X0202 SCHEDULE 13G 0002038499 XXXXXXXX LIVE Class A Common Stock, par value $0.0001 per share 06/27/2026 0001853070 Volato Group, Inc. 74349W302 1954 AIRPORT ROAD SUITE 124 CHAMBLEE GA 30341 Rule 13d-1(c) C/M Capital Master Fund, LP DE 0.00 3294563.00 0.00 3294563.00 3294563.00 N 6.2 PN C/M CAPITAL PARTNERS, LP DE 0.00 3294563.00 0.00 3294563.00 3294563.00 N 6.2 PN Thomas Walsh X1 0.00 3294563.00 0.00 3294563.00 3294563.00 N 6.2 IN Jonathan Juchno X1 0.00 3294563.00 0.00 3294563.00 3294563.00 N 6.2 IN Volato Group, Inc. 1954 Airport Road, Suite 124, Chamblee, GA 30341 This statement is filed by: (i) C/M Capital Master Fund, LP, a Delaware limited partnership ("C/M Master Fund"); (ii) C/M Capital Partners, LP, a Delaware limited partnership ("C/M Capital Partners"); (iii) Thomas Walsh ("Mr. Walsh"); and (iv) Jonathan Juchno ("Mr. Juchno"). The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of Volato Group, Inc. (the "Issuer") reported herein are held by C/M Master Fund. C/M Capital Partners is the investment manager to C/M Master Fund. Messrs. Walsh and Juchno are the managing members of the general partner of C/M Capital Partners. Messrs. Walsh and Juchno disclaim beneficial ownership of any shares of Class A Common Stock held by C/M Master Fund. The address of the business office of each of the Reporting Persons is 1111 Brickell Ave, Suite 2920, Miami, FL 33131. Each of C/M Master Fund and C/M Capital Partners is a limited partnership organized under the laws of the State of Delaware. Each of Messrs. Walsh and Juchno is a citizen of the United States. Y The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 53,183,044 shares of Class A Common Stock outstanding, as reported in the Issuer's Prospectus filed pursuant to Rule 424(b)(5) filed with the Securities and Exchange Commission on July 1, 2026, after giving effect to the completion of the offering described therein. 6.2% The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibit 99.1 - Joint Filing Agreement C/M Capital Master Fund, LP /s/ Thomas Walsh 07/06/2026 C/M CAPITAL PARTNERS, LP /s/ Thomas Walsh 07/06/2026 Thomas Walsh /s/ Thomas Walsh 07/06/2026 Jonathan Juchno /s/ Jonathan Juchno 07/06/2026