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"8579b79bdf40deb1023108e343939a475e951eba","claim":"Volato Group, Inc. shareholders approved Approve issuance of up to 20,707,600 shares of Class A Common Stock pursuant to the Business Combination Agreement at the 2023-11-28 meeting.","evidence_excerpt":"For Against Abstain 11,491,636 406,697 0 The Stock Issuance Proposal - a proposal to approve, for purposes of complying with applicable","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"a888ff4be5eb341ea675dbe7cf5bf20a89a5d14d","claim":"Volato Group, Inc. shareholders approved Approve the 2023 Stock Incentive Plan at the 2023-11-28 meeting.","evidence_excerpt":"The Stock Incentive Plan Proposal - a proposal to approve the 2023 Stock Incentive Plan","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"b19cde6f0f844eef2fb6ea1ad8a8f39af63ed80e","claim":"Volato Group, Inc. shareholders approved Approve proposed amended and restated certificate of incorporation at the 2023-11-28 meeting.","evidence_excerpt":"The Charter Amendment Proposal - a proposal to approve the proposed amended and restated certificate of incorporation of PACI","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"cc21c736d87dda8aeebc7e14828ef760d06c816d","claim":"Volato Group, Inc. shareholders approved Advisory - require a supermajority vote for the removal of directors at the 2023-11-28 meeting.","evidence_excerpt":"(iv). a proposal to require a supermajority vote for the removal of directors","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"},{"claim_id":"d49b8422a146df98ba1ca257d6bb7db492b532d8","claim":"Volato Group, Inc. shareholders approved Advisory - impose a non-citizen voting limitation at the 2023-11-28 meeting.","evidence_excerpt":"(iii). a proposal to impose a non-citizen voting limitation","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853070/000114036123055150/0001140361-23-055150-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-28"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}