---
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"
generated_at: "2026-05-29T07:24:36.996874+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Volato Group enters $36M convertible note deal; initial $4.5M tranche at 10% OID

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-049987
- JSON: https://secwatch.observer/filing/0001628280-24-049987.json
- Plain text: https://secwatch.observer/filing/0001628280-24-049987.txt

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