SOAR News & Events

Volato Group announced that Vaunt, its experiential private aviation platform, reached approximately $3.6 million in annual recurring revenue, ARR, as of April 30, 2026, representing continued growth following the platform's previously announced $3.0 million ARR milestone in the first quarter of 2026. The increase reflects continued member demand, expanding product-market fit, and Vaunt's ability to convert private aviation interest into recurring subscription revenue.

Volato Group confirmed that it has fully utilized the capacity available under its at-the-market equity offering and has eliminated all convertible notes outstanding under its previously disclosed facility. ATM Capacity Fully Utilized. As referenced in the Company's press release issued on May 18, 2026 regarding its $5.5 million pro-forma cash balance at March 31, 2026, all Class A common shares registered for sale under the ATM prospectus supplement filed on March 30, 2026 have been sold, with final sales completed in April 2026. The Company has no further capacity to sell shares under the ATM at this time due to the limitations contained within General Instruction I.B.6 to Form S-3. Convertible Debt Eliminated. As previously announced on April 14, 2026, the last remaining convertible note outstanding under the Convertible Note Facility was converted into equity, reducing the outstanding balance under the facility to zero. The Company has no current intention to draw down any additional convertible notes under the facility. Strengthened Capital Structure. As announced on May 18, 2026, Volato's pro-forma cash balance was $5.5 million on March 31, 2026, equating to $0.14 of cash per share. The Company believes its current cash position, combined with the elimination of its convertible note balance and the completion of the ATM raise, has simplified and materially strengthened its capital structure ahead of the planned merger closing.

Volato Group (SOAR) announced that its pro-forma cash balance was $5.5M at March 31, 2026. This pro-forma cash balance equates to $0.14 cash per share. The pro-forma calculation includes cash raised in April from its now completed ATM Prospectus Supplement filed on March 30, 2026. Volato filed its Quarterly Report on Form 10Q for the period ended March 31, 2026 on May 15, 2026. Volato's merger with M2i Global (MTWO) has been approved by both company's shareholders and is expected to close in the second quarter of 2026, subject to the satisfaction of remaining customary closing conditions.

Volato Group (SOAR) announced voting results indicate that the shareholders have approved the previously announced merger with M2i Global (MTWO) with 99% of the shares of common stock present or represented by valid proxy at the special meeting voting in favor of the merger. This marks a significant milestone toward closing the transaction and advancing Volato's strategic expansion into the critical minerals sector. The number of shares of common stock present or represented by valid proxy at the special meeting was 15.1 million, representing approximately 40% of the total number of shares of common stock entitled to vote. Management believes that the approval reflects strong shareholder alignment with the Company's strategic direction and long-term growth plans. The merger is currently expected to close by the end of the second quarter of 2026, subject to the satisfaction of remaining customary closing conditions.