Latest news with #MattLiotta
Business Insider
13-06-2025
- Business
- Business Insider
Volato Stock (SOAR) Flies 60% Higher on M2i Global Deal
Volato (SOAR) stock flew higher on Thursday after the company announced a merger agreement with M2i Global (MTWO). This agreement will have Volato acquire M2i Global to create a diversified industrial provider for various industries. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Under the terms of the agreement, M2i Global will receive shares representing 90% of SOAR stock, with the remaining 10% belonging to current Volato shareholders. This will also result in a reorganization of the company, including the resignation of CEO Matt Liotta, who will take over as the president of its aviation technology business lines. SOAR stock was up 57.14% in pre-market trading today, following a nearly 4% drop yesterday. The stock is also still down 64.54% year-to-date and 87.04% over the past 12 months. Is Volato Stock a Buy, Sell, or Hold? Wall Street's coverage of Volato is thin, but TipRanks' AI analyst, Spark, has that gap covered. Spark rates SOAR stock as Underperform (39) with a $2 price target, representing a potential 7.83% downside for the shares. It cites 'poor financial performance and legal troubles' as reasons for this rating.
Business Wire
12-06-2025
- Business
- Business Wire
Volato to Combine with M2i Global in a Strategic Transaction, Unlocking Value Through Industrial Scale and Platform Independence
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (the 'Company' or 'Volato') (NYSE American: SOAR), a technology-first private aviation company, and M2i Global, Inc. ('M2i Global') (OTCQB: MTWO), a developer of full-spectrum critical mineral supply chains, today announced the signing of a non-binding term sheet under which M2i Global will be acquired by Volato in a transaction that positions the combined company for scale, strategic capital access, and long-term growth. This transaction brings together two distinct but complementary platforms: – M2i Global, with a clear path to federal partnerships, high-value offtake agreements, and battery metals leadership; and – Volato's proprietary aviation software, Vaunt experiential travel platform, and investment vehicles, which will be retained as a separate operating unit led by current Volato CEO and Co-Founder Matt Liotta. Upon completion of the acquisition, M2i Global will receive common shares of Volato stock such that M2i Global will own approximately 90% of the total issued and outstanding shares of common stock of Volato on an as-converted and fully diluted basis (excluding any outstanding public warrants for Volato common stock) and the current shareholders of Volato will own approximately 10% of the total issued and outstanding shares of Volato common stock on an as-converted and fully diluted basis (excluding any outstanding public warrants for Volato's common stock). Following closing, Maj. Gen. (Ret) Alberto Rosende will assume the role of Chief Executive Officer of Volato. Matt Liotta will continue to serve on the board of the combined company and will lead the aviation and software operating unit as President, supported by a growth-focused budget and potential spin-out opportunity. Mark Heinen shall remain as Chief Financial Officer of the combined company. 'We've made real progress turning Volato around—posting net income, reducing debt, and scaling new platforms—but the public market hasn't recognized it,' said Matt Liotta, CEO of Volato. 'This transaction re-rates our value and gives our shareholders exposure to a macroeconomic growth engine in critical minerals, while keeping our aviation platforms intact and scaling under experienced leadership. It's not an exit—it's a rebirth.' The combined company will pursue listing on the NYSE American and is expected to consolidate key business lines while preserving management continuity and operational momentum. M2i Global brings high-value relationships, including: An exclusive offtake agreement with NT Minerals valued at approximately $850 million; Partnerships across battery recycling, cathode material manufacturing, and brownfield mining; and A seasoned leadership and advisory team with proven public market and government execution. 'Volato's aviation software and financial discipline impressed us,' said Maj. Gen. (Ret) Alberto Rosende, CEO of M2i Global. 'Their platforms, especially Vaunt and Mission Control, are assets we intend to nurture, and Matt will continue to lead their growth. Together, we create a dual-engine company: one focused on national resilience, the other on next-generation travel and aviation software.' This transaction comes as the need for secure U.S. access to critical minerals has moved to the forefront of national policy, with recent executive orders highlighting urgency around antimony, graphite, and rare earth metals. SOAR shareholders are now positioned to benefit from two growth stories: A high-upside industrial platform aligned with federal initiatives A proven aviation technology business with growing traction and independent funding The closing of the transaction is subject to customary closing conditions, including approval of the transaction by the shareholders of both Volato and M2i Global. Advisors A.G.P./Alliance Global Partners is serving as financial advisor to M2i Global, Inc. and Curvature Securities, LLC is serving as financial advisor to Volato Group, Inc. Dykema Gossett, PLLC serves as legal counsel to Volato Group, Inc. Sichenzia Ross Ference Carmel LLP serves as legal counsel to