MergerApr 28, 2026, 05:32 PM
SOAR Merger with M2i Global; Shareholder Vote May 7
AI Summary
Volato Group, Inc. (SOAR) is moving forward with its merger with M2i Global, Inc., with a special shareholder meeting scheduled for May 7, 2026, to seek approval. M2i Global's majority stockholder has already approved the transaction. Shareholders will also consider a proposal for a reverse stock split, with a ratio between 1-for-2 and 1-for-25, aimed at meeting Nasdaq listing requirements. The company provided unaudited pro forma combined financial information reflecting the merger.
Key Highlights
- Volato Group, Inc. (SOAR) shareholders to vote on merger with M2i Global, Inc. on May 7, 2026.
- M2i Global's majority stockholder approved the merger on April 18, 2026.
- Shareholders will also vote on a reverse stock split (1-for-2 to 1-for-25) for Nasdaq listing.
- Combined pro forma total assets were $20,919 thousand as of December 31, 2025.
- Combined pro forma revenue was $78,559 thousand for the year ended December 31, 2025.
- Combined pro forma operating loss was $(2,609) thousand for the year ended December 31, 2025.
- Combined pro forma cash was $9,825 thousand as of December 31, 2025.