Volato Stock Jumps 26% After Alignment Engine Deal Closes
Volato Group shares are trading higher after the company completed its merger with Alignment Engine, expanding into AI data center market.
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Volato Group Inks ~$500M Deal To Merge With Alignment Engine
Volato Group, Inc. (NYSE American: SOAR) ("Volato" or the "Company") today announced that it has entered into a definitive agreement to merge with Alignment Engine, Inc. ("Alignment Engine"), an
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Volato Group shares are trading higher after the company closed its merger with Alignment Engine, disclosed a 180-day lock-up agreement with company directors and officers and announced a $7,500,000 senior unsecured promissory note.
Volato Closes $500M Aligned Merger, With Aligned Holders Set To Own 95% Of Volato On A Fully Diluted Basis; Establishes Series A/A-1 Convertible Preferred Stock As Merger Consideration, Convertible Into Common Shares At $0.1537 Per Share
To the extent required, the information set forth under the heading "Merger Agreement Amendment" in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01. As consideration
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