M2i Global, Inc. About Volato Volato is a private aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato's proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato's Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation. For more information about Volato, please visit About M2i Global, Inc. M2i Global, Inc., through its subsidiary U.S. Minerals and Metals Corp., provides engineering, research, and services that integrate people, technology, and solutions from across sectors to ensure access to critical minerals and metals for national defense and economic security. The Company aims to establish a Strategic Mineral Reserve in partnership with the U.S. Federal Government, creating a resilient supply chain that addresses the global shortage of essential minerals and metals. Additional Information about the Proposed Transaction and Where to Find It This communication relates to a potential transaction (the 'Transaction') involving M2i Global and Volato. If a legally binding definitive agreement with respect to the potential Transaction is executed, Volato intends to file with the SEC a Current Report on Form 8-K with respect to the execution of the definitive agreement and a registration statement on Form S-4 (the "Registration Statement"), which will include a preliminary proxy statement/prospectus. This communication is not a substitute for the Registration Statement, the definitive proxy statement/final prospectus or any other document that Volato or M2i Global has filed or will file with the SEC or send to its shareholders or investors in connection with the potential Transaction. This document does not contain all the information that should be considered concerning the potential Transaction and other matters and is not intended to form the basis for any investment decision or any other decision in respect of such matters. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, VOLATO'S SHAREHOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY AMENDMENTS THERETO AND ANY OTHER DOCUMENTS FILED BY VOLATO WITH THE SEC IN CONNECTION WITH THE POTENTIAL TRANSACTION OR INCORPORATED BY REFERENCE THEREIN IN THEIR ENTIRETY BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE POTENTIAL TRANSACTION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE POTENTIAL TRANSACTION AND THE PARTIES TO THE POTENTIAL TRANSACTION. After the Registration Statement is declared effective, the definitive proxy statement will be mailed to shareholders of Volato as of a record date to be established for voting on the potential Transaction. Additionally, Volato will file other relevant materials with the SEC in connection with the potential Transaction. Copies of the Registration Statement, the definitive proxy statement/final prospectus and all other relevant materials for the potential Transaction filed or that will be filed with the SEC may be obtained, when available, free of charge at the SEC's website at Volato's shareholders may also obtain copies of the definitive proxy statement/prospectus, when available, without charge, by directing a request to Volato at 1954 Airport Road, Suite 124, Chamblee, GA 30341, or by telephone at (844) 399-8998. Participants in the Solicitation of Proxies Volato and M2i Global and certain of their respective directors and officers may be deemed participants in the solicitation of proxies from Volato's shareholders in connection with the proposed Transaction. Volato's shareholders and other interested persons may obtain, without charge, more detailed information regarding the names and interests in the proposed Transaction of Volato's directors and officers in Volato's filings with the SEC, including Volato's annual reports on Form 10-K and quarterly reports on Form 10-Q. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Volato's shareholders in connection with the Transaction and a description of their direct and indirect interests will be included in the definitive proxy statement/prospectus relating to the proposed Transaction when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above. No Offer or Solicitation This communication is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the potential Transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. The potential Transaction is expected to be implemented solely pursuant to a legally binding definitive agreement which is expected to be filed as an exhibit to a Current Report on Form 8-K by Volato, and which is expected to contain the material terms and conditions of the potential Transaction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom. Forward Looking Statements This press release contains certain statements that may be deemed to be forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. They often include words or variation of words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'projects,' 'forecasts,' 'targets,' 'would,' 'will,' 'should,' 'goal,' 'could' or 'may' and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements provide management or the board of directors' current expectations or predictions of future conditions, events, or results. All statements that address operating performance, events, or developments that may occur in the future are forward-looking statements, including statements regarding the challenges associated with executing our growth strategy. All forward-looking statements speak only as of the date they are made and reflect the Company's good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance or events. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond the Company's control, that are described in the Company's periodic reports filed with the SEC including its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, and other factors that the Company may describe from time to time in other filings with the SEC. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
