Volato Closes $2.2 Million PIPE Priced at $0.34 Per Share

Strategic investors support Volato’s AI-driven aviation strategy and next phase of growth across software-enabled operating platforms

Volato Group, Inc. (NYSE:SOAR) ("Volato" or the "Company") today announced the closing of a $2.2 million private investment in public equity ("PIPE") financing priced at $0.34 per share.

The financing strengthens Volato’s balance sheet and provides additional capital flexibility as the Company advances its AI-focused strategy, including the application of its artificial intelligence technology, aviation operating experience, and software development capabilities to private aviation and other software-enabled markets. Volato is also evaluating acquisition, merger, and strategic combination opportunities from companies seeking to leverage its public-company platform, technology assets, and operating expertise.

The transaction was completed with a group of strategic investors led by Catheter Precision, Inc. (NYSE:VTAK), the parent company of Flyte, a technology-enabled regional air mobility platform. The Company issued an aggregate of 6.5 million shares of common stock in the transaction, generating approximately $2.2 million in gross proceeds.

The investment follows Volato’s recently announced strategic relationship with Flyte, which provides a basis to explore potential future collaboration across private aviation platforms. Volato believes the relationship is well aligned with its strategy to apply AI technology and aviation-specific software tools to improve operational efficiency, customer experience, and scalability across aviation businesses.

"Closing this financing at $0.34 per share provides additional capital flexibility while reinforcing strategic investor support for Volato’s next phase," said Mark Heinen, Chief Financial Officer of Volato. "Our focus remains on disciplined capital allocation, preserving optionality, and pursuing opportunities where Volato’s public-company platform, aviation experience, and AI technology assets can support long-term shareholder value."

Volato currently owns Parslee, an AI software platform focused on improving the reliability and auditability of artificial intelligence systems through deterministic document intelligence technology. The Company is also developing Volato AI, which combines Parslee’s technology with Volato’s aviation operating experience to create specialized AI software, workflow automation tools, and intelligent agents for aviation businesses.

Volato’s strategic review is focused on opportunities that can build on the Company’s strengthened financial position, existing AI assets, aviation knowledge, and public-company infrastructure. The Company is currently reviewing inbound strategic opportunities, with an emphasis on transaction quality, operating alignment, and long-term shareholder value creation.

About Volato Group, Inc.

Volato Group, Inc. (NYSE:SOAR) is an AI software company building operational systems for aviation businesses. Drawing on firsthand experience running private aviation operations, Volato develops AI-powered tools designed to reduce manual work, improve responsiveness, and help operators scale more efficiently. Volato’s aviation solutions are built on Parslee, an autonomous-work platform that combines business context, shared memory, and human-in-the-loop controls. Volato also operates Vaunt, an experiential private aviation platform with recurring revenue characteristics and a software-and-service marketplace model.

For more information, visit www.volatoai.com.

No Offer or Solicitation

This communication is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation, or solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell, or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to any proposed transaction or otherwise. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the Company’s strategic investment, intended use of proceeds, AI-focused strategy, evaluation of acquisition and merger opportunities, potential transactions, letters of intent, AI infrastructure opportunities, NYSE American compliance plan, business strategy, Vaunt growth, Parslee development, and potential shareholder value creation.

Forward-looking statements can often be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "targets," "would," "will," "should," "could," "may," "potential," "opportunity," "evaluate," and similar expressions.

Forward-looking statements are based on current expectations, assumptions, estimates, and projections and are not guarantees of future performance or events. Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including the risk that the Company may not enter into or complete any acquisition, merger, financing, or other strategic transaction; that letters of intent may not result in definitive agreements; that any potential transaction may be subject to regulatory, financing, shareholder, third-party, diligence, market, or other conditions; that AI infrastructure opportunities may involve substantial capital requirements, operational complexity, power availability, regulatory approvals, and integration risks; that the Company may not regain or maintain compliance with NYSE American continued listing standards; that the Company’s stock price may experience volatility; and the other risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, subsequent reports filed with the SEC, and other filings the Company may make from time to time.

All forward-looking statements speak only as of the date they are made. Volato undertakes no obligation to update or revise any forward-looking statement, except as required by law.

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Investor Contact:

investors@flyvolato.com