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.

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