Volato Group, Inc Announces Plan of Compliance Accepted by NYSE American
ATLANTA–(BUSINESS WIRE)–Volato Group, Inc (“Volato,” or the “Company”) (NYSE American: SOAR), today announced that the NYSE American LLC (the “NYSE American”) has accepted the Company’s plan of compliance for continued listing on the exchange. As previously reported, on June 18, 2024, the Company received a notice (the “notice”) from the NYSE American LLC (the “NYSE American”) advising the Company that it is not in compliance with the NYSE American continued listing standards set forth in Sec. XXX.
Company’s Response to NYSE American Acceptance
Volato Group, Inc has been working diligently to address the issues raised by the NYSE American and is pleased to announce that the exchange has accepted the Company’s plan of compliance. This acceptance is a positive step for Volato and demonstrates our commitment to upholding the highest standards of corporate governance and financial transparency.
Impact on the Company
The acceptance of Volato’s plan of compliance by the NYSE American ensures that the Company will continue to be listed on the exchange, providing stability and confidence to investors and stakeholders. By addressing the concerns raised by the exchange, Volato is positioning itself for future growth and success in the marketplace.
Impact on Individuals
As a shareholder or potential investor in Volato Group, Inc, the acceptance of the Company’s plan of compliance by the NYSE American is a positive development. It signals that the Company is taking proactive steps to maintain its listing on the exchange, which could help bolster investor confidence and potentially lead to increased share value in the future.
Impact on the World
While the acceptance of Volato’s plan of compliance by the NYSE American may have a limited direct impact on the world at large, it is a reflection of the importance of regulatory compliance and good corporate governance practices in the business world. By ensuring that companies adhere to listing standards and regulations, exchanges like the NYSE American help maintain market integrity and investor trust.
Conclusion
In conclusion, the acceptance of Volato Group, Inc’s plan of compliance by the NYSE American is a positive development for the Company, its investors, and the broader marketplace. By addressing the issues raised by the exchange and maintaining its listing on the NYSE American, Volato is positioning itself for continued success and growth in the future.
