Business
Volato Announces $1.3 Million Agreement to Monetize Unused Intellectual Property
ATLANTA, March 10, 2026--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR) today announced that it has entered into an amendment to its Aircraft Management Services Agreement with flyExclusive, Inc. ("FLYX") providing for the sale of certain legacy intellectual property assets.
About this update from Flyexclusive, Inc.
[{"type":"text","content":"ATLANTA, March 10, 2026--(BUSINESS WIRE)--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR) today announced that it has entered into an amendment to its Aircraft Management Services Agreement with flyExclusive, Inc. ("FLYX") providing for the sale of certain legacy intellectual property assets.","length":344,"tagName":"p"},{"type":"text","content":"The agreement provides for consideration valued at approximately $1.3 million, payable in FLYX Class A common stock, subject to customary conditions. The assets relate to legacy intellectual property developed during earlier stages of the Company’s technology initiatives and are not part of Volato’s current operating platforms.","length":329,"tagName":"p"},{"type":"text","content":"Volato continues to evaluate opportunities to streamline its asset base and focus resources on strategic priorities, including the continued development of its core software platforms and the pending business combination with M2i Global, Inc.","length":242,"tagName":"p"},{"type":"text","content":""Volato has developed a meaningful portfolio of proprietary technology over the past several years," said Matt Liotta, Co-Founder and Chief Executive Officer of Volato. "From time to time we identify opportunities to monetize assets that are not central to our current operating roadmap. This transaction reflects that disciplined approach while generating incremental value for our shareholders."","length":417,"tagName":"p"},{"type":"text","content":"The amendment was executed in March 2026 and reflects ongoing collaboration between Volato and flyExclusive across multiple areas of aviation operations and technology.","length":168,"tagName":"p"},{"type":"text","content":"About Volato","length":12,"tagName":"p"},{"type":"text","content":"Volato Group, Inc. (NYSE American: SOAR) is a technology company focused on building scalable software and data solutions that improve the reliability and intelligence of high-stakes business decisions. The Company’s existing Parslee Document Intelligence platform enhances the performance of leading large language models (LLMs) by adding deterministic structure and auditability to complex documents such as contracts and SEC filings. Through its proposed merger with M2i Global, Volato is expanding into the critical min...