PROOF Acquisition Corp I WT
PACI-WT
New York Stock Exchange0.06
USD
-0.01
- -
PROOF Acquisition Corp I WT
PACI-WT
(New York Stock Exchange)
Recent
price
0.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PROOF Acquisition Corp I was established as a special purpose acquisition company (SPAC), formed as a Delaware corporation with the primary objective of engaging in a business combination, such as a merger, asset acquisition, or share exchange, with an operating entity. The firm was particularly focused on identifying and partnering with businesses that exhibited strong potential for sustainable growth within large and expanding markets. While its expertise encompassed diverse sectors including enterprise software, healthcare, financial technology, and consumer industries, it maintained the flexibility to pursue acquisitions across any business sector. In a significant development, PROOF Acquisition Corp I successfully completed its business combination with Volato, Inc., a prominent private aviation company, on December 1, 2023. Following this transaction, the combined entity now operates as Volato. As a result, the common stock and warrants, including those previously trading under PACI-WT, transitioned to new ticker symbols on the NYSE American, with Volato's common stock now trading as "SOAR" and its warrants as "SOAR.WS," effective December 4, 2023.