---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-039032"
form_type: "8-K"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:41:11.392416+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Volato outsources aircraft management to flyExclusive; grants merger option

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-039032
- form_type: 8-K
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853070/000162828024039032/0001628280-24-039032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000162828024039032/soar-20240902.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-039032
- JSON: https://secwatch.observer/filing/0001628280-24-039032.json
- Plain text: https://secwatch.observer/filing/0001628280-24-039032.txt

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