Announcement | Oct 13, 2026Honigman Represents DFU in $1 Billion Equity Line of Credit Facility with Volato Group

Honigman recently represented DFU, LLC (DFU) in connection with a $1 billion equity line of credit facility with Volato Group, Inc. (Nasdaq: SOAR).

Under the agreement, Volato Group, Inc. has the discretionary right to sell up to $1 billion of newly-issued Class A common stock to DFU over a 36-month investment period, subject to certain ownership and exchange listing limitations. As part of the transaction, Volato agreed to issue as consideration commitment shares and Series B convertible preferred stock to DFU and to register the resale of the securities issued pursuant to the facility with the United States Securities and Exchange Commission (SEC).

The Honigman team was led by Corporate Partners Michael J. Rosenberg and N. Danny Shulman.