Volato, a private jet company, announced on March 20, 2026, that it received a notice from the NYSE American stock exchange on March 18, 2026, indicating the company is not in compliance with continued listing standards. The notice specifically cites the company's failure to meet the exchange's requirement for stockholders' equity, which must be at least $4.0 million if the company has reported losses from continuing operations in three of its four most recent fiscal years.
The company stated the notice has no immediate effect on the listing of its common stock, which continues to trade on the NYSE American under the symbol "SOAR." Volato has been granted a plan period to submit a proposal to the exchange by May 17, 2026, outlining how it intends to regain compliance with the listing standards.
If the exchange accepts the plan, Volato could be given up to 18 months from the date of the notice to demonstrate compliance. The company has indicated it is reviewing its options to address the deficiency and regain compliance within the required timeframe.
