Business
Volato Announces Receipt of Continued Listing Standards Notice From NYSE American
ATLANTA, March 20, 2026--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR) today announced that on March 17, 2026, it received a notice (the "notice") from the NYSE American LLC (the "NYSE American") advising the Company that it is not in compliance with the NYSE American continued listing standards set forth in Section 1003(a)(i) of the NYSE American Company Guide (the "Company Guide") requiring a company to have stockholders’ equity of at least $2.0 million if it has reporte
About this update from Volato Group, Inc.
[{"type":"text","content":"ATLANTA, March 20, 2026--(BUSINESS WIRE)--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR) today announced that on March 17, 2026, it received a notice (the "notice") from the NYSE American LLC (the "NYSE American") advising the Company that it is not in compliance with the NYSE American continued listing standards set forth in Section 1003(a)(i) of the NYSE American Company Guide (the "Company Guide") requiring a company to have stockholders’ equity of at least $2.0 million if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years and Section 1003(a)(ii) of the Company Guide requiring a company to have stockholders’ equity of at least $4.0 million if it has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company must submit a plan (the "Plan") by April 16, 2026 to the NYSE American outlining actions it has taken or will take to regain compliance with the continued listing standards by December 17, 2026. If the Plan is not permitted or the Plan is not accepted, delisting proceedings will commence.","length":1214,"tagName":"p"},{"type":"text","content":"The notice has no immediate impact on the listing of Volato’s shares of common stock on the NYSE American. Volato’s common stock will continue to be listed and traded on the NYSE American under the ticker "SOAR", during the nine-month period allotted for the Company to regain compliance, subject to the Company’s compliance with the other continued listing standards of the NYSE American.","length":399,"tagName":"p"},{"type":"text","content":"The notice does not affect the Company’s ongoing business operations or its reporting requirements with the Securities and Exchange Commission (the "SEC").","length":165,"tagName":"p"},{"type":"text","content":"Volato is committed to regaining compliance with the NYSE American’s continued listing standards but cannot guarantee that it will regain compliance within the allotted period of time.","length":184,"tagName":"p"},{"type":"text","content":"Also, as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, the independent registered public accounting firm’s report includes an explanatory...