Volato receives demand letter from Sunpeak alleging breach of settlement agreement over $1.1M remaining claims

Volato Group, Inc.

On June 6, 2025, Volato received demand from SHC alleging material breach of November 2024 settlement agreement.
SHC claims Volato's issuance of shares to JAK Opportunities and public disclosures constituted breach and misrepresentations.
Approximately $1.1M of Claims remain outstanding after $2.2M resolved, $1.2M cash paid, and $275K canceled.
Company and JAK believe allegations without merit and intend to vigorously defend.
NYSE previously determined Volato violated listing rules by issuing 639,720 shares without approval, preventing further share issuance.

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