Volato Group, Inc. Files Form 8-K With SEC After Special Meeting Adjournments

Strategic Insights -

On April 15, 2025, Volato Group, Inc. convened its special meeting of stockholders to vote on two proposals. However, due to insufficient quorum, the special meeting was adjourned until May 6, 2025. Following the reconvened special meeting, which was held at 4:30pm Eastern Time on May 7, 2025, the company filed a Form 8-K with the U.S. Securities and Exchange Commission. As of the record date, March 18, 2025, there were 1,900,893 shares of the Company's common stock outstanding and entitled to vote.

Key Takeaways:

  • On April 15, 2025, Volato Group, Inc. convened its special meeting of stockholders to vote on two proposals, but due to insufficient quorum, the meeting was adjourned until May 6, 2025.
  • The reconvened special meeting was held at 4:30pm Eastern Time on May 7, 2025, and the company announced that the special meeting would reconvene at the same virtual meeting link: www.virtualshareholdermeeting.com/SOAR2025SM.
  • As of the record date, March 18, 2025, there were 1,900,893 shares of the Company's common stock outstanding and entitled to vote.
  • A total of 623,364 shares of the Company's common stock, representing approximately 32.79% of the shares outstanding and entitled to vote, were represented in person or by valid proxies at the reconvened special meeting.
  • The company has not yet completed the voting process, and the proposals remain undecided.
  • The Company has disclosed potential risks and uncertainties related to the meeting, including the possibility of failing to establish a quorum or comply with continued listing requirements.
  • Volato Group, Inc. has filed its Form 8-K with the SEC on May 7, 2025, as required by law.

Statistics:

  • 1,900,893: Total number of shares of the Company's common stock outstanding and entitled to vote as of the record date, March 18, 2025.
  • 502,595: Number of shares of the Company's common stock represented in person or by valid proxies at the initial special meeting on May 6, 2025, representing approximately 26.44% of the shares outstanding and entitled to vote.
  • 623,364: Number of shares of the Company's common stock represented in person or by valid proxies at the reconvened special meeting on May 7, 2025, representing approximately 32.79% of the shares outstanding and entitled to vote.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
  • FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  • VOLATO GROUP, INC. (Exact name of registrant as specified in its charter)
  • Registration statement filed by the registrant under the Securities Act of 1933, as amended
  • 2025 Proxy Statement
  • Volato Group, Inc. Annual Report on Form 10-K filed with the SEC, as updated by the Company's subsequent reports and filings with the Securities and Exchange Commission.