Recent Updates — SOARW

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.

On July 22, 2026, Volato Group, Inc. appointed David Allen to its Board of Directors, where he will serve as a Class III director and Chair of the Audit Committee, as well as a member of the Nominating and Governance and Compensation Committees. Simultaneously, the Board approved an Executive Employment Agreement for CFO Mark Heinen, providing an annual base salary of $310,000 and an annual incentive bonus target of 100% of base salary (maximum 200%). Mr. Heinen was also granted a one-time $50,000 cash performance bonus and a $100,000 retention bonus payable upon the closing of a Board-approved strategic business combination. Volato Group, Inc. operates in the industrial services sector, providing specialized solutions for infrastructure and energy markets.

Volato Group, Inc. announced preliminary second quarter 2026 results, highlighting the elimination of all outstanding convertible notes and a 75% year-over-year reduction in total liabilities to approximately $5 million. As of June 30, 2026, the company reported approximately $8.4 million in cash and cash equivalents. The Vaunt platform achieved record cash sales of $2.2 million, a 199% year-over-year increase, with projected Annual Recurring Revenue reaching $4.7 million. Active paid membership grew to approximately 2,743. Volato Group, Inc. provides aviation-related services and platforms.