Volato Shareholders Approve M2i Global Merger with 99% Support

Volato holds emerging growth company status in its SEC filings. On May 7 2026 it held a special virtual‑only stockholder meeting, soliciting proxies per its April 13 statement. Shareholders presented about 15.1 million shares, or roughly 40 % of the total voting shares, by proxy, satisfying the quorum. On the April 17 2026 record date, the company had 38,903,163 shares outstanding and eligible to vote. The meeting addressed two proposals: approving the merger agreement and authorizing the issuance of new shares as merger consideration.

Shareholders cast 13,053,706 votes in favor, 158,282 against, and 8,614 abstained, representing 99 % support of those present. Broker non‑votes accounted for 1,919,968 shares. The merger agreement calls for Merger Sub to merge into M2i Global, leaving M2i Global as a wholly owned subsidiary of Volato. The companies expect to complete the merger by the end of Q2 2026, after which Volato will begin integrating M2i Global’s mineral exploration and processing operations. The combined entity will target the critical minerals sector, which sources estimate at roughly $400 billion in annual global sales.

Shareholder approval removes the final internal hurdle, allowing Volato to proceed with regulatory filings and closing conditions. Investors should monitor the definitive merger filing, any antitrust or securities‑regulator reviews, and Volato’s post‑close updates on capital allocation to the new minerals business. The move marks Volato’s first substantive entry into a market outside its traditional aerospace services line. Volato has indicated that the minerals business is expected to contribute to revenue growth, though specific figures have not been disclosed.