secwatch.observer — SEC 8-K summary
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Issuer:     Volato Group, Inc. (SOAR)
CIK:        0001853070
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001628280-24-040340
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.02, 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Volato Group loses $161.6M HondaJet fleet deal; warrants delisted for low price
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- Honda Aircraft terminated FPA for 23 HondaJet HA-420 aircraft ($161.6M total); Honda retains deposits, company must sign individual purchase agreements for already-deposited aircraft.
- NYSE American notified that warrants (SOARW) are unsuitable for listing due to abnormally low price; trading suspended Sep 10, 2024.
- Company does not intend to appeal delisting; warrants may trade on pink sheets; common stock (SOAR) continues on NYSE American.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853070/000162828024040340/0001628280-24-040340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853070/000162828024040340/soar-20240909.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-040340

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