secwatch.observer — SEC 8-K summary
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Issuer:     Volato Group, Inc. (SOAR)
CIK:        0001853070
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001628280-24-037439
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volato Group sells Gulfstream G280 for $20M in sale-leaseback financing
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- Sale of one Gulfstream G280 for $20M cash; 3-month leaseback at $266,666/month.
- Repurchase option: $20.875M by Oct 8 or $21.225M by Nov 7, 2024.
- Paid $300K security deposit; $300K closing fee due Sep 8 or repurchase date.
- Amended PDP notes to pay upon delivery; notes repaid in full at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853070/000162828024037439/0001628280-24-037439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853070/000162828024037439/soar-20240809.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037439

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer