Volato Group, Inc. entered into a securities purchase agreement with certain accredited investors for a registered direct offering expected to generate gross proceeds of approximately $1.82 million. The company is selling 11,038,767 shares of its Class A common stock. The filing also disclosed the resignation of a director.
Key Details
- Securities Offering: The company will sell 11,038,767 shares of Class A common stock at a purchase price of $0.165 per share, for total gross proceeds of approximately $1,821,397 before expenses.
- Agreement Date: The Securities Purchase Agreement was entered into on June 28, 2026, and is dated as of June 27, 2026.
- Director Resignation: On June 23, 2026, Alan Gaines resigned from the Board of Directors, effective June 24, 2026, to avoid a potential conflict of interest as the company explores strategic alternatives in the AI and digital infrastructure sector.