Volato Group signs $1 billion equity line of credit with DFU LLC
SOAR•Volato Group established an equity line of credit with DFU LLC to sell up to $1 billion of newly issued Class A common stock. Sales can begin after a resale registration statement becomes effective and continue for 36 months.
1. Credit line terms
Volato can sell shares at its discretion for 36 months after the resale registration statement becomes effective. Issuance is capped at 19.99% of outstanding common stock without prior stockholder approval under NYSE American rules; the company can issue up to two put notices per trading day, limited to $6 million in aggregate daily, at formula-based pricing with a $0.21 floor, subject to adjustment for stock splits or similar actions.
