---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-046703"
form_type: "8-K"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:59:29.371508+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-046703
- form_type: 8-K
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853070/000162828024046703/0001628280-24-046703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000162828024046703/soar-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-046703
- JSON: https://secwatch.observer/filing/0001628280-24-046703.json
- Plain text: https://secwatch.observer/filing/0001628280-24-046703.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.