Business
Volato Group Announces Declaration of flyExclusive Stock Dividend to Shareholders
ATLANTA, December 16, 2025--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR), today announced that on December 15, 2026, its Board of Directors approved a stock dividend of shares of flyExclusive, Inc. (NYSE American: FLYX) ("flyExclusive") to Volato shareholders.
About this update from Flyexclusive, Inc.
[{"type":"text","content":"ATLANTA, December 16, 2025--(BUSINESS WIRE)--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR), today announced that on December 15, 2026, its Board of Directors approved a stock dividend of shares of flyExclusive, Inc. (NYSE American: FLYX) ("flyExclusive") to Volato shareholders.","length":331,"tagName":"p"},{"type":"text","content":"Under the terms of the dividend, Volato shareholders of record as of December 26, 2025 will receive approximately 0.0348 shares of flyExclusive common stock for each share of Volato Class A common stock held on the record date, which was estimated based on the current number of issued and outstanding shares of Volato Class A common stock and the number of shares of common stock underlying convertible notes on an as converted basis. The dividend distribution is expected to occur shortly thereafter, subject to applicable regulatory and exchange requirements, including the effectiveness of the registration statement on Form S-3 filed by flyExclusive with the SEC (File No. 333-291052), which will register the flyExclusive shares for resale.","length":746,"tagName":"p"},{"type":"text","content":"No fractional shares of flyExclusive common stock will be issued. Instead, shareholders entitled to fractional shares will receive a cash payment in lieu of any fractional share. Volato is coordinating with its transfer agent, Continental Stock Transfer & Trust Company ("Continental"), on the mechanics of the dividend distribution, including to determine the applicable broker’s cut-off date, to ensure a seamless process.","length":438,"tagName":"p"},{"type":"text","content":"This dividend reflects Volato’s continuing efforts to enhance shareholder value through strategic alignment with key partners in the private aviation and technology sectors. flyExclusive, a leading provider of premium private jet charter and aircraft management services, completed its initial public offering and listing under the ticker "FLYX" in December 2023.","length":373,"tagName":"p"},{"type":"text","content":""We are pleased to deliver this dividend to our shareholders, further demonstrating Volato’s commitment to maximizing shareholder value. The distribution of flyExclusive stock provides our investors with direct participation in a company that shares our...