Volato entered into a Securities Purchase Agreement with certain investors for a registered direct offering of 11,038,767 Class A common shares at $0.165 per share. The company expects gross proceeds of approximately $1.82 million, with closing subject to customary conditions including NYSE American approval of a supplemental listing. No placement agent or underwriter is involved, and no underwriting discounts or commissions will be paid. The agreement includes short-term issuance and filing restrictions and a nine-month prohibition on variable rate transactions.
Agreement details:
- Agreement type: Securities Purchase Agreement for registered direct offering of common stock
- Counterparty: Certain investors
- Signed / Effective: Jun 27 2026 / same
- Duration / Termination: At will
- Reason: Raise capital and strengthen liquidity
Original SEC Filing:
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