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Volato Announces Closing of Business Combination with PROOF Acquisition Corp I; Secures Additional Equity Financing

Retrieved on:

Friday, December 1, 2023

Transportation, Air, Transport, Travel, LSH, Roth Capital Partners, NYSE, Business analyst, LLP, Investment, New York Stock Exchange, Steptoe & Johnson, NYSE American, PACI, Security (finance), Volato Aeronaves

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”).

Key Points:

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”).
Concurrent with the closing of the Business Combination, PACI also announced the closing of an additional $12 million of private investments, which, along with the $14 million in Series A Preferred Equity financing completed since July 2023, were converted to common stock at the time of the closing of the Business Combination.
Including these transactions and the conversion of Volato convertible debt, the total capital raised exceeds $60 million.
Matt Liotta, CEO & Co-Founder of Volato commented, “This is an exciting milestone for Volato, our customers, and our investors.

PROOF Acquisition Corp I Announces Intention to Transfer to NYSE American LLC Upon Completion of Business Combination with Volato

Retrieved on:

Thursday, November 30, 2023

Finance, Banking, Professional Services, Other Professional Services, Asset Management, PACI, NYSE American, NYSE, Business analyst, Volato Aeronaves

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”).

Key Points:

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 consummation of the Business Combination, which is currently expected to occur on or about December 1, 2023.
No action is required by existing PACI shareholders or warrantholders with respect to the ticker symbol or exchange listing change.

PROOF Acquisition Corp I Stockholders Approve Previously Announced Business Combination with Volato

Retrieved on:

Wednesday, November 29, 2023

Public Transport, Air, Transport, Other Transport, NYSE American, NYSE, Special, Business analyst, LLP, SOAR, Steptoe & Johnson, Volato Aeronaves, PACI, Common

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.

Key Points:

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.
BTIG, LLC and Roth MKM are serving as financial advisors to Volato, Inc. Womble Bond Dickinson (US) LLP is serving as legal advisor to Volato, Inc. Steptoe & Johnson LLP is serving as legal advisor to PROOF Acquisition Corp I. Lowenstein Sandler LLP is serving as legal advisor to PROOF.vc.

Volato Announces Strategic Reorganization to Fuel Sustained Growth and Business Maturity

Retrieved on:

Thursday, September 14, 2023

"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.

Key Points:

"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.
Today’s announcement demonstrates our commitment to evolving our business structure, optimizing operations, and setting new benchmarks for excellence in private aviation."
Keith Rabin, who has ably served as CFO of Volato, has been promoted to the role of President.
James Cuff, Vice President of Marketing and Business Development at Volato, has 25 years of experience in global consumer brand marketing.

Volato, an Innovator in Private Aviation, to Become a Public Company via Business Combination with PROOF Acquisition Corp I

Retrieved on:

Wednesday, August 2, 2023

Volato, an innovator in private aviation, announced today that it has entered into a business combination agreement with PROOF Acquisition Corp I (“PACI”) (NYSE: PACI), a Special Purpose Acquisition Company, that will result in Volato becoming a publicly traded company.

Key Points:

Volato, an innovator in private aviation, announced today that it has entered into a business combination agreement with PROOF Acquisition Corp I (“PACI”) (NYSE: PACI), a Special Purpose Acquisition Company, that will result in Volato becoming a publicly traded company.
Since inception, our team has consistently exceeded its goals, including generating nearly $100 million in revenue in FY 2022.
We were also attracted to Volato’s innovative yet simple business model, set within a highly regulated, traditional industry which is ripe for disruption.
The company now has 18 HondaJets in fleet with a further 23 on firm order from Honda Aircraft Company.

InventHelp Inventor Develops New Pacifier Accessory for Babies (DCD-247)

Retrieved on:

Friday, June 9, 2023

Parent, HOOK, Sale, PACI, Multimedia, LINK, Birth control

My unique design would help keep the baby's pacifier close by and clean."

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My unique design would help keep the baby's pacifier close by and clean."
The patent-pending invention provides an effective accessory for a pacifier.
In doing so, it offers an improved alternative to traditional pacifier leashes or tethers.
As a result, it prevents the pacifier from falling or dropping on the floor or ground.

