secwatch.observer — SEC 8-K summary
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Issuer:     Volato Group, Inc. (SOAR)
CIK:        0001853070
Form:       8-K
Filed at:   2026-09-11T21:25:16+00:00
Accession:  0001493152-26-042429
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853070/000149315226042429/0001493152-26-042429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853070/000149315226042429/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-042429

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