Volato Stock Explodes Before the Bell as M2i Merger Clock Ticks
Volato Group shares soared 188% to $0.49 in U.S. pre-market trading on volume of 239.2 million shares, despite no new announcement. The micro-cap’s pending merger with M2i Global would give Volato holders 15% of the combined company. Volato reported a $2.6 million net loss last quarter, $2 million in cash, and a NYSE American listing notice, raising doubt about its ability to continue as a going concern.