Summary by Moomoo AI
Volato Group, Inc. filed a prospectus supplement on May 16, 2024, updating information contained in the April 19, 2024 prospectus with details from the Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024. The supplement, filed with the SEC, includes the offer and sale of up to 8,092,122 shares of common stock, 15,226,000 warrants, and up to 15,226,000 shares of common stock issuable upon the exercise of warrants by selling stockholders. The prospectus supplement is part of a Registration Statement on Form S-1 and supplements the prospectus dated April 19, 2024. The attached Form 10-Q reveals a net loss of $17.4 million for the quarter, with a total revenue of $13.2 million, a decrease from the previous year's quarter. The company's financial statements show a negative working...Show More
