VTAK News & Events

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.

Flyte announced increased flight capacity and the launch of a targeted hiring initiative following the shutdown of Spirit Airlines, which ceased operations on May 2, 2026 after failing to secure funding. Spirit Airlines' abrupt exit has led to widespread flight cancellations, impacted approximately 17,000 employees of which over 2,400 were pilots, and stranded passengers nationwide, marking one of the largest U.S. airline disruptions in recent decades. The disruption has reduced available capacity across key domestic routes, contributing to tighter availability and higher fares. The most direct way Flyte can contribute to those affected by the shutdown is to hire them. The company is launching a hiring initiative focused on pilots and other aviation professionals impacted by Spirit's exit, including a structured onboarding and training pipeline for pilots transitioning into Flyte's operations as the fleet expands.