---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-027555"
form_type: "8-K/A"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2025-12-12T23:59:59+00:00"
generated_at: "2026-05-16T13:23:29.711788+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Volato files pro forma financials for M2i Global reverse merger; 85% ownership to M2i holders

## Summary
- Pro forma combined assets $30.2M, liabilities $19.2M, equity $11.0M as of Sept 30, 2025.
- Combined net loss of $26.6M for 2024; combined net income of $2.4M for nine months 2025.
- Merger structured as reverse acquisition; M2i shareholders to own 85% of combined co., Volato holders 15%.
- Pro forma assumes 1-for-6 reverse stock split to meet NYSE American listing requirements.
- Net debt condition: M2i may waive $10M cap; Volato currently exceeds $10M net debt.

## SEC filing metadata
- accession: 0001493152-25-027555
- form_type: 8-K/A
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2025-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853070/000149315225027555/0001493152-25-027555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000149315225027555/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-027555
- JSON: https://secwatch.observer/filing/0001493152-25-027555.json
- Plain text: https://secwatch.observer/filing/0001493152-25-027555.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.