SOAR News & Events

Preliminary Second Quarter 2026 Highlights: All outstanding convertible notes were eliminated during the second quarter, leaving the Company with no convertible notes outstanding as of June 30. Total liabilities, excluding deferred revenue, declined approximately 75% year-over-year to approximately $5M. Deferred revenue is a non-cash liability and is excluded to provide investors with additional insight into the Company's cash obligation. Cash and cash equivalents of approximately $8.4M as of June 30. Record Vaunt cash sales of approximately $2.2M, representing 56% sequential growth compared to the first quarter of 2026 and 199% growth year-over-year. Vaunt Annual Recurring Revenue projected to reach approximately $4.7M as of June 30, representing 51% sequential quarter-end growth and 250% year-over-year growth. Vaunt membership: Approximately 2,743 active paid members, up 20% sequentially and 71% year-over-year. App downloads: Approximately 346,000 cumulative downloads. More than 2,500 flights booked and flown through the Vaunt platform since launch.

Volato Group (SOAR) announced the closing of a $2.2M private investment in public equity financing priced at $0.34 per share. The financing strengthens Volato's balance sheet and provides additional capital flexibility as the Company advances its AI-focused strategy, including the application of its artificial intelligence technology, aviation operating experience, and software development capabilities to private aviation and other software-enabled markets. Volato is also evaluating acquisition, merger, and strategic combination opportunities from companies seeking to leverage its public-company platform, technology assets, and operating expertise. The transaction was completed with a group of strategic investors led by Catheter Precision (VTAK), the parent company of Flyte, a technology-enabled regional air mobility platform. The Company issued an aggregate of 6.5 million shares of common stock in the transaction, generating approximately $2.2M in gross proceeds.

Volato files to sell 6.5M shares of Class A common stock for holders

Volato Group announced that it continues to evaluate multiple unsolicited, non-binding letters of intent related to potential strategic transactions in AI infrastructure and related sectors. The Company also reported that Vaunt annual recurring revenue, ARR, reached approximately $4M as of May 2026, representing approximately 221% year-over-year growth. The Company has not entered into definitive agreements with respect to the LOIs, and no assurance can be given that any discussions will result in a completed transaction. Management is evaluating potential opportunities based on strategic fit, capital requirements, execution risk, shareholder value potential, and the Company's ability to participate in scalable technology and infrastructure markets.