The investment of restricted common stock will strengthen Volato's balance sheet and supports the Company's renewed focus on artificial intelligence, including the evaluation of potential acquisition and merger opportunities in AI infrastructure, AI software, data infrastructure, compute, power generation, and related sectors.

The investment is subject to certain customary closing conditions, including without limitation the authorization of a supplemental listing application filed by Volato with the NYSE American stock exchange.

The investment follows the recent termination of Volato's previously announced transaction with M2i Global. Volato believes the termination does not alter its ability to pursue the milestones under its accepted NYSE American compliance plan, and management remains focused on executing that plan while pursuing opportunities designed to enhance long-term shareholder value.

Volato has received two unsolicited non-binding letters of intent related to potential transactions within the artificial intelligence ecosystem, including opportunities involving AI data center infrastructure and power generation assets supporting AI workloads. No definitive agreements have been executed, and there can be no assurance that either opportunity will result in a completed transaction. However, management believes these opportunities support the Company's decision to pursue an AI-focused strategy and reflect the breadth of opportunities emerging across the AI infrastructure sector.

Volato currently owns Parslee, an AI software platform focused on improving the reliability and auditability of AI systems through deterministic document intelligence technology. The Company is also developing Volato AI, an initiative that combines Parslee's technology with Volato's operational experience in aviation to develop specialized AI agents and software for the aviation industry. Together, these initiatives provide the Company with direct operating experience in artificial intelligence as it evaluates larger opportunities within the AI infrastructure ecosystem.

Volato intends to continue evaluating opportunities in AI infrastructure, AI software, data infrastructure, compute, power generation, and related sectors that could enhance shareholder value and further align the Company's public market platform with its long-term strategic direction.