{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-049987","form_type":"8-K","ticker":"SOAR","cik":"0001853070","company_name":"Volato Group, Inc.","filed_at":"2024-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.070269+00:00","generated_at":"2026-05-29T07:24:36.996874+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Volato Group enters $36M convertible note deal; initial $4.5M tranche at 10% OID","bullets":["Issued $4.5M initial convertible Note (purchase price $4.05M, 10% OID) to institutional investor; matures Dec 4, 2025.","Additional tranches up to $30M subject to conditions: shareholder approval within 75 days, trading volume and VWAP thresholds.","Conversion price initially $0.3660/share, subject to reset based on VWAP; floor price initially $0.0732 with periodic resets.","Interest 4% p.a., payable in cash or stock; default rate 18%. 4.99% beneficial ownership limitation (can increase to 9.99%).","Company prohibited from variable-rate transactions while Notes outstanding; covenant to register resale of conversion shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-049987","json":"https://secwatch.observer/filing/0001628280-24-049987.json","markdown":"https://secwatch.observer/filing/0001628280-24-049987.md","text":"https://secwatch.observer/filing/0001628280-24-049987.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853070/000162828024049987/0001628280-24-049987-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853070/000162828024049987/soar-20241204.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T07:24:36.996874+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}