Volato Group Inc., a technology-first private aviation company, and M2i Global, Inc., a developer of critical mineral supply chains, have announced a strategic transaction where Volato will acquire M2i Global. Upon completion, M2i Global will own approximately 90% of Volato's common stock, while current Volato shareholders will retain about 10%. Post-acquisition, Maj. Gen. (Ret) Alberto Rosende will become the CEO of Volato, with Matt Liotta continuing as President of the aviation and software unit. The transaction aims to combine Volato's aviation technology with M2i Global's focus on federal partnerships and battery metals, thus positioning the merged entity for future growth and industrial scale. The deal remains subject to customary closing conditions, including shareholder approvals.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.