Summary by Moomoo AI
Volato Group, Inc. held a Special Meeting on October 3, 2024, which was virtually attended by approximately 57.3% of the eligible voting shareholders. During the meeting, several key proposals were voted upon, including a Reverse Stock Split, an increase in the number of authorized shares of Class A Common Stock, allowing stockholders to act by written consent, reducing the quorum requirement, and approving an adjournment of the meeting if necessary. All proposals were ratified with varying degrees of shareholder support. The Reverse Stock Split and the increase in authorized shares received a significant majority, while the written consent and quorum reduction proposals saw a closer margin. The meeting followed a proxy solicitation filed with the SEC on September 4, 2024. Additionally, Volato Group has filed a prospectus supplement on October 8, 2024, to update information in the prospectus dated April 19, 2024, which includes the offering and sale of up to 23,318,122 shares of Common Stock and Warrants by the Selling Stockholders.
