Volato Group, Inc.

Proof Acquisition Corp I (Nasdaq: PACI), sponsored by Proof Acquisition LLC, completed its initial public offering in 2021 with a focus on the technology and innovation sectors. The blank-check company subsequently entered into a definitive business combination agreement with Volato Group, Inc., a private aviation services firm specializing in fractional aircraft ownership and on-demand charter operations. As reflected in PACI's August 2022 Form 10-Q filing, the proposed transaction was advancing through the customary regulatory and shareholder approval process. The de-SPAC combination with Volato represented a play on the growing demand for flexible private air travel solutions. Sign up for full data on SpacDesk to access PACI's complete filing history, deal timeline, and sponsor analytics.