Volato Group, the former fractional and jet card operator and parent of empty leg platform Vaunt, has regained NYSE regulatory compliance.
Vaunt empty leg platform’s parent Volato Group said it has received written notice from the NYSE American LLC that it has regained compliance with the exchange’s equity standards.
Volato’s consolidated shareholders’ equity now exceeds the minimum required by Section 1003(a).
That brings the company back into compliance with the exchange’s equity listing standard.
As a result, the “below compliance” indicator will be removed from the trading symbol for its Class A common stock.
Additionally, Volato was removed from the list of noncompliant issuers on its website.
CFO Mark Heinen says, “Regaining compliance is a meaningful signal of the progress we have made in rebuilding the company’s financial foundation.”
He adds, “This clears the path for us to continue executing on value creation initiatives and move toward completion of the proposed merger with M2i Global.”
Heinen adds, “Our commitment to financial discipline and transparent governance remains unchanged.”
Per the release, “With the reopening of federal agencies after the recent government shutdown, both companies anticipate closing the transaction in the first quarter of 2026, subject to customary conditions and regulatory review.”
The announcement continued, “The strengthened equity position, combined with a simplified operating footprint following the divestiture of aviation assets, places Volato in a more focused and resilient posture as it transitions toward a software and data-driven corporate strategy aligned with M2i Global’s industrial platform.”
The agreement with M2i was announced in June.
In October, Volato announced an agreement to sell its aircraft sales, software, and the Vaunt empty leg platform to FlyExclusive.
Last month, Volato said it reduced liabilities for funds owed under its Insider jet card.
Monies owed dropped to $300,000 at the end of Q3 2025.
That was down from $4.1 million in Q2.
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