secwatch.observer — SEC 8-K summary
======================================

Issuer:     Volato Group, Inc. (SOAR)
CIK:        0001853070
Form:       8-K/A
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001493152-25-027555
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853070/000149315225027555/0001493152-25-027555-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853070/000149315225027555/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-027555

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer