Volato Group, Inc. (the "Company" or "Volato"), a technology company focused on building scalable software and data solutions that improve the reliability and intelligence of high-stakes business decisions, today announced the signing of a definitive agreement to obtain a $2.2 million strategic investment lead by Catheter Precision, Inc. (NYSE American: VTAK), and other institutional investors with experience investing in artificial intelligence and emerging technology companies.
Volato Group secures $2.2 million strategic investment led by Catheter Precision and other institutional investors.
Investment supports renewed focus on AI infrastructure, AI software, data infrastructure, compute, and power generation.
Volato currently owns Parslee, an AI software platform for deterministic document intelligence.
The company is evaluating two non-binding letters of intent for AI data center infrastructure and power generation assets.
Investment follows termination of previously announced transaction with M2i Global.
Volato is also developing Volato AI for specialized AI agents in the aviation industry.
The investment of restricted common stock will strengthen Volato's balance sheet and supports the Company's renewed focus on artificial intelligence, including the evaluation of potential acquisition and merger opportunities in AI infrastructure, AI software, data infrastructure, compute, power generation, and related sectors. The investment is subject to certain customary closing conditions, including without limitation the authorization of a supplemental listing application filed by Volato with the NYSE American stock exchange.
The investment follows the recent termination of Volato's previously announced transaction with M2i Global. Volato believes the termination does not alter its ability to pursue the milestones under its accepted NYSE American compliance plan, and management remains focused on executing that plan while pursuing opportunities designed to enhance long-term shareholder value.
Volato has received two unsolicited non-binding letters of intent related to potential transactions within the artificial intelligence ecosystem, including opportunities involving AI data center infrastructure and power generation assets supporting AI workloads. No definitive agreements have been executed, and there can be no assurance that either opportunity will result in a completed transaction. However, management believes these opportunities support the Company's decision to pursue an AI-focused strategy and reflect the breadth of opportunities emerging across the AI infrastructure sector.
"The termination of the M2i transaction gives us the opportunity to refocus on a market opportunity we believe is more closely aligned with Volato's technology assets, public-company platform, and long-term shareholder value," said Matt Liotta, Chief Executive Officer of Volato. "We already own and operate an AI software company through Parslee, and we are now actively evaluating opportunities in AI infrastructure. This investment was made after we communicated our AI-focused strategy, and we believe that is an important signal. These investors are backing our future direction, strengthening our balance sheet, and providing additional flexibility as we evaluate acquisition targets and strategic transactions in the AI infrastructure sector."
Volato currently owns Parslee, an AI software platform focused on improving the reliability and auditability of AI systems through deterministic document intelligence technology. The Company is also developing Volato AI, an initiative that combines Parslee's technology with Volato's operational experience in aviation to develop specialized AI agents and software for the aviation industry. Together, these initiatives provide the Company with direct operating experience in artificial intelligence as it evaluates larger opportunities within the AI infrastructure ecosystem.
"We are excited to support Volato as its now largest shareholder as it executes on its AI strategy," said David Jenkins, Chief Executive Officer of Catheter Precision. "We believe the Company possesses a unique combination of AI technology assets, industry expertise, and public market access. We look forward to supporting management as it pursues opportunities in the rapidly evolving AI sector."
Volato intends to continue evaluating opportunities in AI infrastructure, AI software, data infrastructure, compute, power generation, and related sectors that could enhance shareholder value and further align the Company's public market platform with its long-term strategic direction.
Additional details regarding the transaction will be provided in the Company's Current Report on Form 8-K.
About Volato
Volato Group, Inc. is a technology company focused on building scalable software and data solutions that improve the reliability and intelligence of high-stakes business decisions. The Company's existing Parslee Document Intelligence platform enhances the performance of leading large language models by adding deterministic structure and auditability to complex documents such as contracts and SEC filings.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones, and thrive on the tech pulse.
