On March 17, 2026, Volato Group, Inc. (NYSE American: SOAR) received a notice from the NYSE American LLC indicating that the company is not in compliance with the continued listing standards. Specifically, the notice cites the requirements set forth in Section 1003(a)(i) and Section 1003(a)(ii) of the NYSE American Company Guide, which mandate that a company must maintain stockholders' equity of at least $2.0 million or $4.0 million, respectively, depending on its financial performance over recent fiscal years. The company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, which triggered this notice.

Volato Group is required to submit a plan by April 16, 2026, outlining the actions it will take to regain compliance with the NYSE American's continued listing standards by December 17, 2026. If the plan is not accepted, delisting proceedings may commence. However, the notice does not have an immediate impact on the trading of Volato's common stock, which will continue to be listed under the ticker 'SOAR' during the nine-month compliance period, provided the company adheres to other listing standards.

Additionally, the company's recent Annual Report on Form 10-K disclosed an explanatory paragraph from its independent registered public accounting firm regarding substantial doubt about its ability to continue as a going concern. This situation does not represent a qualification, adverse opinion, or disclaimer of opinion, but it highlights the financial challenges the company faces. Volato Group remains committed to regaining compliance with the NYSE American's standards but acknowledges that it cannot guarantee success within the specified timeframe.

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