SOAR AI (SOAR) Investor presentation summary

Recent developments

• Alignment Engine merger completed Sep. 11, 2026; the AI infrastructure business now operates within a NYSE American-listed entity.

• Rebrand announced Oct. 8; legal name change was expected Oct. 19, with trading under the new name expected Oct. 20.

• Ohio Phase I construction mobilized in September; initial customer service is targeted for Dec. 31, 2026.

• An up to $1B equity facility was announced Oct. 12, with draw timing and amounts at management’s discretion as growth requires.

Contracted demand and revenue

• Two 48-month take-or-pay orders cover 4,000 MI355X GPUs from Dec. 31, 2026, valued at $399.5M with $39.9M prepayment, and 4,000 MI455X GPUs from June 30, 2027, valued at $773.7M with $92.8M prepayment.

• Total contract value is $1.173B; contracted run rate is ~$24.4M monthly, or ~$293M annually, once both orders are in service.

• Fees are subject to delivery, customer acceptance, service-level and performance requirements; annual contract revenue assumes acceptance on contractual start dates.

Ohio campus and execution

• Phase I converts Building 285 at a former paper mill into a liquid-cooled data hall; design includes 9,216 GPUs across 1,152 Supermicro servers and 197 racks, with a 25 MW design block.

• Ohio site has 154 MW available, with a roadmap to 480 MW; lease power is scheduled to reach 49 MW by Feb. 2027.

• Cooling uses existing industrial wells separate from municipal water; the local council lifted its moratorium after a public review session on Sep. 14.

• Milestones include internal power-on Nov. 30, 2026, MI355X service start Dec. 31, chiller completion and 49 MW lease power in Feb. 2027, and MI455X service start June 30, 2027.