Fiserv earnings missed by $0.61, revenue fell short of estimates
Volato Group, Inc. (NYSE American:SOAR) on Monday filed unaudited pro forma condensed combined financial information related to its planned merger with M2i Global, Inc., according to a statement based on a Securities and Exchange Commission filing. The company, which has seen its stock price decline over 61% in the past year according to InvestingPro data, maintains a relatively strong balance sheet with more cash than debt.
The merger, initially announced on July 28, 2025, involves Volato Group, a Delaware corporation, merging its wholly owned subsidiary, Volato Merger Subsidiary, Inc., with M2i Global, a Nevada-based company focused on the development and management of supply chains for critical minerals. Upon completion, M2i Global would become a wholly owned subsidiary of Volato Group.
The transaction remains subject to approval by Volato Group’s shareholders and other customary closing conditions.
The new filing provides unaudited pro forma condensed combined financial data for the two fiscal quarters ended June 30, 2025, and for the year ended December 31, 2024, reflecting the potential effects of the merger. The company filed the financial information as Exhibit 99.1 to its Form 8-K.
Volato Group’s Class A common stock trades on NYSE American under the symbol SOAR. Warrants, each exercisable for one share of Class A common stock at an exercise price of $287.50, are traded on OTC Markets Group, Inc. under the symbol SOARW.
According to the press release statement, the company intends to file a registration statement on Form S-4 with the SEC, which will include a preliminary proxy statement and prospectus. The company’s shareholders will receive the definitive proxy statement once the registration statement is declared effective, and will be asked to vote on the proposed merger.
No further details on the financial terms or expected timeline for the merger’s completion were disclosed in the filing.
In other recent news, Volato Group Inc. has announced a definitive business combination agreement to acquire M2i Global Inc., a company specializing in critical minerals supply chain development. This transaction is set to transform Volato into a diversified industrial platform, with M2i Global shareholders expected to own approximately 85% of the combined company. Additionally, Volato is developing the digital infrastructure for the U.S. Strategic Mineral Reserve in collaboration with M2i Global, enhancing mineral traceability and compliance across the U.S. and allied nations.
On the financial front, Volato’s Vaunt platform is projecting net subscription sales between $1.0 million and $1.1 million for the third quarter of 2025. This represents a sequential growth of 35% to 50% compared to the previous quarter and a year-over-year increase of 180% to 200%. These developments come amid a period of significant transformation and growth for the company.
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