ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (the "Company†or "Volato†) (NYSE American: SOAR), today announced the appointment of Alan D. Gaines to its Board of Directors, effective immediately. Mr. Gaines will also serve as Chairman of the Audit Committee. Mr. Gaines is an accomplished investment banker, strategic advisor, and entrepreneur with more than four decades of experience in global capital markets, energy, critical minerals, and infrastructure development. Over his career, he has led. ...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Volato Group, Inc. (NYSE: SOAR) and M2i Global, Inc. is fair to Volato shareholders. Upon completion of the proposed transaction, current Volato shareholders will own approximately 10% of the combined company. Halper Sadeh encourages Volato shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sade. ...

Core Insights - The collaboration between Nimy Resources and M2i Global aims to establish a supply chain for gallium production, addressing the U.S.'s reliance on imports for this critical mineral [2][3][6] Company Developments - Nimy Resources and M2i Global have signed a non-binding Memorandum of Understanding (MOU) to negotiate the sale and purchase of gallium from the Mons Project in Western Australia [4][5] - The Mons Project is expected to provide a JORC-compliant gallium resource along with other critical minerals, enhancing the supply chain for the U.S. market [4][6] Market Context - The U.S. currently imports 100% of its gallium, with a significant portion sourced from China, highlighting the need for domestic production to ensure national security and supply chain resilience [3][6] - The agreement aligns with the increasing global demand for critical minerals, particularly gallium, which is essential for sectors such as semiconductors, aerospace, and defense [6][8] Strategic Initiatives - M2i Global has been granted exclusive rights to negotiate the purchase of up to 100% of gallium-bearing concentrates from the Mons Project for delivery to the U.S. [8][9] - M2i will assist Nimy in approaching U.S. entities as potential buyers, aligning with U.S. critical minerals priorities [8][9] Project Development - The due diligence period for M2i to conduct assessments will last six months, during which Nimy will provide necessary metallurgical data [9] - The parties aim to negotiate a formal offtake agreement within 12 months, ensuring a structured path towards commercialization [9][10] Leadership Statements - M2i Global's CEO emphasized the importance of securing a reliable source of gallium for the U.S., reinforcing the commitment to building a robust critical minerals supply chain [7] - Nimy's Managing Director highlighted the MOU as a pivotal moment for advancing the Mons Project towards production, validating the quality of their gallium resource [7]

Revenue and Income - Revenue for the three months ended September 30, 2025, was $381,000, a significant decrease from $38,466,000 in the same period of 2024, representing a decline of approximately 99%[16] - The net income for the three months ended September 30, 2025, was $7,145,000, compared to a net loss of $4,435,000 in the same period of 2024, marking a turnaround in performance[16] - Basic net income per share from continuing operations for the three months ended September 30, 2025, was $0.46, compared to a loss of $0.89 in the same period of 2024[16] - For the nine months ended September 30, 2025, the company reported a net income of $5.374 million from continuing operations, a significant improvement compared to a net loss of $14.249 million in the same period of 2024[20] - The company experienced a net income of $5,828,000 from discontinued operations for the nine months ended September 30, 2025, while the previous year showed a net loss of $24,495,000[20] Costs and Expenses - Total costs and expenses for the three months ended September 30, 2025, were $2,945,000, down from $36,333,000 in the prior year, indicating a reduction of about 92%[16] - The cost of revenue for the three months ended September 30, 2025, was $123 thousand, down from $32.1 million in the prior year[168] - The Company incurred an operating loss of $2,564,000 for the three months ended September 30, 2025, compared to an operating income of $2,133,000 in the same period of 2024[16] Assets and Liabilities - Total current assets decreased to $11,334,000 as of September 30, 2025, from $43,314,000 as of December 31, 2024, reflecting a decline of about 74%[14] - Total liabilities decreased to $9,485,000 as of September 30, 2025, down from $62,633,000 as of December 31, 2024, representing a reduction of about 85%[14] - The company reported an accumulated deficit of $93,105,000 as of September 30, 2025, an improvement from $104,307,000 as of December 31, 2024[14] - The company has a working capital of approximately $1.9 million as of September 30, 2025[32] Cash and Cash Equivalents - The company had cash of $4,350,000 as of September 30, 2025, compared to $2,161,000 as of December 31, 2024, indicating an increase of approximately 102%[14] - The company reported cash and restricted cash of $4.350 million at the end of the period, compared to $5.601 million at the end of the previous year[21] - The Company had zero and $1.8 million of restricted cash at September 30, 2025, and December 31, 2024, respectively, serving as collateral for a credit facility[40] Mergers and Acquisitions - The company entered into a merger agreement with M2i Global, Inc., which is expected to result in M2i's stockholders owning approximately 85% of the combined company[28] - The Company completed the sale of its former subsidiary GC Aviation, Inc. for $2.0 million, with $1.8 million recorded as a note receivable[27] Development and Operations - The company began development of an AI-based software platform in July 2025 to enhance the reliability of large language models for analyzing contracts and reports[29] - The company launched its proprietary consumer-facing empty leg platform, Vaunt, in the fourth quarter of 2023, contributing to revenue generation[24] - The company has continued to take delivery of new aircraft while transitioning management of its aircraft ownership fleet operations to flyExclusive, aiming for cost savings and focusing on high-growth areas[25] Stock and Equity - The Company’s total shareholders' equity improved to $4,105,000 as of September 30, 2025, from a deficit of $16,334,000 as of December 31, 2024[14] - The 2025 Stock Incentive Plan allows for the grant of up to 415,584 shares, with 220,838 shares available for issuance as of September 30, 2025[141] - As of September 30, 2025, there were 552,000 public warrants and 609,195 private placement warrants outstanding[145] Tax and Compliance - The company is subject to U.S. Federal, state, and local income tax examinations but is currently not under examination by any tax authority[71] - The effective tax rate was 4% for the three months ended September 30, 2025, compared to zero percent for the same period in 2024[137] Other Financial Metrics - The company recognized $147 thousand in bad debt expense during the nine months ended September 30, 2025, compared to zero in the same period of 2024[42] - The Company recorded a loss of $3.0 million due to the cancellation of the Forward Purchase Agreement in 2024[50] - The Company recognized a loss of $115 thousand in "Loss from change in fair value of financial instruments" related to the Investment in M2i[52]

