Volato closes Aligned reverse merger; Aligned holders to own 95% of combined co

Volato Group, Inc.

Merger with Alignment Engine (Aligned) closed Sept 11, 2026; Aligned merged into Volato subsidiary Merger Sub.
Aligned holders get 79,078 Series A + 316,312 Series A-1 Preferred shares, convertible to 95% of Volato on as-converted diluted basis; Aligned valued at $500M.
CEO Matthew Liotta resigned at closing; Christopher Ensey, Aligned CEO since June 2023, appointed Volato CEO and board member.
$7.5M fifth-tranche senior unsecured convertible note issued Sept 11, 2026 (matures Sept 11, 2027) under Dec 2024 SPA; waivers granted.
Stockholder meeting to approve: conversion to 95% stock, elect 6 directors (5 Aligned, 1 Volato), name change, authorized-share increase, NYSE American listing.

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