Recent Updates — SOAR

SOAR AI, Inc. filed a Certificate of Amendment to its Charter with the Delaware Secretary of State on October 15, 2026, changing its legal name from Volato Group, Inc. The change became effective at 12:01 a.m. Eastern Time on October 19, 2026. The company's Class A common stock will continue to trade on the NYSE American LLC under the symbol "SOAR," and the CUSIP number remains unchanged. No stockholder approval was required for this administrative change. Additionally, the company posted a revised investor presentation on October 21, 2026, outlining its strategy regarding AI infrastructure, GPU deployments, and data center operations. SOAR AI, Inc. operates in the artificial intelligence sector, focusing on high-performance computing infrastructure.

Volato Group entered into a Common Stock Purchase Agreement granting the right to sell up to $1 billion in newly issued Class A common stock to DFU LLC over 36 months. The company also issued 3,646,974 commitment shares and established Series B convertible preferred stock convertible into approximately 56.5 million common shares upon stockholder approval. Volato operates in the aviation technology sector.

Volato Group’s Alignment Engine subsidiary entered into a Master Services Agreement with an unnamed large AI customer for dedicated, single-tenant GPU clusters at its Ohio campus. The agreement includes two initial orders totaling approximately $1.17 billion in aggregate contractual value over 48-month terms. The first deployment utilizes AMD MI355X GPUs starting December 31, 2026, and the second uses AMD MI455X GPUs starting June 30, 2027. The customer committed to approximately $133 million in contractual prepayments, including roughly $40 million due upon execution. This represents Alignment Engine’s first major customer commitment for its AI infrastructure platform. Volato Group operates as an AI infrastructure and software company.

Volato Group, Inc. entered into an Executive Services Agreement with Christopher M. Ensey, its CEO and a Board member, effective September 11, 2026. Mr. Ensey serves as an independent contractor receiving an annual fee of $400,000 payable in monthly installments. He is eligible for a restricted stock award covering 5% of fully diluted capitalization, vesting in five 1% tranches contingent on market capitalization milestones ranging from $2.5 billion to $17.0 billion and contracted capacity targets between ~63 MW and ~400 MW. Unvested shares are forfeited upon termination unless specific conditions regarding cause or good reason are met, potentially allowing proportional vesting based on actual valuation at the time of departure. The company operates in the aviation technology sector.

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.