Volato Group, Inc. completed its merger with Alignment Engine Inc. on September 11, 2026, resulting in Aligned securityholders holding 95% of Volato’s Class A common stock on a fully diluted basis based on a $508.5 million combined post-closing valuation. The transaction involved the issuance of Series A and Series A-1 convertible preferred shares to Aligned holders, subject to future shareholder approval for conversion and listing on NYSE American. Concurrently, Volato issued a $7.5 million senior unsecured convertible promissory note as part of a financing plan supported by a waiver agreement with an institutional investor. At closing, Matthew Liotta resigned as CEO and Christopher Ensey was appointed Chief Executive Officer and Board member. Volato Group, Inc. operates in the technology sector.
