Volato Sells Legacy Tech, Cements Pivot to Minerals and Software

ATLANTA, GA – March 10, 2026 – Volato Group, Inc. has announced the sale of legacy intellectual property to private aviation firm flyExclusive, Inc. for approximately $1.3 million, a move that marks another definitive step in its profound strategic transformation. The deal, payable in flyExclusive Class A common stock, sheds light on Volato's deliberate pivot away from its aviation roots toward a future in scalable software and the critical minerals sector.

The transaction, detailed in an amendment to a pre-existing agreement between the two companies, involves technology that Volato describes as non-essential to its current operations. This sale is not an isolated event but the latest in a series of calculated divestments designed to streamline the company's focus and fortify its balance sheet as it prepares for a transformative merger with M2i Global, Inc.

“Volato has developed a meaningful portfolio of proprietary technology over the past several years,” said Matt Liotta, Co-Founder and Chief Executive Officer of Volato, in the company's official statement. “From time to time we identify opportunities to monetize assets that are not central to our current operating roadmap. This transaction reflects that disciplined approach while generating incremental value for our shareholders.”

A Disciplined Divestment

The intellectual property at the center of the deal is Volato’s “Mission Control” scheduling software. Once a core part of its aviation technology suite, the platform is now considered a legacy asset as Volato sharpens its focus on new software ventures. The $1.3 million valuation, settled with stock instead of cash, underscores a tightening alliance with flyExclusive and provides Volato with a non-dilutive infusion of value to its asset base.

This move is a clear execution of the strategy outlined by the company: to methodically monetize its past to fund its future. By converting a non-core, internally-developed software into a liquidatable stock asset, Volato is effectively “clearing the decks,” freeing up resources and management attention for what it considers its primary growth engines: the Parslee Document Intelligence platform and the impending business combination with M2i Global.

The End of an Aviation Era

Today's announcement is the culmination of a multi-stage strategic withdrawal from direct aviation operations. The relationship with flyExclusive has been instrumental in this process. In September 2024, Volato transitioned its entire aircraft fleet operations to flyExclusive, a significant move that signaled the beginning of the end for its life as an aircraft operator.

Following that, Volato continued to systematically dismantle its former business structure by selling its Part 135 charter certificate and its aircraft finance division, with flyExclusive again emerging as the buyer. This pattern of transactions highlights a deep, ongoing collaboration that extends far beyond a simple supplier-customer relationship. It portrays a strategic partnership where flyExclusive has systematically absorbed the operational aviation assets that Volato no longer sees as part of its long-term identity, allowing Volato to execute a clean and rapid pivot.

Charting a New Course: Software and Strategic Minerals

With its aviation past being neatly packaged and sold, Volato's future is coming into sharp focus. The company is re-centering its identity around two core pillars: high-tech software and the geopolitically vital critical minerals industry.

The first pillar is Parslee, its proprietary AI-powered document intelligence platform. Developed internally to manage complex aviation contracts and compliance filings, Parslee is now being commercialized as a standalone product. It is designed to enhance the accuracy of large language models (LLMs) by imposing structure and auditability on complex legal and financial documents, a significant challenge in the burgeoning AI space. The platform entered early pilot programs with paying customers in late 2025 and is seen as a key technology for the company's future.

The second, and more dramatic, pillar is its pending merger with M2i Global, Inc. This all-stock transaction, expected to close in the first quarter of 2026, will effectively transform Volato into a diversified industrial supplier. M2i Global specializes in developing secure, transparent supply chains for critical minerals like titanium, gallium, and graphite—materials essential for national defense and high-tech manufacturing. Post-merger, M2i shareholders will own the majority of the combined entity, which will leverage Volato’s software expertise to build the digital infrastructure for a U.S. Strategic Mineral Reserve, ensuring auditable and transparent movement of materials from mine to manufacturer.

A Strategic Play for flyExclusive

While Volato looks to the future in minerals and software, flyExclusive’s acquisition of the Mission Control software is a strategic move firmly rooted in the present of private aviation. The company has no intention of commercializing the software itself. Instead, flyExclusive's leadership has stated a plan to make the scheduling platform available to all aviation operators at no cost.

The rationale behind this seemingly altruistic move is to improve network efficiency across the entire private aviation industry. By providing a common platform for operators to securely share aircraft availability, flyExclusive believes it can help the industry better fulfill demand, source aircraft more efficiently, and execute flights with greater effectiveness. This long-term strategic play aims to elevate the operational floor for the whole sector, which would ultimately benefit a large-scale operator like flyExclusive.

This acquisition, therefore, is not merely a purchase of code but an investment in industry infrastructure, deepening the collaborative ties between the two companies. As Volato completes its metamorphosis, this final transfer of its aviation legacy serves as both a closing chapter and a launchpad, enabling it to fully embrace its new identity while providing its former partner with a tool to reshape their shared industry.