debt
confidence high
sentiment neutral
materiality 0.50
Volato Group issues $3M third tranche convertible note under existing SPA
Volato Group, Inc.
- Third tranche 10% OID senior unsecured convertible note; principal $3M, purchase price $2.7M, matures July 21, 2026.
- Combined issued principal under SPA now $9M ($4.5M Dec 2024, $1.5M June 2025, $3M July 2025).
- Note convertible into Class A common stock; issued to an institutional accredited investor under Reg D exemption.
- Debt represents additional financing under December 2024 Securities Purchase Agreement with the same buyer.
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