Business Wire
05-06-2025
- Business
- Business Wire
Volato Projects Full-Year Profitability on Strength of Q1 Execution and Expanding Revenue Streams
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (the 'Company' or 'Volato') (NYSE American: SOAR), a technology-first private aviation company, today announced it expects to achieve second quarter and full-year profitability in 2025, driven by continued financial execution and momentum across its core platform businesses. In the first quarter, the Company reported $25.5 million in revenue, $500 thousand in net income from continuing operations, and a $23.4 million reduction in total liabilities—including a substantial reduction in senior lender debt. Based on current assumptions, the Company expects Q2 revenue between $24 million and $26 million, and net income of $2 million to $3 million. A key contributor to the Company's improved financial performance was the strength of its aircraft-trading program, which delivered $25 million in Q1 revenue. The program is part of a broader strategy to monetize high-demand aircraft and, over time, place them with third-party charter operators in capital-efficient structures designed to support recurring income. 'We set clear goals to reduce debt, generate cash, and move the business toward profitability—and that's exactly what we've done,' said Matt Liotta, CEO and Co-Founder of Volato. 'Now we're continuing that strategy into Q2 with the same focus and pace. The platform is working, and we're putting it to work in smart, scalable ways.' 'We continue to make strides in strengthening our financial position in the second quarter,' said Mark Heinen, Chief Financial Officer of Volato. 'We've already reduced liabilities by $13 million so far this quarter and remain on track to hit our $15 million Q2 target. We've also reduced working capital tied up in aircraft inventory from $12 million at the end of Q1 to just $3 million today.' Volato's platform-based businesses also played a central role in Q1 momentum. Vaunt, the Company's fast-scaling experiential travel platform, continued to grow, and now supports over 110 aircraft through an expanding network of premium operators. Recent product enhancements, including the ability to book commercial flights and hotels alongside private flights—position Vaunt as a category-defining tool for spontaneous, story-worthy travel. In parallel, Volato continues to pursue discounted settlements as a necessary part of its plan to support lender recoveries and strengthen our financial position and is evaluating a targeted equity raise to support near-term execution while preserving flexibility and limiting dilution. With revenue contributions from aircraft transactions, aviation software, travel subscriptions, operator partnerships, and its new aircraft monetization initiative involving strategic placements with charter operators, Volato is building a multi-channel business model with a clear focus on scalability and long-term shareholder value. About Volato Volato is a private aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato's proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato's Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation. For more information about Volato, please visit
Business Wire
04-06-2025
- Business
- Business Wire
Volato to Participate in Jefferies Virtual Business Aviation Summit
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR), a technology-driven aviation company, today announced its participation in the Jefferies Virtual Business Aviation Summit taking place on June 5, 2025. Co-Founder and Chief Executive Officer Matt Liotta will be in attendance and available for one-on-one and small group meetings with summit attendees. To request a meeting, please contact your Jefferies representative. The event comes as Volato introduces a new aircraft leasing strategy designed to place high-demand jets with third-party operators, creating a recurring and asset-light revenue stream. This approach builds on Volato's core strengths in sourcing and structuring transactions while extending its reach across a growing ecosystem of aviation partners and software users. 'We're not just leasing aircraft—we're building an infrastructure layer for the industry,' said Matt Liotta, CEO of Volato. 'By connecting supply, demand, and technology more intelligently, we're unlocking value that traditional models leave on the table.' Volato's participation in the summit aligns with its broader 2025 momentum, including profitable Q1 results, rapid growth in its Vaunt platform, and continued deployment of its proprietary Mission Control software. About Volato Volato is a private aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato's proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato's Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation. For more information about Volato, please visit
Business Wire
15-05-2025
- Business
- Business Wire
Volato Reports Positive Net Income in Q1 2025 and Over $20 Million in Debt Reduction; Targets Additional Settlements and Capital Raise to Extend Operating Runway
