Volato Shareholders Back M2i Global Merger with 99% Approval, Deal Set for Mid‑2026 Close

TL;DR: Volato shareholders approved the M2i Global merger with 99% support; the deal is slated to close by June 2026, leaving former M2i owners with about 85% of the new company.

Context: The merger was first announced in June 2024. A special meeting saw 15.1 million shares present or represented by proxy, about 40% of the total entitled to vote. Of those shares, 99% voted in favor of the combination.

Context: Volato plans to sell its remaining aviation assets, including the Vaunt empty‑leg program, to FlyExclusive. This move follows Volato’s exit from its fractional and jet card offerings in August 2024.

Key Facts: The 15.1 million shares represented roughly 40% of Volato’s total voting shares. The approval rate of 99% exceeded the threshold needed to proceed.

Key Facts: The companies expect to finalize the merger by the end of the second quarter of 2026. A Form 8‑K filing with the SEC will report the final vote within the next three business days.

Key Facts: After closing, former M2i Global shareholders will own approximately 85% of the combined entity. Volato’s existing shareholders will retain about 15%.

What It Means: The combined firm will pair M2i Global’s mining, refining, and recycling capabilities with Volato’s software, data systems, and operational expertise. This blend aims to create a technology‑enabled platform for critical minerals supply chains.

What It Means: By integrating M2i’s resource processing with Volato’s execution tools, the venture seeks to strengthen domestic supply chains for essential materials. The structure positions the company to capture value across the full minerals value chain.

What It Means: Volato’s divestiture of its aviation arm to FlyExclusive will streamline its focus on the critical minerals business. FlyExclusive is set to announce its Q1 2026 results after market close on May 11, 2026.

What to watch next: Investors should monitor the upcoming SEC filing for detailed vote totals, FlyExclusive’s quarterly results, and any regulatory updates that could affect the mid‑2026 closing date.