Volato Group Enters Into Amendment To $1.3M Aircraft Management Services Agreement With flyExclusive Providing For Sale Of Certain Legacy Intellectual Property Assets

Volato Group, Inc. (the "Company" or "Volato") (NYSE:SOAR) today announced that it has entered into an amendment to its Aircraft Management Services Agreement with flyExclusive, Inc. ("FLYX") providing for the sale of certain legacy intellectual property assets.

The agreement provides for consideration valued at approximately $1.3 million, payable in FLYX Class A common stock, subject to customary conditions. The assets relate to legacy intellectual property developed during earlier stages of the Company's technology initiatives and are not part of Volato's current operating platforms.

Volato continues to evaluate opportunities to streamline its asset base and focus resources on strategic priorities, including the continued development of its core software platforms and the pending business combination with M2i Global, Inc.