Volato shareholders approve issuance of 20%+ of shares to JAK Opportunities Fund

Volato Group, Inc.

Special meeting held May 7, 2025; 33.45% of shares represented (635,902 of 1,900,893 outstanding).
Proposal 1 approved: 532,457 FOR, 108,300 AGAINST, 3,812 ABSTAIN.
Issuance pursuant to Securities Purchase Agreement dated December 4, 2024 with JAK Opportunities Fund IX LLC.
Adjournment proposal not presented due to sufficient votes for Proposal 1.

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