SOAR News & Events

Volato files to sell 6.5M shares of Class A common stock for holders

Volato Group announced that it continues to evaluate multiple unsolicited, non-binding letters of intent related to potential strategic transactions in AI infrastructure and related sectors. The Company also reported that Vaunt annual recurring revenue, ARR, reached approximately $4M as of May 2026, representing approximately 221% year-over-year growth. The Company has not entered into definitive agreements with respect to the LOIs, and no assurance can be given that any discussions will result in a completed transaction. Management is evaluating potential opportunities based on strategic fit, capital requirements, execution risk, shareholder value potential, and the Company's ability to participate in scalable technology and infrastructure markets.

Volato Group announced that it has received notice from NYSE Regulation that NYSE American has accepted the Company's plan to regain compliance with the NYSE American continued listing standards. The acceptance allows Volato's Class A common stock to continue trading on NYSE American while the Company executes its plan and continues its broader financial and strategic stabilization efforts. As previously disclosed, the Company received notice from NYSE American on March 17, 2026 that it was not in compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide as a result of reporting a stockholders' deficit as of December 31, 2025 and losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company was required to submit a plan to the NYSE American by April 16, 2026 outlining actions it has taken or will take to regain compliance with the continued listing standards. On June 3, 2026, NYSE Regulation notified the Company that it had reviewed and accepted the Company's plan of compliance submitted on April 16, 2026. NYSE American has granted the Company a plan period through December 17, 2026 to regain compliance with the applicable continued listing standards. During this period, the Company's common stock will continue to be listed and traded on NYSE American, subject to the Company's compliance with the plan and continued periodic review by NYSE Regulation to determine if the Company is making progress consistent with the plan.