Helicopter Operator PHI Group Files Public Stock Offering | Aviation International News

PHI Group Files Public Stock Offering

The Lafayette, Louisiana company operates 213 aircraft

PHI Group — © PHI Group

By Matt Thurber • Editor-in-Chief

January 8, 2024

Helicopter operator PHI Group filed an amended S-1 prospectus with the U.S. Securities and Exchange Commission on December 18 for an initial public offering (IPO) on the New York Stock Exchange. Its first IPO filing was on October 4. When the stock begins trading, it will be under the ticker symbol ROTR with 24,267,599 shares outstanding.

Because it qualifies as an “emerging growth company” due to recent annual revenues being less than $1.235 billion, PHI is taking advantage of some JOBS Act exemptions from reporting requirements that normally apply to companies going public. These include reduced disclosure on executive compensation; having to provide only two years of audited consolidated financial statements; exemption from having to hold a non-binding advisory vote on executive compensation and any golden parachute payments; and exemption from the auditor attestation requirement for assessment of its internal control over financial reporting.

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