Volato outsources aircraft management to flyExclusive; grants merger option

Volato Group, Inc.

Volato engaged flyExclusive to provide exclusive aircraft management services; FLYX retains revenue in excess of expenses as fee.
FLYX receives 12-month option to acquire Volato via merger; purchase price based on 30-day VWAP of Volato common stock.
Volato grants FLYX non-exclusive license to its Vaunt software for a monthly fee; FLYX may include its fleet for empty-leg marketing.
Volato employees (CEO, CFO, CTO, etc.) will provide consulting services to FLYX at cost (salaries + benefits).
Agreement term is 12 months; FLYX may terminate immediately for breach or on 30 days' notice.

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.