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) ('Volato' or the 'Company'), a private aviation innovator, today announced financial results for the first quarter of 2025, achieving profitability from continuing operations and reducing total liabilities by over $20 million. The Company also disclosed its intention to raise additional equity and continue settling outstanding liabilities in order to extend its operating runway beyond 12 months. For the quarter ended March 31, 2025, Volato reported $25.5 million in revenue and net income of $0.5 million, or $0.03 per diluted share. Total liabilities declined from $62.6 million as of December 31, 2024 to $39.2 million, primarily as a result of disciplined debt reduction and asset sales. 'We executed with focus and urgency in Q1,' said Matt Liotta, CEO of Volato. 'Profitability from continuing operations, major liability reductions, and operational growth across our platforms are all signals that our strategy is working — even as we continue to navigate through a complex financial environment.' Active Plan to Extend Runway and Optimize Capital Structure The Company confirmed it is actively negotiating additional creditor settlements and plans to raise approximately $8.0 million in outside capital during the coming months under its existing financing arrangement. These efforts are designed to address remaining short-term liabilities and position Volato to operate with a 12-month runway. 'Settling liabilities at a discount and executing on a targeted equity raise is a clear path to stability without excessive dilution,' added Liotta. 'We've built momentum. Now we're using that position to strengthen the business long-term.' Volato also provided an update on its convertible debt facility with JAK Opportunities: 'As of March 31, 2025, we had drawn $4.5 million from the $36.0 million convertible facility announced in Q4 2024,' said Liotta. 'The fair value of that balance, including a non-cash mark-to-market adjustment for embedded derivative features, is recorded at $4.9 million. We expect this drawn amount to convert to equity in Q2 under the agreed terms.' 'We're managing cash tightly and prioritizing commitments that move the company forward,' said Mark Heinen, Chief Financial Officer of Volato. 'The combination of operational discipline, creditor engagement, and a focused capital raise is designed to extend our runway and position Volato for long-term financial sustainability.' Outlook and Operational Momentum The Company expects to remain profitable in Q2 and Q4 of 2025, with Q3 projected to be negative based on aircraft delivery timing. Vaunt, Volato's experiential travel platform, continues to operate at cash flow breakeven and is expected to generate full-year profitability in 2025. In April, Volato received delivery of its third Gulfstream G280 aircraft from its four-aircraft order. The Company anticipates this aircraft will contribute to second quarter revenue and margin in a manner consistent with Q1 2025 performance, further supporting near-term profitability and liquidity. First Quarter 2025 Financial Highlights Total revenue was $25.5 million, primarily from aircraft sales Gross profit of $4.5 million Net income of $0.5 million, versus a net loss of $17.4 million in Q1 2024 Net income per diluted share of $0.03 compared to net loss per diluted share of $14.93 in Q1 2024 EBITDA (1) of $2.7 million, compared to an EBITDA loss of $4.2 million in Q1 2024 $23.4 million reduction in total liabilities quarter over quarter Vaunt at breakeven, on track for full-year profitability (1) EBITDA is a non-GAAP measure. Please refer to the tables and related notes in this press release for a reconciliation and definition of non-GAAP financial measures. The full quarterly report is available in the Company's Form 10-Q filed with the SEC today. For more information, please visit or contact investors@ About Volato Volato (NYSE American: SOAR) is an aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato's proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato's Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation. For more information visit Forward Looking Statements This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management or the Board's current expectations or predictions of future conditions, events, or results. All statements that address operating performance, events, or developments that may occur in the future are forward-looking statements, including statements regarding the challenges associated with executing our growth strategy, including expected deliveries of aircraft and related sales, and developing, marketing and consistently delivering high-quality services that meet customer expectations. All forward-looking statements speak only as of the date they are made and reflect the Company's good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance or events. Furthermore, Volato disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond Volato's control, that are described in Volato's periodic reports filed with the SEC including its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, and other factors that Volato may describe from time to time in other filings with the SEC. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties. We calculate EBITDA as net loss adjusted for (i) interest expense, net, (ii) provision for income taxes (benefit) (iii) depreciation and amortization, and (iv) equity-based compensation expense. We include EBITDA as a supplemental measure for assessing operating performance. The following table reconciles EBITDA to net loss, which is the most directly comparable GAAP measure (in thousands):
