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Volato Group Secures $3 Million in Latest Financing

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Volato Group Secures $3 Million in Latest Financing

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An update from Volato Group ( (SOAR) ) is now available.

Volato Group, Inc. entered into a Securities Purchase Agreement with an institutional investor on December 4, 2024, to issue senior unsecured convertible promissory notes with a 10% original issue discount, convertible into Class A common stock. The agreement involves multiple tranches, with the first tranche closing on December 4, 2024, for $4.5 million, the second on June 13, 2025, for $1.5 million, and the third on July 21, 2025, for $3 million. These financial arrangements are part of Volato’s strategic financing efforts, leveraging exemptions from registration under the Securities Act, and highlight the company’s ongoing capital-raising initiatives.

Spark’s Take on SOAR Stock

According to Spark, TipRanks’ AI Analyst, SOAR is a Underperform.

The overall stock score is primarily impacted by severe financial instability, poor valuation metrics, and recent legal issues. Technical indicators provide no strong positive signals, further contributing to the low score.

To see Spark’s full report on SOAR stock, click here.

More about Volato Group

Average Trading Volume: 1,703,781

Technical Sentiment Signal: Sell

Current Market Cap: $3.66M

See more insights into SOAR stock on TipRanks’ Stock Analysis page.

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