Volato Group approves 1-for-25 reverse stock split effective Feb 24, 2025; settles $4.7M in payables

Volato Group, Inc.

Reverse split reduces outstanding shares from 46.1M to ~1.84M; no fractional shares, round up to whole share.
Split aims to meet NYSE American minimum bid price requirement; ticker SOAR unchanged, new CUSIP 74349W302.
Feb 12 Board approved split; stockholders previously authorized ratio up to 1-for-25 on Oct 3, 2024.
Settlement with Sunpeak Holdings: SHC agreed to buy $4.7M of vendor payables to exchange for stock.
Volato expects to directly satisfy $1.2M of those payables with cash, not through the settlement agreement.

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