Workflow
Vaunt
icon
Search documents
Volato Enters $320 Billion Critical Minerals Marketi with Execution of Definitive Agreement to Acquire M2i Global
Globenewswire· 2025-07-29 12:00
Core Viewpoint - The proposed business combination between Volato Group, Inc. and M2i Global, Inc. aims to create a public company that enhances U.S. mineral independence and diversifies Volato's industrial platform, integrating aviation technology with critical minerals supply chain solutions [1][2][6] Company Overview - Volato is a technology-driven private aviation company focused on innovative solutions in aviation software and on-demand flight access, with a proprietary Mission Control software that enhances operational efficiency [19] - M2i Global specializes in developing a complete global value supply chain for critical minerals, aiming to establish a U.S. Strategic Mineral Reserve in partnership with the government [20] Transaction Details - Volato will acquire 100% of M2i Global's outstanding shares, with M2i Global shareholders expected to own approximately 85% of the combined company, while Volato shareholders will own about 15% [4][17] - The transaction will be structured as a reverse triangular merger, allowing M2i Global to become a wholly-owned subsidiary of Volato [17] Leadership Changes - Following the acquisition, Matt Liotta will transition from CEO of Volato to President of its aviation technology business lines, while Major General (Ret.) Alberto Rosende will assume the role of CEO of Volato [5][9] Strategic Rationale - The combination is positioned to capitalize on the increasing demand for domestic sourcing of critical minerals, driven by national security concerns and geopolitical pressures [7][8] - The merged entity will leverage Volato's operational discipline and M2i Global's expertise in government and private sector channels to accelerate growth and deliver value [8][22] Financial Highlights - Volato reported Q1 2025 revenue of $25.5 million with a net income of $0.5 million, and expects Q2 2025 revenue between $25 million and $4 million in net income [16] - M2i Global has secured an exclusive offtake agreement for 88,000 tonnes of copper, valued at approximately $850 million based on current market prices [16]
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]