Volato Group Inc. has announced developments in its ongoing debt offering under a Securities Purchase Agreement with an institutional investor. The company has issued several 10% original issue discount senior unsecured convertible promissory notes in multiple tranches: - On December 4, 2024, Volato issued the initial tranche note with an original principal amount of $4,500,000. The note was sold for $4,050,000, matures on December 4, 2025, and carries a 10% original issue discount. - On June 13, 2025, the company issued a second tranche note with an original principal amount of $1,500,000, sold for $1,350,000, maturing on June 13, 2026, also with a 10% original issue discount. - On October 16, 2025, Volato issued a fourth tranche note with an original principal amount of $2,220,000, sold for $1,998,000, maturing on October 16, 2026, and featuring a 10% original issue discount. The notes are convertible into shares of the company's Class A common stock. No URL for the full prospectus is provided in the document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Volato Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-018455), on October 17, 2025, and is solely responsible for the information contained therein.
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