Volato Group (SOAR) Registration Filing summary

Company overview and business model

• Operates in private aviation, offering innovative aviation software and on-demand flight access, with a focus on proprietary software and aircraft sales after transitioning fleet operations to a third party in 2024.

• Developed Mission Control, a proprietary platform for managing fractional ownership, charter, and other aviation services.

• Entered a business combination in December 2023 and is pursuing a merger with M2i Global, expected to result in M2i Global shareholders owning 85% of the combined company.

Financial performance and metrics

• Received $4.05M, $1.35M, $2.7M, and $1.998M in gross proceeds from four tranches of convertible notes between December 2024 and October 2025.

• Implemented cost-saving measures in 2024 to address NYSE American equity compliance.

• Auditors included a going concern explanatory paragraph in the 2024 and 2023 financial statements.

Use of proceeds and capital allocation

• Net proceeds from note sales are allocated to general corporate and working capital purposes, with management retaining broad discretion over their use.