other_material
confidence high
sentiment neutral
materiality 0.50
Volato issues 1.2M shares to acquire 16M shares of M2i Global in $2M exchange
Volato Group, Inc.
- Volato issued 1,197,604 shares of Class A common stock in exchange for 16,000,000 shares of M2i Global (OTC: MTWO).
- Exchange valued at aggregate $2M; implied Volato share price of $1.67 and M2i share price of $0.125.
- Volato agreed to file a resale registration statement for the shares within 60 days of issuance.
- Shares issued under Section 4(a)(2) and Regulation D as unregistered, restricted securities.
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