April 23, 2024
Publicly traded HondaJet operator Volato rang the closing bell today following its December SPAC merger put it on the NYSE.
After going public via a SPAC merger last December, Volato executives were able to officially ring the bell at the New York Stock Exchange.
The 2021 start-up rang the closing bell today.
The stock trades under SOAR.
It ended the day at $2.50, above its $1.97 52-week low but far off its high of $17.00.
Already the world’s largest HondaJet operator, it expects to add the first of four Gulfstream G280s later this year.
Volato is one of several pure-play private jet flight providers that have gone public, beginning with Wheels Up and Blade in 2021.
Last year, Surf Air, Jet Token, and FlyExclusive all became publicly traded.
All are trading below their IPO day prices.
