Volato Group Files Prospectus Related To Offer From Time To Time Of Up To 8.1M Shares Of Common Stock By Selling Stockholders
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Volato Group has filed a prospectus with the SEC, indicating that selling stockholders may offer up to 8.1 million shares of common stock from time to time.
January 12, 2024 | 6:59 pm
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Volato Group, which is associated with the ticker symbol SOAR, has filed a prospectus for the potential sale of up to 8.1 million shares by current stockholders.
The filing of a prospectus for the sale of a significant number of shares by stockholders typically suggests an increase in stock liquidity and potential downward pressure on the stock price due to the increased supply of shares available in the market. This can lead to short-term negative impact on the stock price as investors may anticipate dilution or a lack of confidence by selling stockholders.
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