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Volato Group Inc. (NYSE American: SOAR) entered into an amendment to its Aircraft Management Services Agreement with flyExclusive Inc., providing for the sale of legacy intellectual property assets valued at approximately $1.3 million.
The consideration will be paid in flyExclusive Class A common stock, subject to customary conditions. The intellectual property relates to legacy assets developed during earlier stages of Volato’s technology initiatives and are not part of the company’s current operating platforms.
The amendment was executed in March 2026 and reflects ongoing collaboration between Volato and flyExclusive across aviation operations and technology areas.
"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. "From time to time we identify opportunities to monetize assets that are not central to our current operating roadmap."
Volato stated it continues to evaluate opportunities to streamline its asset base and focus resources on strategic priorities, including development of its core software platforms and its pending business combination with M2i Global Inc.
The company operates as a technology firm focused on building software and data solutions for business decisions. Its Parslee Document Intelligence platform works with large language models to add structure to complex documents such as contracts and SEC filings.