Volato Group Suspends Further Utilization of Convertible Note Facility; Outstanding Note Balance Reduced to Zero
Volato Group, Inc. Class A (SOAR)
Company Research
Source: Business Wire
Substantially Reducing Potential Dilution Overhang Ahead of Proposed M2i Global Transaction ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”) today announced that it has suspended further borrowings/drawdowns under its convertible note facility (the “Facility”). The Company is not terminating the underlying securities purchase agreement but does not currently expect to access the Facility for additional convertible note funding.In addition, the Company reported that all previously issued notes under the Facility have been converted in full, and there is currently no outstanding principal balance under the Facility.Volato believes the suspension of potential future drawdowns and the full conversion of the previously issued notes supports a cleaner capital markets profile as the Company advances its proposed business combination with M2i Global, Inc. (OTCQB: MTWO) (“M2i Global”).“Because all notes have been converted and we do not intend t
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News
- M2i Global shareholder with super-voting preferred stock approves merger with Volato [Seeking Alpha]Seeking Alpha
- M2i Global shareholder backs Volato merger ahead of May vote [Yahoo! Finance]Yahoo! Finance
- M2i Global Stockholder Approval of Merger with NYSE American: SOARGlobeNewswire
- M2i Global, along with Volato Group, and Regenerate Technology Global Execute Strategic Partnership to Advance Battery Recycling Technologies to the U.S.GlobeNewswire
- Volato Group Announces April 17 Record Date and May 7 Special Meeting Date for Shareholder Vote on Proposed Merger With M2i GlobalBusiness Wire
SOAR
Sec Filings
- 4/28/26 - Form 425
- 4/28/26 - Form 8-K
- 4/22/26 - Form 8-K
- SOAR's page on the SEC website