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0.0458648450841668 0.00439131495486696 0.000243961941937031 -0.0273237374969504 -0.037570139058307 -0.0282995852646987 -0.113198341058795 -0.0731885825811174
Stock impact report

Volato Announces $1.3 Million Agreement to Monetize Unused Intellectual Property

Volato Group, Inc. Class A (SOAR) 
Company Research Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (the “Company” or “Volato”) (NYSE American: SOAR) today announced that it has entered into an amendment to its Aircraft Management Services Agreement with flyExclusive, Inc. (“FLYX”) providing for the sale of certain legacy intellectual property assets.The agreement provides for consideration valued at approximately $1.3 million, payable in FLYX Class A common stock, subject to customary conditions. The assets relate to legacy intellectual property developed during earlier stages of the Company’s technology initiatives and are not part of Volato’s current operating platforms.Volato continues to evaluate opportunities to streamline its asset base and focus resources on strategic priorities, including the continued development of its core software platforms and the pending business combination with M2i Global, Inc.“Volato has developed a meaningful portfolio of proprietary technology over the past several years,” said Matt Liotta, Co-Foun Show less Read more
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