InventHelp Inventor Develops New Baby Pacifier Accessory (FJK-383)

Retrieved on:

Friday, April 28, 2023

Parent, Sale, PACI, Multimedia, Frustration, Toy

My design would save time and effort when searching for a missing pacifier."

Key Points:

My design would save time and effort when searching for a missing pacifier."
The patent-pending invention provides an effective way to locate a lost or misplaced baby pacifier.
In doing so, it eliminates the hassle of searching for the pacifier.
The original design was submitted to the Fort Lauderdale sales office of InventHelp.

Dr. Susan Love Foundation for Breast Cancer Research Hosts 3rd Annual Love is in the Air

Retrieved on:

Thursday, February 16, 2023

LOS ANGELES, Feb. 16, 2023 /PRNewswire/ -- Dr. Susan Love Foundation for Breast Cancer Research is delighted to announce the 3rd Annual Love is in the Air Luncheon celebration.

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LOS ANGELES, Feb. 16, 2023 /PRNewswire/ -- Dr. Susan Love Foundation for Breast Cancer Research is delighted to announce the 3rd Annual Love is in the Air Luncheon celebration.
The annual Love is in the Air luncheon brings together persons affected by breast cancer, their supporters and champions dedicated to a world without breast cancer.
As the Founding Scientific Director of the Breast Cancer Research Foundation, Dr. Norton is involved in collaborations with BCRF investigators on projects aimed at improving treatments in breast cancer, and advancing understanding of metastatic breast cancer.
The Foundation invites all to attend and celebrate LOVE and honor those dedicated to ending breast cancer.

Parker Health Group and VNA Health Group Partner on New Advanced Care Institute

Retrieved on:

Thursday, January 13, 2022

MPH, Association, VNA, Patient, ACI, State, MSN, RN, Population, Partnership, Ageing, Growth, CEO, Volunteering, Leadership, Health, Trustee, VPS, PACI, Caregiver, Community, NJ, Doctor of Education, Life, Organization, Physician, Board, Medicine, Management, Parker

HOLMDEL, N.J., Jan. 13, 2022 /PRNewswire/ --Parker Health Group, Inc. and Visiting Nurse Association Health Group, Inc. have announced a partnership to launch the Parker Advanced Care Institute at VNAHG, Inc. (PACI).

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HOLMDEL, N.J., Jan. 13, 2022 /PRNewswire/ --Parker Health Group, Inc. and Visiting Nurse Association Health Group, Inc. have announced a partnership to launch the Parker Advanced Care Institute at VNAHG, Inc. (PACI).
Over the last three years, Parker has awarded a series of grants to help fund the growth and expansion of VNAHG's Advanced Care Institute (ACI).
Under this partnership, both organizations will share equal membership and leadership of the newly formed Parker Advanced Care Institute at VNAHG, Inc.
"We are incredibly honored to be working with Parker on the new Parker Advanced Care Institute at VNAHG.
PACI's holistic service model includes care coordination, specialty services and support, advanced care planning, in-home palliative care, and medical advocacy.

PROOF Acquisition Corp I Announces Closing of $276 Million Initial Public Offering

Retrieved on:

Friday, December 3, 2021

Security (finance), PACI, Sale, Risk, Industry, Forward-looking statement, Acquisition, NYSE, Exercise, New, SEC, 3rd Floor, U.S. Securities and Exchange Commission, PAC, Prospectus, Attention, GLOBE, BofA Securities

RESTON, Va., Dec. 03, 2021 (GLOBE NEWSWIRE) -- PROOF Acquisition Corp I (the "PAC I") announced today the closing of its initial public offering of 27,600,000 units, which included the full exercise of the underwriter's over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of $276,000,000.

Key Points:

RESTON, Va., Dec. 03, 2021 (GLOBE NEWSWIRE) -- PROOF Acquisition Corp I (the "PAC I") announced today the closing of its initial public offering of 27,600,000 units, which included the full exercise of the underwriter's over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of $276,000,000.
The units began trading on the New York Stock Exchange ("NYSE") under the ticker symbol "PACI.U" on December 1, 2021.
BofA Securities served as the sole book-running manager for the offering.
No assurance can be given that the net proceeds of the offering will be used as indicated.