M&A
confidence high
sentiment negative
materiality 0.75
Volato files pro forma financials for M2i Global reverse merger; $20.4M purchase price
Volato Group, Inc.
- Estimated purchase price $20.4M; Volato shareholders to own ~15% of combined entity.
- Pro forma combined net loss from continuing ops $26.5M for 2024, net income $0.9M for H1 2025.
- M2i Global to be accounting acquirer; 85% ownership to legacy M2i shareholders.
- Merger subject to stockholder approval and closing conditions including Volato net debt ≤$10M.
- Pro forma balance sheet: combined assets $44.7M, shareholders' equity $17.8M as of June 30, 2025.