Mergers & Acquisitions ·
Volato Group, Inc. entered into a definitive Agreement and Plan of Merger to acquire Alignment Engine, Inc., an AI…
SOARWSOAR AI, Inc.
Volato Group, Inc. entered into a definitive Agreement and Plan of Merger to acquire Alignment Engine, Inc., an AI infrastructure company developing high-performance computing facilities for artificial intelligence workloads. The transaction values Alignment Engine at approximately $500 million. Under the terms, Alignment Engine shareholders will receive convertible preferred stock representing 95% of Volato’s common stock on a fully diluted basis, with additional warrants issued to a landlord. Matthew Liotta is expected to resign as CEO, succeeded by Christopher Ensey, while Mark Heinen remains CFO. The merger does not require immediate stockholder approval but involves subsequent approvals for share conversions and board elections. Volato Group operates in the aviation software industry.