Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-41104 VOLATO GROUP, INC. (Exact name of Registrant as specified in its charter) (State or ot ...

Atlanta, GA and Reno, NV, Aug. 12, 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, is pleased to announce that Jon Najarian, a renowned market analyst and media personality, has joined M2i Global’s Advisory Board. M2i’s ecosystem provides partners with access to turn ...

Strategic divestiture aligns resources toward high-growth technology and aircraft trading initiatives ATLANTA, GA, June 30, 2025 (GLOBE NEWSWIRE) -- Volato Group, Inc. (the “Company” or “Volato”) (NYSE American: SOAR), a technology-driven private aviation company, today announced the completed sale of GC Aviation, Inc. (“GC Aviation”) for $2 million in cash. The transaction included the transfer of GC Aviation’s FAA Part 135 air carrier certificate, under which Volato had conducted its managed aircraft oper ...

Leviate joins Vaunt with 13 aircraft, including 6 HondaJets, reinforcing member demand for premium light jets ATLANTA, GA, June 26, 2025 (GLOBE NEWSWIRE) -- Volato Group, Inc. (the “Company” or “Volato”) (NYSE American: SOAR) today announced that Leviate Air Group has joined its Vaunt platform as an approved third-party operator, adding 13 additional aircraft to the network—including 6 HondaJets. The partnership strengthens Vaunt’s core offering in the light jet category and expands access to one of the mos ...

Subscription sales expected to reach $700K–$800K in Q2 2025, up from $389K in Q1 ATLANTA, GA, June 17, 2025 (GLOBE NEWSWIRE) -- Vaunt, the spontaneous private aviation platform operated by Volato Group, Inc. (NYSE American: SOAR), today announced projected Q2 2025 subscription sales between $700,000 and $800,000—potentially doubling the first quarter and continuing a rapid growth trajectory that began in late 2024. This performance builds on subscription sales of $389,000 in Q1 2025. The continued accelerat ...

Group 1: Company Transactions - CureVac N.V. is proposed to be sold to BioNTech SE, with each CureVac share exchanged for approximately $5.46 in BioNTech ADSs, resulting in CureVac shareholders owning between 4% and 6% of BioNTech post-transaction [1] - Know Labs, Inc. is set to be sold to Goldeneye 1995 LLC, with details on shareholder rights available [2] - Volato Group, Inc. will merge with M2i Global, Inc., with current Volato shareholders expected to own approximately 10% of the combined entity after the merger [2] - Heliogen, Inc. is proposed to be sold to Zeo Energy Corp., with Heliogen's securityholders receiving shares valued at approximately $10 million based on a price of $1.5859 per share, subject to adjustments [3] Group 2: Legal Rights and Options - Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the aforementioned transactions, and may seek increased consideration for shareholders [4] - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [5]

Core Viewpoint - M2i Global, Inc. is set to be acquired by Volato Group, Inc., creating a dual-platform public company focused on critical minerals and aviation technology, aligning with U.S. mineral independence strategy and enhancing growth opportunities [1][9][10] Company Overview - M2i Global specializes in developing a global value supply chain for critical minerals, aiming to establish a U.S. Strategic Mineral Reserve in collaboration with the U.S. government [5][23] - Volato Group is a technology-first aviation company that provides innovative solutions in aviation software and on-demand flight access [22] Transaction Details - Upon completion of the acquisition, M2i Global will own approximately 90% of Volato Group's common stock, while current Volato shareholders will retain about 10% [3][15] - The acquisition structure is expected to be a reverse triangular merger, with M2i Global as the surviving entity [14] Leadership Changes - Matt Liotta will transition from CEO of Volato Group to President of the aviation technology business lines, while Maj Gen (Ret) Alberto Rosende will become the new CEO of Volato Group [4][17] Financial Highlights - Volato Group reported Q1 2025 revenue of $25.5 million and net income of $0.5 million, with expected Q2 2025 revenue between $24 million and $26 million [8] - M2i Global's acquisition is anticipated to enhance shareholder value and provide access to public equity currency for growth and acquisitions [10][15] Strategic Rationale - The combination of M2i Global and Volato Group creates differentiated revenue streams and a diversified capital base, addressing U.S. national priorities in mineral independence and industrial security [9][13] - The partnership aims to leverage technology expertise in tracking and tracing minerals, enhancing transparency in the critical minerals supply chain [10][22] Partnerships and Agreements - M2i Global has established a joint venture with Reforme Group and an exclusive offtake agreement with NT Minerals Limited for 88,000 tonnes of copper, valued at approximately $850 million [8] - Collaborations with Regenerate Technology Global and Next-Gen Energy Technology are aimed at advancing battery technology and establishing lithium manufacturing outside of China [8]

