Volato Group, Inc. (SOAR) and M2i Global, Inc. (MTWO) have set a preliminary special shareholders’ meeting for February 26 2026, with a record date of January 17 2026, to vote on their all‑stock merger. The meeting date is contingent on the effectiveness of Volato’s Form S‑4 registration statement and the mailing of definitive proxy materials, but the announcement itself was made on December 17 2025.
The merger was first disclosed in a definitive agreement on July 28 2025, following a non‑binding term sheet issued on June 12 2025. The deal combines Volato’s aviation‑technology and software platforms—such as its Parslee Document Intelligence and private‑aviation services—with M2i Global’s critical‑minerals supply‑chain operations, positioning the combined company to serve the U.S. government’s push for domestic critical‑minerals sourcing and the growing demand for advanced aviation software.
Financially, Volato has reduced its total liabilities to $9.5 million as of September 30 2025 and reported stockholders’ equity of $4.1 million, meeting NYSE American listing standards. M2i Global, by contrast, posted a net loss of $1.76 million in its most recent quarter, reflecting the early‑stage nature of its mining and refining operations. These figures illustrate the complementary financial profiles that the merger seeks to balance.
Under the proposed ownership structure, M2i Global shareholders would own approximately 85 % of the combined entity, while Volato shareholders would hold about 15 %. Leadership will be led by Maj. Gen. (Ret.) Alberto Rosende as CEO, with Matt Liotta continuing to head the aviation and software unit. The dual‑engine model is intended to deliver resilience in national‑defense supply chains while expanding Volato’s reach into the high‑growth critical‑minerals market.
Regulatory approval is underway: Volato filed its Form S‑4 on December 15 2025, and the preliminary meeting is scheduled to confirm shareholder approval. The parties expect to close the transaction in the first quarter of 2026, subject to SEC review and customary closing conditions.
Management emphasized the strategic fit and momentum: CFO Mark Heinen said the S‑4 filing “marks another important milestone toward closing” and that the company “expects to achieve a first‑quarter 2026 closing.” CEO Matt Liotta noted that the preliminary meeting “reflects steady progress toward completing this transformative merger” and that the combined company will “enhance Volato’s financial position and expand its reach into the strategically important U.S. critical‑minerals market.” M2i CEO Alberto Rosende added that the partnership “will deliver a secure and transparent domestic supply chain for the minerals that power advanced manufacturing and national defense.”
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