debt
confidence high
sentiment neutral
materiality 0.50
Volato issues $1.5M second tranche convertible note under existing SPA
Volato Group, Inc.
- Second tranche note issued for $1.5M original principal, sold at 10% OID for $1.35M.
- Note matures June 13, 2026; same terms as initial $4.5M first tranche issued Dec 2024.
- Transaction closed June 13, 2025; proceeds used for general corporate purposes.
- Note is senior unsecured and convertible into Class A common stock at $0.0001 par.
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