Volato Group, Inc. (SOAR) Form 8-K — Oct 9, 2026
Volato Group entered a Common Stock Purchase Agreement with DFU, LLC on October 8, 2026 establishing a $1 billion equity line of credit, letting the company sell newly issued Class A shares over a 36-month investment period at its sole discretion. As commitment consideration, Volato will issue DFU 3,646,974 common shares plus 13,058 Series B preferred shares convertible into roughly 56.5 million common shares at an initial $0.2742 conversion price. Put pricing uses discounted formulas (including 95% of lowest-traded-price or VWAP measures) subject to a $0.21 floor price, meaning shares sold under the facility could be issued at deep discounts to market.
Key figures
- Debt Amount
- 0
- Floor price
- $0.21
- Exchange cap
- 19.99% of outstanding shares
- Eloc capacity
- $1,000,000,000
- Max primary put
- $2,000,000
- Max put per day
- $6,000,000
- Commitment shares
- 3646974
- Investment period months
- 36
- Series b conversion ratio
- 4,329 shares per preferred share
- Series b preferred shares
- 13058
- Beneficial ownership limit
- 4.99%
- Shares underlying series b
- 56528082
- Series b stated value per share
- $1,187.0118
- Series b initial conversion price
- $0.2742
AI analysis
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