Announces Closing of an Additional $12 Million of Combined Investments to Fund Business Operations and Grow Volato Fleet Follows PROOF Stockholders' Approval of the Business Combination with Volato at Special Meeting on November 28, 2023 Shares and Warrants to Trade on the NYSE under the Symbols "SOAR" and "SOAR.WS" Volato, Inc., ("Volato") a leading private aviation company in the United States, and PROOF Acquisition Corp I (NYSE:PACI) ("PACI") today announced the completion of their business combination (the "Business Combination"). The combined company will now operate under the Volato brand, and its common stock and warrants will commence trading on December 4, 2023 on the New Yor

PROOF Acquisition Corp I (NYSE:PACI) ("PACI" and, after the consummation of its pending business combination (the "Business Combination") and following its name change to Volato Group, Inc., "Volato") today announced that, upon completion of the Business Combination, shares of Volato common stock and warrants will be listed on NYSE American LLC ("NYSE American"). The Company's decision to transfer to the NYSE American was driven by a number of factors, including more favorable listing standards. Trading is expected to begin on NYSE American on or about December 4, 2023, under the new ticker symbols "SOAR" and "SOAR.WS" for Volato common stock and warrants, respectively, following the cons

PROOF Acquisition Corp I (NYSE:PACI) ("PACI") today announced that its stockholders voted to approve the previously announced business combination with Volato, Inc. a leading private aviation company in the United States, at the special meeting of stockholders (the "Special Meeting") held on November 28, 2023. Approximately 97% of the votes cast at the Special Meeting were cast in favor of the approval of the Business Combination. The closing of the Business Combination is anticipated to occur on or before December 1, 2023. Following the closing, the publicly listed company will be named Volato Group, Inc., and its shares of Class A Common Stock are expected to begin trading on the NYSE A

PACI stockholders may vote via the internet at www.cstproxyvote.com (votes submitted over the internet must be received by 11:59 p.m., Eastern Time, on Nov. 27, 2023), by mail or at the meeting at https://www.cstproxy.com/proof-paci/sm2023. For assistance voting your shares, please contact Alliance Advisors, LLC, PACI's proxy solicitor, at (888) 511-2609 or via email at [email protected], VA / ACCESSWIRE / November 21, 2023 / PROOF Acquisition Corp I ("PACI") (NYSE:PACI), a special purpose acquisition company, announced today that it filed a definitive proxy statement with the Securities and Exchange Commission ("SEC") on Nov. 13, 2023, for its special meeting of stockholders

Keith Rabin promoted to President of Volato; will lead new Commercial Team In a move that underscores its pace of growth and strategic foresight, Volato, one of the fastest-growing private aviation companies in the United States, today announced a reorganization of its leadership team. This action is being taken just two years after the company took delivery of its first HondaJet and is part of the company's long-term strategic plan to more than double its fleet in the next two years. "As a rapidly scaling company, it's tempting to focus solely on meeting the immediate demands of growth," said Matt Liotta, Co-Founder and CEO of Volato. "However, we understand the importance of maturatio

Company incorporates key benefit of Volato Stretch into the Volato Insider Program Volato, an innovator in private aviation, announced today it was awarded the Robb Report Best of the Best 2023 in the Jet Card category for the Volato Stretch Jet Card. The Volato Stretch Jet Card is the first and only private aviation offering which rewards itinerary flexibility with bonus time called ‘Stretch Credits'. When requesting a flight, the card holder requests their departure time and airport. If the confirmed itinerary varies from the requested departure time or airport, they are rewarded with Stretch Credits: fractions of hours deposited into their Stretch Jet Card wallet, thus stretching the

Volato is a full-service private aviation company operating a floating fleet of private jets across the United States with programs including fractional ownership, jet card and deposit programs, aircraft management services, and on-demand charter Volato and PROOF Acquisition Corp I (NYSE:PACI) have entered into a business combination agreement Volato has a track record of strong growth with 2022 revenue of nearly $100 million Business combination values Volato at a pre-transaction equity value of $190 million and is expected to provide $25 million in additional proceeds Business combination proceeds will allow Volato to continue its growth, better serve customers, and accelerate its

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Volato is a full-service private aviation company operating a floating fleet of private jets across the United States with programs including fractional ownership, jet card and deposit programs, aircraft management services, and on-demand charter Volato and PROOF Acquisition Corp I (NYSE:PACI) have entered into a business combination agreement Volato has a track record of strong growth with 2022 revenue of nearly $100 million Business combination values Volato at a pre-transaction equity value of $190 million and is expected to provide $25 million in additional proceeds Business combination proceeds will allow Volato to continue its growth, better serve customers, and accelerate its stra