For the Transition Period From to Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number ...

"We're managing cash tightly, prioritizing commitments that move the company forward," said Mark Heinen, Chief Financial Officer of Volato. "The combination of operational discipline, creditor engagement, and a focused capital raise is designed to extend our runway and position Volato for long-term financial sustainability." Volato Reports Positive Net Income in Q1 2025 and Over $20 Million in Debt Reduction; Targets Additional Settlements and Capital Raise to Extend Operating Runway Atlanta, GA – May 15, 2 ...

Financial Performance - Volato generated over $1.5 million in Annual Recurring Revenue (ARR) from the Vaunt platform, which has surpassed 100,000 app downloads and completed 598 flights in 2024[14][18]. - The company expects to take delivery of three Gulfstream G280 aircraft in 2025, with each aircraft projected to generate between $4.0 million to $5.0 million in gross profit and return $3 million in cash on deposit[44]. Operational Efficiency - The proprietary software Mission Control was developed to enhance operational efficiency for Part 135 operators, addressing scheduling, crew management, and customer engagement challenges[17][22]. - Mission Control's real-time analytics and dashboards provide operators with insights into key operational metrics, fostering data-driven decision-making[28]. - The company aims to set a new standard in private aviation software with its flexible subscription model for Mission Control, targeting operators seeking to improve operational efficiency[34]. - The company has integrated its Mission Control platform with industry-standard tools, enhancing operational efficiency through real-time data synchronization[30]. Market Strategy - Vaunt aims to expand its inventory by onboarding additional Part 135 operators, providing them with a revenue-sharing subscription model to list their flight inventory[42][43]. - Vaunt plans to onboard additional Part 135 operators to expand its inventory and flight variety, utilizing a revenue-sharing subscription model[42]. - Vaunt members can access empty leg flights at no additional cost, enhancing affordability and accessibility to private aviation[38]. - The platform aggregates empty leg flights from Part 135 operators and lists them 2-5 days before departure, allowing members to secure entire aircraft for their flights[39]. - The private aviation industry experiences 30-40% of flight activity as empty leg flights, representing significant inefficiencies that Vaunt aims to address[35][36]. - Vaunt aims to address this inefficiency by providing a platform that matches empty legs with a broader customer segment, offering affordable access to private aviation[37]. Technology and Innovation - The company has a patent-pending technology to repurpose underutilized aircraft resources for cryptocurrency mining, exploring new revenue-generating activities[14]. - The company has a new patent-pending technology filed in 2023 that repurposes underutilized aircraft resources for cryptocurrency mining[54]. Compliance and Employee Information - Compliance with data privacy laws, including the California Consumer Privacy Act (CCPA), is critical for Volato's operations, especially regarding personal information management[45][47]. - As of March 21, 2025, the company has 12 full-time employees, all located in the United States[49]. - The company has not experienced any work stoppages and none of its employees are represented by a labor organization[50]. - The company has a commitment to advanced technology and customer-focused solutions, building scalable tools to elevate service quality in private aviation[14]. - Volato employs various strategies to protect its intellectual property, including trademarks and confidentiality agreements, while also evaluating new technology development initiatives[53].