Volato suspends further utilization of convertible note facility

Volato Group (SOAR) has suspended further borrowings/drawdowns under its convertible note facility. The Company is not terminating the underlying securities purchase agreement but does not currently expect to access the Facility for additional convertible note funding. In addition, the Company reported that all previously issued notes under the Facility have been converted in full, and there is currently no outstanding principal balance under the Facility. Volato believes the suspension of potential future drawdowns and the full conversion of the previously issued notes supports a cleaner capital markets profile as the Company advances its proposed business combination with M2i Global, Inc. (MTWO).