Volato files pro forma financials for M2i merger; reverse acquisition, Volato holders to own ~15%

Volato Group, Inc.

Estimated purchase price $13.6M, based on Volato stock closing price of $1.38 as of Nov 11, 2025.
M2i Global determined as accounting acquirer; Volato shareholders to own about 15% of combined entity.
Pro forma combined net loss from continuing ops $26.6M (FY2024) and net income $2.4M (9M2025).
Merger requires stockholder approval and closing conditions, including net debt cap of $10M that M2i may waive.
Pro forma includes $7.5M goodwill and fair-value adjustments for intangibles and convertible debt conversion.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.