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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Volato Group, Inc.: Approved a 1-for-25 reverse stock split of Class A common stock, amending the Certificate of Incorporation (effective 2025-02-24).

Change: charter amendment
Effective: 2025-02-24

Exact text from the filing

On February 12, 2025, the Board unanimously approved a reverse stock split of the Company’s Common Stock, at a ratio of 1-for-25 (the “Reverse Stock Split”).

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27 governance changes filed in the last 30 days. Browse all governance changes →

Volato Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-005689

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