Volato has officially completed a special purpose acquisition company (SPAC) merger with PROOF Acquisition Corp I (PACI), clearing the way for the private aviation company to go public.
Volato, which offers fractional ownership, aircraft management, jet card, deposit, and charter programs, announced its plans to become a publicly traded company last August. PACI shareholders approved the move at a special shareholders meeting on November 28. Volato’s common stock and warrants are set to begin trading on the New York Stock Exchange on December 4.
