ZombieIndustrials
What Happened to Volato Group?
Ticker: SOARSPAC Year: 2021
Return
-97.0%
Current Price
$0.3
Peak Price
$777.09
Trust Size
$12M
Summary
Volato Group is a private aviation company offering fractional ownership of HondaJet aircraft, on-demand charter services, and aircraft management for the light jet market.
What Happened
Volato Group went public in December 2023 through a merger with PROOF Acquisition Corp. The company operates HondaJet aircraft and offers fractional ownership programs targeting the light jet segment of private aviation. Volato has struggled as a public company, facing operating losses and the stock has fallen sharply from its debut price.
Timeline
2021-11-23
S-1 Registration Filed
Risk Indicators
⚠️ Reverse Split