Volato settles $4.7M payables with stock issuance to Sunpeak Holdings

Volato Group, Inc.

Settlement converts ~$4.7M in outstanding payables into shares priced at Nov 4 closing price; court-approved under Section 3(a)(10).
SHC receives 100,000 freely trading shares as settlement fee, plus additional shares for the Claims at the closing price.
Default triggers: stock price ≤$0.05 or 30-day avg volume ≤50k shares gives either party right to declare default.
SHC's beneficial ownership capped at 4.99% of Volato common stock at any time.
Florida court (Case No. 2024 CA 1733) confirmed fairness of the settlement and share issuance on Nov 6, 2024.

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