Volato (SOAR) Group announced the withdrawal of its S-1 registration statement. This decision reflects the company’s continued progress in strengthening its financial position, marking another milestone in its turnaround efforts. The company remains on track to deliver positive net income in Q4 driven by strategic initiatives that have already resulted in improved financial performance. In the third quarter, Volato reported $40.3M in revenue, up $36.6M year-over-year, and achieved a positive Adjusted EBITDA of $3.2M These results highlight the success of the company’s efforts to enhance operational efficiency and financial health. “Withdrawing the S-1 validates the strength of our turnaround, reinforcing that our approach is working and delivering meaningful results for investors,” said Matt Liotta, CEO of Volato Group. “This action underscores our belief in the company’s ability to meet its financial goals, ensuring long-term value creation for our shareholders.” Volato’s ongoing improvements, including its continuing partnership with flyExclusive and targeted cost management, reflect the company’s commitment to enhancing shareholder value while continuing to meet customer needs with excellence and reliability.
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