Summary by Moomoo AI
Volato Group, Inc. has filed a prospectus supplement on August 16, 2024, to update and supplement information regarding 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 the warrants by selling stockholders. This follows the original prospectus dated April 19, 2024, and includes information from the company's Current Report on Form 8-K filed on August 16, 2024. Additionally, Volato Group, Inc. has completed a sale and leaseback transaction involving one Gulfstream G280 jet for $20 million on August 9, 2024, with TVPX Aircraft Solutions, Inc. The company has also entered into a 3-month lease agreement for the aircraft with monthly rental payments of $266,666 and retains a repurchase option. The transaction included an amendment to the Aircraft Pre-Delivery Payment Promissory Notes, which were repaid in full upon delivery of the aircraft.
