Volato Group (SOAR) Registration Filing summary

Company overview and business model

• Operates in private aviation, offering aircraft ownership programs, charter flights, and management services, with a focus on proprietary aviation software and new technology for aircraft-based cryptocurrency mining.

• Recently transitioned fleet operations management to flyExclusive, aiming to reduce costs and focus on high-growth areas like aircraft sales and software.

• Plans to continue aircraft deliveries, including three Gulfstream G280s in 2025, and generate revenue from software and aircraft sales margins.

Financial performance and metrics

• Received $4,050,000 in gross proceeds from the First Tranche Note and expects $1,350,000 from the Second Tranche Note, both with a 10% original issue discount.

• Proceeds are allocated for general corporate and working capital purposes, with management retaining broad discretion over their use.

• Company is subject to quarterly review by NYSE American to monitor progress toward regaining compliance with minimum stockholders' equity requirements by December 18, 2025.

Use of proceeds and capital allocation

• Net proceeds from the First and Second Tranche Notes are used for general corporate and working capital purposes.

• Management has broad discretion in applying these funds, which may not align with all stockholder preferences.