M2i Global Inc (OTC:MTWO) is set to become a wholly owned subsidiary of Volato Group after shareholders of the aviation software company voted overwhelmingly in favor of the companies' planned merger.
The number of shares present or represented by valid proxy at the special meeting was 15.1 million, representing approximately 40% of total shares entitled to vote.
The merger is expected to close by the end of the second quarter of 2026, subject to the satisfaction or waiver of remaining customary closing conditions.
Under the terms of the merger agreement, M2i Global will merge with a wholly owned subsidiary of Volato, with M2i Global continuing as the surviving entity. Upon completion, existing M2i Global shareholders are expected to own approximately 85% of the combined company, while Volato shareholders are expected to own approximately 15%, on a fully diluted basis, excluding shares underlying warrants.
The combined company is expected to leverage M2i Global's capabilities across mining, refining, and recycling of critical minerals alongside Volato's expertise in software, data systems, and operational execution.
"The critical minerals market is large, growing, and strategically important—and it is foundational to U.S. industrial strength and national security," said Major General (Ret.) Alberto Rosende, CEO of M2i Global. "We believe this merger positions the combined company to pursue opportunities across the value chain while helping build a more resilient domestic supply chain, and we appreciate the strong support from Volato’s shareholders."
The transaction marks Volato's entry into the critical minerals sector, a market that reached $400 billion in 2025, and is intended to position the combined company to support domestic supply chains essential to US national security and advanced technologies.
"We believe today's shareholder vote is a strong endorsement of the strategic rationale for combining Volato with M2i Global," said Mark Heinen, CFO of Volato. "With shareholder approval secured, our team is focused on completing the remaining closing steps and positioning the combined company to execute in the critical minerals market."
Final voting results will be reported in a Form 8-K filed with the Securities and Exchange Commission within four business days.
Shares of M2i Global added 7% on the update.