Volato Group, Inc. (SOAR): Nasdaq/NYSE listing notice — Volato receives NYSE warning for issuing 16M shares without approval; says resolved

Volato Group, Inc.

NYSE warned Volato for violating Sections 301 and 713 by issuing ~16M shares between Nov-Dec 2024 without prior listing approval or shareholder vote.
Shares were issued under a Settlement Agreement dated November 4, 2024, equal to 20%+ of outstanding stock at below book/market value.
Company says matter resolved after filing Form 8-K and press release; implementing additional controls to prevent future violations.
NYSE Regulation cautioned that further non-compliance may lead to delisting proceedings.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Volato Group, Inc. received a nyse_american deficiency notice notice regarding other (rules 301, 713).

Exchange: nyse american
Notice: deficiency notice
Rules: 301, 713

Exact text from the filing

December 19, 2024, Volato Group, Inc. (the “Company”) received from NYSE Regulation a Warning Letter (the “Letter”) as provided under Section 1009(a) of the NYSE American LLC ("NYSE American") Company Guide (the “Company Guide”) describing violations by the Company of Sections 301 and 713 of the Company Guide. Section 301 of the Company Guide prohibits a listed company from issuing, or authorizing its transfer agent or registrar to issue or register, additional securities of a listed class until it has filed an application for the listing of such additional securities and received notification

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2 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Volato Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-052382

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