Volato Group, Inc. filed a Form S-1 registration statement for an initial public offering on 2025-05-07. It has amended it 4 times. As of its latest filing, on 2025-05-09, it has not priced the offering or withdrawn it. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our Common Stock is currently listed on the NYSE American under the symbol “SOAR”.From the S-1/A filed 2025-05-09
Shares offered
We are offering (i) 6,849,315 shares of Class A common stock of Volato Group, Inc. (the “Common Stock”) and (ii) Common Warrants to purchase 6,849,315 shares of common stock (“Common Warrants”), at an exercise price of $0.55 per share (representing 100% of the assumed public offering price per share of Common Stock to be sold in this offering), on a best-efforts basis.From the S-1/A filed 2024-07-26
Use of proceeds
We intend to use the net proceeds of this offering, together with our existing cash and cash equivalents for working capital and general corporate purposes, which may include advancing our aircraft sales and ownership program, our aircraft management services, and our charter flights.From the S-1/A filed 2024-07-26
Revenue
We generated total revenue of $46.3 million an increase of $10.7 million, or 30%, compared to the year ended December 31, 2023, primarily related to an increase in aircraft sales of $16.7 million as we took delivery of our first Gulfstream G280;From the S-1/A filed 2025-05-09
Net loss or income
On June 18, 2024, the Company received a notice from the NYSE American (the “Deficiency Letter”) advising the Company that it was not in compliance with the NYSE American continued listing standards set forth in (i) Section 1003(a)(i) of the NYSE American Company Guide (the “Company Guide”) requiring a company to have stockholders’ equity of at least $2.0 million if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years and (ii) Section 1003(a)(ii) of the Company Guide requiring a company to have stockholders’ equity of at least $4.0 million if it has reported losses from continuing operations and/or net losses in three of its four…From the S-1/A filed 2025-05-09
Withdrawal
Pursuant to Rule 477 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), Volato Group, Inc. (the “Registrant”) hereby respectfully requests that the U.S. Securities and Exchange Commission (the “Commission”) consent to the withdrawal, effective as of the date hereof, of the Registrant’s Registration Statement on Form S-1 (File No. 333-278913), together with all exhibits and amendments thereto, initially filed to the Commission on April 24, 2024 (the “Registration Statement”).From the RW filed 2024-12-09
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-07-16 | Registration statement amended | S-1/A |
| 2024-07-23 | Registration statement amended | S-1/A |
| 2024-07-26 | Registration statement amended | S-1/A |
| 2024-12-09 | Request to withdraw a registration (Form S-1) | RW |
| 2025-03-17 | Request to withdraw a registration (names Form S-3, not the IPO registration) | RW |
| 2025-05-07 | Registration statement filed | S-1 |
| 2025-05-09 | Registration statement amended | S-1/A |
| 2026-06-15 | Request to withdraw a registration (names Form S-4, not the IPO registration) | RW |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.