Private company

PROOF Acquisition Sponsor I, LLC

Investment fund that raised $34.5 million in 2023 (SEC Form D). Summary from the record

Last updated Oct 21, 2026.

Overview

HeadquartersDE¹
Legal formLimited Liability Company
Kind of organizationInvestment fund¹

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Corporate structure

PROOF Acquisition Sponsor I, LLC sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

PROOF Acquisition Sponsor I, LLC DE
- Volato Group, Inc. Stake · North Canton, Ohio

Built from major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

DirectorJOHN C BACKUS JR named Dec 2, 2021 to Dec 4, 2023²
DirectorMICHAEL W ZARLENGA named Dec 2, 2021 to Dec 4, 2023²
DirectorSTEVEN P MULLINS named Jul 14, 2023 to Dec 4, 2023²
DirectorSTEPHEN P MULLINS named Dec 2, 2021³

Filings

3 filings to the SEC since October 2021: 3 private raises. The latest 3:

Dec 4, 2023D EDGAR
Jul 14, 2023D EDGAR
Dec 2, 2021D EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Stakes it holds

PROOF Acquisition Sponsor I, LLC has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Volato Group, Inc.SC 13D Dec 12, 2023⁴

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$34.5M 2021–2023

Private raises (Form D) $34.5M

Figures by year

Year	Private raises (Form D)	Total
2023	$20.4M	$20.4M
2021	$14.1M	$14.1M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

Nov 28, 2023Raised $11.8 million in a private offering of securities² Form D: 48 investors so far Form D
Jul 7, 2023Raised $8.6 million in a private offering of securities⁵ Form D: 55 investors so far Form D
Nov 18, 2021Raised $14.1 million in a private offering of securities³ Form D: 96 investors so far Form D

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARPROOF Acquisition Sponsor I, LLC filings on SEC EDGAR
2
SEC EDGARPROOF Acquisition Sponsor I, LLC Form D naming JOHN C BACKUS JR
3
SEC EDGARPROOF Acquisition Sponsor I, LLC Form D naming STEPHEN P MULLINS
4
SEC EDGARPROOF Acquisition Sponsor I, LLC SC 13D on Volato Group, Inc.
5
SEC EDGARForm D: Raised $8.6 million in a private offering of securities