Business
Volato Group Confirms $5.5 Million Pro-Forma Cash Balance at March 31, 2026 for $0.14 Cash per Share Value
ATLANTA, May 18, 2026--Volato Group, Inc. (NYSE American: SOAR) (the "Company" or "Volato") today announced that its pro-forma cash balance was $5.5 million 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.
About this update from Volato Group, Inc.
[{"type":"text","content":"ATLANTA, May 18, 2026--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (the "Company" or "Volato") today announced that its pro-forma cash balance was $5.5 million 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.","length":403,"tagName":"p"},{"type":"text","content":"Volato filed its Quarterly Report on Form 10Q for the period ended March 31, 2026 on May 15, 2026.","length":98,"tagName":"p"},{"type":"text","content":"Volato’s merger with M2i Global (OTCQB: MTWO) has been approved by both company’s shareholders and is expected to close in the second quarter of 2026, subject to the satisfaction (or waiver) of remaining customary closing conditions.","length":233,"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 minerals sector—leveraging its software expertise to bring greater transparency, traceability, and operational intelligence to supply chains essential for U.S. national security and advanced technologies. For more information visit www.flyvolato.com.","length":770,"tagName":"p"},{"type":"text","content":"About M2i Global","length":16,"tagName":"p"},{"type":"text","content":"M2i Global, Inc. integrates people, technology, and solutions from across sectors to ensure access to critical minerals and metals for national defense and economic security. M2i Global aims to establish a critical minerals reserve, creating a resilient supply chain that addresses the global shortage of essential minerals and metals. For more information, please visit: www.m2i.global.","length":387,"tagName":"p"},{"type":"text","content":"Additional Information about the Proposed Transaction and Wher...