MergerMay 11, 2026, 05:41 PM
Volato Shareholders Approve M2i Global Merger, Name Change
AI Summary
Volato Group, Inc. shareholders approved the merger with M2i Global, Inc. at a special meeting on May 7, 2026, with 99% of votes in favor. This strategic move will transition Volato into the $400 billion critical minerals market, with M2i Global becoming a wholly-owned subsidiary. Shareholders also approved a name change to "M2i Global, Inc.", the issuance of new stock for the merger, the election of seven directors, a new stock incentive plan, and granted the board discretion for a reverse stock split. The transaction is expected to close by the end of Q2 2026.
Key Highlights
- Shareholders approved the merger with M2i Global with 13,053,706 votes for.
- Shareholders approved the issuance of new stock for the merger with 12,968,426 votes for.
- Company name change to "M2i Global, Inc." was approved with 14,968,822 votes for.
- Board discretion for a reverse stock split (1:2 to 1:25) was approved with 14,405,224 votes for.
- M2i Global shareholders will own approximately 85% of the combined company, Volato shareholders 15%.
- The merger is expected to close by the end of the second quarter of 2026.
- The critical minerals market reached $400 billion in 2025.
- Quorum was met with 15,140,570 shares (38.92%) represented at the meeting.