Volato Group stock trades around 17 cents with dilution after share sale
Volato Group Inc is selling new shares at just about where the stock traded before Monday’s session. The move puts the spotlight on the share count, not just on cash raised. According to a Form 8-K, Volato agreed to sell 11,038,767 Class A shares at $0.165 apiece. There’s no placement agent or underwriter, and the company expects to bring in $1,821,397.02 in gross proceeds, before fees.
