Business
Volato Enters $320 Billion Critical Minerals Marketi with Execution of Definitive Agreement to Acquire M2i Global
Proposed Business Combination Will Create a Public Company that Aligns with U.S. Mineral Independence Strategy Atlanta, GA and Reno, NV, July 29, 2025 (GLOBE NEWSWIRE) -- Volato Group, Inc. (“Volato”) (NYSE American: SOAR), a technology-driven private aviation company and M2i Global, Inc. (“M2i Global”) (OTCQB: MTWO), a company specializing in the development and execution of a complete global value supply chain for critical minerals, today announced the signing of a definitive business combinat
About this update from Volato Group, Inc.
[{"type":"text","content":"Proposed Business Combination Will Create a Public Company that Aligns with U.S. Mineral Independence Strategy","length":110,"tagName":"p"},{"type":"text","content":"Atlanta, GA and Reno, NV, July 29, 2025 (GLOBE NEWSWIRE) -- Volato Group, Inc. (“Volato”) (NYSE American: SOAR), a technology-driven private aviation company and M2i Global, Inc. (“M2i Global”) (OTCQB: MTWO), a company specializing in the development and execution of a complete global value supply chain for critical minerals, today announced the signing of a definitive business combination agreement in which Volato will acquire 100% of the issued and outstanding shares of common and preferred stock of M2i Global. The proposed transaction was previously announced on June 12, 2025 following the signing of a non-binding letter of intent.","length":642,"tagName":"p"},{"type":"text","content":"Volato will expand into a diversified industrial platform serving a range of sectors—from aviation technology and software to the global supply chain for critical minerals essential to U.S. national defense, advanced technologies, and infrastructure.","length":250,"tagName":"p"},{"type":"text","content":"The Board of Directors, for both Volato and M2i Global, support this combination transaction and have recommended shareholders approve the transaction. Volato will not be required to make any cash payment to M2i Global or its security holders in connection with the transaction. Volato expects to file an initial Registration Statement on Form S-4 in the next several weeks, which will include a preliminary proxy statement/prospectus related to the proposed transaction.","length":471,"tagName":"p"},{"type":"text","content":"Upon completion of the acquisition, M2i Global will receive common shares of Volato stock such that the current shareholders of M2i Global will own approximately 85% of the total issued and outstanding shares of common stock of Volato and the current shareholders of Volato will own approximately 15% of the total issued and outstanding shares of Volato common stock. Based on current market prices, this structure represents an increase in value for Volato shareholders while enabling M2i Global to obtain an NYSE American listing and access the public markets.","length":562,"tagName":"p"},{"type":"text","content":"It is expected that, at the closing, Matt Liotta will r...