Business
Volato Doubles Vaunt ARR to $3M, Reduces Debt ~80% Ahead of Merger Vote
ATLANTA, March 23, 2026--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR) today reported that Vaunt annual recurring revenue doubled to approximately $3.0 million in Q1 2026, while total debt declined by nearly 80% year-over-year to approximately $8.3 million, positioning the Company below a key closing threshold for its proposed merger with M2i Global.
About this update from Volato Group, Inc.
[{"type":"text","content":"Debt Reduced ~80% Year-Over-Year, Below Merger Closing Threshold as Vaunt Growth Continues","length":90,"tagName":"p"},{"type":"text","content":"ATLANTA, March 23, 2026--(BUSINESS WIRE)--Volato Group, Inc. (the "Company" or "Volato") (NYSE American: SOAR) today reported that Vaunt annual recurring revenue doubled to approximately $3.0 million in Q1 2026, while total debt declined by nearly 80% year-over-year to approximately $8.3 million, positioning the Company below a key closing threshold for its proposed merger with M2i Global.","length":412,"tagName":"p"},{"type":"text","content":"Key Highlights","length":14,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Vaunt ARR reached approximately $3.0M in Q1 2026 (+100% YoY)","length":60,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Sequential growth continues:","length":28,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2025: +21%","length":13,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1 2026 projected: ~14%","length":23,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":36,"olType":false}]},{"val":[{"type":"text","content":"Debt reduced ~80% YoY to ~$8.3M, below $10M merger closing threshold","length":68,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Stockholder vote scheduled for April 20, 2026","length":45,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":237,"olType":false},{"type":"text","content":"Merger Update: Strengthened Balance Sheet and Path Toward Closing","length":65,"tagName":"p"},{"type":"text","content":"Volato has filed an updated registration statement on Form S-4 with the U.S. Securities and Exchange Commission in connection with its previously announced merger with M2i Global and has scheduled a special meeting of stockholders for April 20, 2026.","length":250,"tagName":"p"},{"type":"text","content":"The Company expects total debt to decline to approximately $8.3 million as of March 31, 2026, representing a reduction of nearly 80% from $39.2 million one year ago and positioning Volato below the $10.0 million closing condition in the merger agreement.","length":254,"tagName":"p"},{"type":"text","content":"This balance sheet improvement represents a key milestone as the Compa...