Summary by Moomoo AI
On September 3, 2024, Volato Group, Inc. filed a prospectus supplement with the SEC, detailing 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 supplement updates the original prospectus dated April 19, 2024, and includes information from the company's Current Report on Form 8-K filed on September 3, 2024. Additionally, on September 2, 2024, Volato entered into a Material Definitive Agreement with flyExclusive, Inc. (FLYX) for aircraft management services, granting FLYX the right to a potential merger with a subsidiary of FLYX, and a non-exclusive license to Volato's proprietary software. The Agreement has a twelve-month term and includes provisions for consulting services from Volato to FLYX, with the possibility of a merger subject to certain conditions and approvals.
