Volato Group, Inc.

Volato Group, Inc. announced strong preliminary financial results and an operating update for the second quarter ended June 30, 2026. The company eliminated all outstanding convertible notes, reducing total liabilities (excluding deferred revenue) by approximately 75% year-over-year to $5 million, and reported $8.4 million in cash. The Vaunt platform showed significant growth with record cash sales, a 250% increase in Annual Recurring Revenue, and a 71% rise in active paid members. The company is also advancing its AI strategy and pursuing a potential strategic merger transaction.

Volato Group, Inc. announced the closing of its previously disclosed registered direct offering. The company sold 11,038,767 shares of its Class A common stock at $0.165 per share, resulting in gross proceeds of approximately $1.82 million. The offering, which closed on June 30, 2026, was made to certain accredited investors.

Volato Group, Inc. announced that Alan Gaines resigned from its Board of Directors, effective June 24, 2026. Mr. Gaines cited a potential conflict of interest as the company evaluates strategic alternatives in the AI and digital infrastructure sector, where he is involved with a competing company. Separately, the company entered into a Securities Purchase Agreement for a registered direct offering, selling 11,038,767 shares of Class A common stock at $0.165 per share, expecting gross proceeds of approximately $1.82 million.

Volato Group, Inc. announced the closing of its previously disclosed private placement on June 18, 2026. The company issued 6,500,000 shares of Class A common stock at $0.34 per share, generating gross proceeds of approximately $2.21 million. Concurrently, an amendment to the Registration Rights Agreement was executed, extending the deadline for filing the resale registration statement to 5:30 p.m. Eastern Time on June 18, 2026.

Volato Group, Inc. (SOAR) announced a $2.21 million strategic investment through a Securities Purchase Agreement with Catheter Precision, Inc. (VTAK) and other institutional investors. The company will sell 6,500,000 shares of its Class A common stock at $0.34 per share. This investment strengthens Volato's balance sheet and supports its strategic shift towards artificial intelligence, including the evaluation of potential acquisitions in AI infrastructure and related sectors. Volato also entered into a Registration Rights Agreement with the investors.

Volato Group, Inc. announced the termination of its Agreement and Plan of Merger and Reorganization with M2i Global, Inc. on June 4, 2026. The merger was not completed by the extended outside date of March 31, 2026, leading to the termination without any associated fees or penalties for Volato Group. The company stated that this decision is part of its strategic alternatives evaluation, as it has received and is considering unsolicited letters of intent that may offer greater value to its shareholders.

Volato Group, Inc. announced that NYSE American has accepted its plan to regain compliance with continued listing standards. The company received a notice on March 17, 2026, for non-compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide. Volato submitted a compliance plan on April 16, 2026, and has been granted until December 17, 2026, to meet these standards. The company's shares will continue to trade on the NYSE American under the ticker 'SOAR' during this period.

Volato Group, Inc. reported a significant decline in its first-quarter 2026 financial results, with revenue plummeting to $997 thousand from $25.48 million in the prior year, and a net loss of $2.63 million compared to a net income of $455 thousand. The company faces substantial doubt about its ability to continue as a going concern due to its financial condition, including a working capital deficit and accumulated deficit, and received a notice of non-compliance with NYSE American listing standards. Strategic actions included converting $4.04 million in convertible notes to common stock and selling intellectual property assets to flyExclusive for $1.3 million.

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.

Volato Group, Inc. filed a Form 10-K/A to include previously omitted Part III information for the fiscal year ended December 31, 2025. This amendment provides detailed disclosures on directors, executive officers, corporate governance, and executive compensation. Additionally, new Section 302 Sarbanes-Oxley Act certifications were filed, and the company disclosed delinquent Section 16(a) reports for certain directors and its CEO.