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Volato Group And M2i Global Clear Key Merger Milestones, Target Q1 2026 Closing

Benzinga · 2d ago

Following the reopening of federal agencies, Volato Group and M2i Global advance key milestones toward an expected Q1 2026 closing

Volato Group, Inc. (the "Company" or "Volato") (NYSE:SOAR), today announced key developments in its pending all-stock merger with M2i Global, Inc. (OTCQB:MTWO). Volato has filed the Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission (the "SEC"), following the SEC's completion of its review of the initial confidential submission.

With the reopening of federal agencies following the recent government shutdown, both companies now anticipate closing the merger in the first quarter of 2026, pending completion of SEC review and shareholder approval.

Recent milestones and highlights

  • S-4 Filed: Volato has filed the Registration Statement on Form S-4 with the SEC on December 15, 2025, marking a key step toward shareholder approvals. This filing follows the SEC's completion of its review of the initial confidential submission, enabled by the resumption of normal government operations.
  • M2i Shareholder Approval Obtained: M2i Global shareholders have formally approved the merger with Volato Group, satisfying a key closing condition and demonstrating strong support for the combination.
  • Liability Condition Met: Volato reduced total liabilities to $9.5 million as of September 30, 2025, meeting the merger's debt closing condition.
  • Expects to Regain NYSE Compliance: The Company believes its stockholders' equity of $4.1 million as of September 30, 2025, satisfies NYSE American's continued listing standard, pending exchange confirmation.
  • Ongoing Operating Progress: Applying its proven enterprise-software expertise, Volato has developed and is preparing to pilot the secure technology backbone that will support critical mineral traceability, contracting, and compliance across the United States and allied nations.
  • M2i Global Commercial Activity: M2i Global has continued to develop its critical-minerals platform, including recent offtake and sourcing announcements supportive of long-term supply security.
  • Definitive Agreement Executed: Volato and M2i Global signed the Agreement and Plan of Merger on July 28, 2025, outlining an all-stock combination in which M2i Global will become a wholly owned subsidiary of Volato.