- Volato (SOAR, Financial) to acquire M2i Global (MTWO) in a strategic transaction, leveraging scale and platform independence.
- M2i Global to hold approximately 90% of Volato's shares post-acquisition.
- The combined entity aims to expand in both aviation technology and critical minerals sectors.
Volato Group, Inc. (SOAR), a leading technology-driven private aviation company, has announced a strategic acquisition of M2i Global, Inc. (MTWO), a key player in the full-spectrum critical mineral supply chain. This move is designed to harness industrial scale and platform independence for both companies, setting the stage for significant growth.
Upon completion of the acquisition, M2i Global will receive common shares of Volato stock, resulting in M2i Global owning approximately 90% of the total issued and outstanding shares of Volato. Conversely, current shareholders of Volato will retain about 10% ownership. This restructuring aims to maximize shareholder value by integrating high-growth U.S. critical mineral platforms with Volato's existing aviation technology and services.
Following the transaction, Retired Maj. Gen. Alberto Rosende will take on the role of CEO at Volato, while Matt Liotta, the current CEO, will remain on the board and lead the aviation and software unit as President. This shift is expected to preserve management continuity while driving operational momentum.
Key elements of the transaction include M2i Global's $850 million offtake agreement with NT Minerals and strategic partnerships in battery recycling and mining. Volato's proprietary aviation software and the Vaunt experiential platform will continue to form the backbone of the aviation technology unit.
The transaction awaits customary closing conditions, including shareholder approvals from both companies. This strategic alignment is anticipated to provide dual growth avenues, capitalizing on both federal initiatives in critical minerals and burgeoning aviation software markets.