Financial Results - Volato Group, Inc. announced its financial results for Q3 2025 on November 13, 2025[4] - The earnings press release is available as Exhibit 99.1, detailing the company's performance for the quarter ended September 30, 2025[4] - The financial results include key metrics that will be elaborated in the earnings press release[4] Company Information - The company is listed on NYSE American LLC under the trading symbol SOAR[2] - The report indicates that Volato Group, Inc. is classified as an emerging growth company[4] - The company has opted not to use the extended transition period for new financial accounting standards[4] Compliance and Documentation - The report was signed by Mark Heinen, Chief Financial Officer of Volato Group, Inc.[8] - The filing is in compliance with the Securities Exchange Act of 1934[7] - The report includes a cover page interactive data file embedded within the Inline XBRL document[5] Stock Information - The Class A common stock has an exercise price of $287.50 for its associated warrants[2]

Core Insights - Volato Group, Inc. will showcase its enterprise document-intelligence platform, Parslee, at Microsoft Ignite 2025, demonstrating its ability to transform unstructured data in Microsoft 365 into structured, auditable information for AI agents [1][3] Product Overview - Parslee AI Agents autonomously coordinate tasks, synthesize information, manage multi-step processes, and automate workflows, significantly reducing manual effort [2] - The platform offers two complementary products: Document Intelligence for reliable document analysis and AI Agents for autonomous workflow execution within corporate systems [4] Strategic Context - Parslee was initially developed to enhance Volato's compliance and operational workflows, evolving into a standalone software platform that supports scalable technology revenue [5] - The platform's development aligns with Volato's pending acquisition of M2i Global, focusing on auditability and process integrity in mission-critical operations [5] Product Features - Business Analyst Agent monitors metrics and creates tickets for issue resolution, while Finance Analyst Agent proposes financial adjustments based on data analysis [6] - Concierge & Communications Agents facilitate customer interactions and internal communications through Microsoft Teams and Outlook [6] Future Vision - Parslee aims to bridge the gap between document-driven businesses and autonomous enterprises, enhancing operational intelligence [7]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in major cities such as London, New York, Toronto, Vancouver, Sydney, and Perth [2][3] Group 2 - The company is committed to using technology to enhance workflows and improve content production [4] - Proactive employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Volato Group, Inc. has appointed Anthony Roger Moore to its Advisory Board, bringing over 55 years of global financial services experience [1][3] - M2i Global, Inc. focuses on developing a complete global value supply chain for critical minerals, aiming to reduce reliance on China for these materials [3][7] Company Overview - Volato is a technology-driven private aviation company that offers innovative solutions in aviation software and on-demand flight access, utilizing its proprietary Mission Control software [6] - M2i Global, through its subsidiary U.S. Minerals and Metals Corp., provides engineering and research services to ensure access to critical minerals for national defense and economic security [7] Strategic Goals - M2i aims to establish a Strategic Mineral Reserve in partnership with the U.S. Federal Government to create a resilient supply chain addressing the global shortage of essential minerals [7] - Anthony Moore's expertise and network, particularly in Africa, are expected to enhance M2i's efforts in securing critical mineral supplies [3][4] Leadership and Experience - Anthony Moore has extensive experience in capital markets financing, equity fundraising, and guiding startups through exits, including trade sales and IPOs [4] - His global network includes senior executive connections in government, public entities, and financial institutions, which can benefit M2i's strategic initiatives [5]

Core Insights - Volato Group, Inc. has appointed Anthony Roger Moore to its Advisory Board, bringing over 55 years of global financial services experience [1][3] - M2i Global, Inc. focuses on developing a complete global value supply chain for critical minerals, aiming to reduce reliance on China for these materials [3][7] Company Overview - Volato is a technology-driven private aviation company that offers innovative solutions in aviation software and on-demand flight access, utilizing its proprietary Mission Control software [6] - M2i Global, through its subsidiary U.S. Minerals and Metals Corp., provides engineering and research services to ensure access to critical minerals for national defense and economic security [7] Strategic Goals - M2i aims to establish a Strategic Mineral Reserve in partnership with the U.S. Federal Government to create a resilient supply chain addressing the global shortage of essential minerals [7] - Anthony Moore's expertise and network, particularly in Africa, are expected to enhance M2i's efforts in securing critical mineral supplies [3][4] Leadership and Experience - Anthony Moore has extensive experience in capital markets financing, equity fundraising, and guiding startups through exits, including trade sales and IPOs [4] - His global network includes senior executive connections in government, financial institutions, and corporate sectors, which will be leveraged to support M2i's mission [5] Industry Context - The U.S. is seeking to reduce its dependence on China for critical minerals, highlighting the importance of establishing alternative supply chains [3][4] - M2i's strategy aligns with national security and economic stability goals by ensuring a complete supply chain for critical minerals [3]

Core Insights - Vaunt, operated by Volato Group, Inc., is hosting an exclusive VIP Member Social event on September 25th in Miami to celebrate its members and enhance brand loyalty [1] Company Activities - The event will take place at Rosa Sky rooftop in Brickell, Miami, and is part of a national series aimed at reinforcing the brand's position in the private aviation and lifestyle sectors [1]