NEW YORK, June 29, 2026, 08:03 EDT
- Volato Group is looking to raise around $1.82 million by offering 11.04 million Class A shares at $0.165 apiece. Shares were quoted near $0.17 before the open.
- The deal comes after a PIPE priced at $0.34 a share in June. Filings show the June financings could add around 17.54 million shares if this latest sale finishes as filed.
- NYSE American was still in early trading at the dateline, with its main session hours from 9:30 a.m. to 4:00 p.m. ET.
Volato Group Inc (NYSEAMERICAN:SOAR) 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.
Google Finance had SOAR at $0.17, flat on the regular session. The pre-market quote was up 0.24%. The site’s page said the stock last closed at 4:00 p.m. ET on June 26. Volume showed 79.57 million shares, more than double the 35.24 million average volume shown on the page.
The new deal brings in less cash than last week’s PIPE but puts out more shares. Volato said on June 22 that it closed a $2.2 million PIPE at $0.34 per share and issued 6.5 million shares. The latest price of $0.165 is about 51.5% lower than that PIPE level, and this time, the company is selling around 70% more shares.
| Deal | Shares | Price | Gross proceeds | Read-through |
|---|---|---|---|---|
| June PIPE | 6.50 million | $0.34 | About $2.2 million | Completed |
| New registered direct | 11.04 million | $0.165 | About $1.82 million | Subject to closing terms |
| Change | Shares up 69.8% | Price down 51.5% | Proceeds off 17.6% | Buyers get more shares, company raises less |
The dilution gets starker in light of fresh share count numbers in the filings. Catheter Precision Inc (NYSEAMERICAN:VTAK) said June 26 that Volato had 39,336,982 shares outstanding after the PIPE. If you tack on the new 11,038,767 shares, Volato’s total rises to roughly 50.38 million shares out, before other changes. That means the two equity deals in June add up to about 53% of the share count before the first PIPE.
| Share-count marker | Shares |
|---|---|
| Estimated pre-June PIPE | 32.84 million |
| Post-June PIPE, per 13G | 39.34 million |
| Pro-forma including new direct sale | 50.38 million |
| Total new shares from June rounds | 17.54 million |
| Rise from pre-PIPE inferred level | 53.4% |
That’s key since the shares are moving like a micro-cap that’s raising cash. Google Finance lists Volato’s market cap at $5.11 million, with a 52-week range between $0.12 and $3.87. At $0.17 a share, a $1.82 million capital raise is significant compared to what investors see as its market value.
| Instrument | Latest shown | Move shown |
|---|---|---|
| Volato Group Inc (NYSEAMERICAN:SOAR) | $0.17 | up 0.24% before the bell |
| SPDR S&P 500 ETF Trust (NYSEARCA:SPY) | $728.99 | down 0.50% |
| iShares Russell 2000 ETF (NYSEARCA:IWM) | $299.83 | off 0.15% |
The filing lays out two short-term restraints for investors. Volato won’t issue or commit to issue more common stock or equivalents for 30 days after close. The company also won’t enter any variable-rate deals for nine months, with some exceptions. Volato will also reimburse investor costs up to $25,000.
Volato is now pitching its capital plans as an AI play after coming out of aviation. In a June 22 statement, CFO Mark Heinen said the previous PIPE gave Volato “additional capital flexibility” and cited “disciplined capital allocation.” Volato, Inc.
Volato CEO Matt Liotta said June 15 the company is looking over several non-binding letters of intent tied to AI infrastructure and related fields. “Our job now is to separate what is interesting from what is executable,” Liotta said. Volato also reported Vaunt annual recurring revenue hit about $4.0 million as of May, a jump of roughly 221% from a year ago. Volato, Inc.
Volato said director Alan Gaines resigned from the board on June 24, after telling the company he runs a digital infrastructure firm that could count as a possible rival. The move came as Volato reviews AI and digital infrastructure opportunities. The company said in a filing that Gaines didn’t leave because of a dispute with management or the board.
Volato got more time from NYSE American to fix its listing issues, with the exchange accepting the company’s compliance plan. Volato, which is working through losses and a stockholders’ deficit, has until Dec. 17, 2026 to meet NYSE American rules again. If the company can’t show improvement or get back in line, NYSE Regulation could move to delist.
