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Surf Air (SRFM) Invests $26M to Develop SurfOS
Yahoo Finance· 2026-01-03 11:19
Core Insights - Surf Air Mobility Inc. (NYSE:SRFM) has allocated $26 million from a recent $100 million strategic transaction to develop and commercialize its SurfOS products, including BrokerOS, OperatorOS, and OwnerOS [1][2]. Funding and Development - The funding will enhance engineering and go-to-market capabilities, develop enterprise-grade solutions, and introduce new modules, aiming to increase market share in the air mobility software sector [2]. - SurfOS's core operating system is powered by Palantir Technologies Inc.'s Foundry and AIP Platforms, specifically for the Part 135 regional aviation segment, with an expanded partnership for enterprise implementation services [3]. Operational Improvements - Surf Air Mobility Inc. has reported operational improvements after adopting SurfOS tools, including reduced On Demand team expenses, leading to higher revenues at lower costs, and a significant increase in bookings per broker [4]. - The crew scheduling tool in the Northeast and Hawaii regions has helped prevent scheduling errors, reduce compliance risk, and simplify operations [4]. Company Overview - Surf Air Mobility Inc. operates in electric aviation, software, and air travel, providing technology to modernize air operations and support the adoption of next-generation aircraft [5].
Volato Group to Acquire M2i Global, Creating Dual-Platform Growth Company Focused on Critical Minerals Infrastructure and Aviation Software
GlobeNewswire News Room· 2025-06-12 12:00
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]