Charter & Fractional
Volato To Go Public with SPAC Proof Acquisition Corp
Volato and Proof Acquisition Corp. plan to go public
Volato HondaJets on ramp
Fractional and jet card provider Volato is eyeing fleet expansion and growth through a recent funding round and plans to go public. (Photo: Curt Epstein/AIN)

Atlanta, Georgia-based fractional and jet card company Volato has laid the groundwork to go public through a proposed business combination with Proof Acquisition Corp. I (PACI), the companies announced this morning. Plans call for Volato and PACI, a special purpose acquisition company (SPAC), to complete the transaction later this year. The respective boards of both companies have approved the proposed transaction, which is still subject to PACI stockholder approval and other closing conditions.

Once the transaction is completed, the combined entity expects to trade under the symbol SOAR but retain Volato as the corporate operating brand with company CEO and co-founder Matt Liotta leading the organization.

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