Volato Group to Rebrand as SOAR AI as the Company Scales AI Infrastructure Business

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Approximately $1.2 billion of contracted customer demand anchors Ohio AI infrastructure campus; Company pursuing additional customers and expansion opportunities

NORTH CANTON, Ohio--(BUSINESS WIRE)-- Volato Group, Inc. (NYSE American: SOAR) (the “Company”) today announced that it is unveiling a strategic rebranding of the Company, including changing its corporate name to SOAR AI, Inc., reflecting the Company’s transformation into an AI infrastructure and software company following its recently completed merger with Alignment Engine Inc. This comprehensive rebrand also includes a new corporate logo and a fresh visual identity.

The name SOAR, Sovereign AI Resources, reflects the strategy and vision behind the company’s new identity. The strategy is centered on developing AI infrastructure that provides customers greater control over their data, models and computing environments while working with host communities to responsibly develop the power, water and industrial resources required to support AI infrastructure.

The Company currently expects the corporate name change to become effective on October 19, 2026, subject to applicable regulatory and stock exchange requirements. Trading under the new name, SOAR AI, Inc., is expected to begin on the NYSE American on October 20, 2026. The Company’s common stock will continue trading under its existing ticker symbol, “SOAR”, and the CUSIP number for the common stock is not expected to change, although the Company will provide further information if any change is required. The name change does not require any action by existing stockholders.

Management believes that the SOAR AI identity reflects the Company’s post-merger business, centered on AI infrastructure and complemented by AI-powered software platforms.

“The SOAR AI identity better represents the company we are building today and where we are going,” said Chris Ensey, Chief Executive Officer of the Company. “SOAR stands for Sovereign AI Resources and reflects our strategy of giving customers greater control over their AI infrastructure while working responsibly with the communities where we operate. We are actively constructing AI infrastructure in Ohio, have secured $1.2 billion of contracted customer demand, and are pursuing additional customers for our available and planned capacity. At the same time, we are evaluating additional data center opportunities in the United States and internationally. The SOAR AI name brings these initiatives together under an identity that reflects our long-term strategy.”

Building AI Infrastructure at Scale

The Company is actively constructing an AI infrastructure campus in Ohio designed to support artificial intelligence, machine learning and high-performance computing workloads. The initial phase includes data center infrastructure, power and cooling systems, high-density AMD GPU compute and high-performance networking.

In September 2026, the Company entered into a master services agreement and two four-year, take-or-pay orders with a large AI customer for dedicated GPU infrastructure. The orders have an aggregate contract value of approximately $1.17 billion and provide for contractual customer prepayments.

The first deployment will utilize AMD MI355X GPUs and has a contractual start date of December 31, 2026. The second deployment will utilize AMD MI455X GPUs and has a contractual start date of June 30, 2027. Both deployments are designed as dedicated, single-tenant GPU clusters.

The Company is also actively pursuing additional customers for its available and planned AI infrastructure capacity and evaluating opportunities for additional AI infrastructure and data center locations in the United States and internationally as part of its longer-term growth strategy.

The Sovereign AI Resources Strategy

The Sovereign AI Resources strategy is built around greater control over the critical resources required to develop and operate AI. For customers, the Company is developing dedicated AI environments intended to provide greater control over data, models, logs and the physical location of computing infrastructure. For host communities, the Company’s development model emphasizes the reuse of existing industrial sites and infrastructure, local employment and responsible management of power and water resources.

Management believes this approach can differentiate the Company as demand grows for dedicated, U.S.-based AI infrastructure, particularly among enterprises and organizations with data residency, security, auditability and infrastructure-control requirements. The Company intends to apply this approach as it evaluates additional AI infrastructure locations in the United States and internationally.

AI-Powered Aviation Software

The Company will also continue developing its aviation AI and software business. Its aviation AI platform is built on Parslee, an AI platform designed to execute and automate complex aviation workflows using business-specific context, shared memory and human oversight. The Company also operates Vaunt, its technology-enabled private aviation membership platform.

A New Identity for the Next Phase

The change from Volato Group, Inc. to SOAR AI, Inc. is intended to align the Company’s corporate identity with its current business and long-term strategy. The new name also maintains continuity with the Company’s existing ticker symbol.

In connection with the rebranding, the Company has launched a new corporate website at SOARAI.com and has transitioned its corporate communications and digital presence to the SOAR AI identity.

The corporate name change will not affect the Company’s corporate existence or the rights of its security holders. Additional information regarding the effective date and other administrative matters will be provided as appropriate.

About the Company

The Company (NYSE American: SOAR) is an AI infrastructure and software company focused on the development and operation of AI infrastructure and AI-powered software solutions. The Company is actively constructing an AI infrastructure campus in Ohio that combines data center infrastructure, high-density GPU compute, high-performance networking and related technology to support AI, machine learning and high-performance computing workloads. The Company also develops AI-powered operational systems for aviation businesses through its Aviation AI platform and operates Vaunt, a technology-enabled private aviation membership platform.

For more information, visit SOARAI.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the timing of the completion of the name change and rebranding; anticipated benefits of the completed merger; the combined company’s business strategy and development of AI infrastructure; planned GPU, data center and high-performance computing infrastructure deployments; the timing, delivery, acceptance and operation of customer orders; anticipated contractual payments and prepayments; service-level and performance requirements; anticipated power, cooling and water efficiency; the size, growth and future development of the market for AI data center infrastructure; commercial discussions and future customer agreements; and the company’s ability to execute its growth strategy.

Forward-looking statements can often be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “projects,” “targets,” “would,” “will,” “should,” “could,” “may,” “potential,” “opportunity” and the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements are based on current expectations, assumptions, estimates and projections and are not guarantees of future performance or events. Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including risks associated with integrating Alignment Engine’s business; obtaining additional financing; procuring GPUs and other equipment; developing and operating AI infrastructure; obtaining sufficient power and other infrastructure; satisfying existing or future customer commitments; receiving customer payments and prepayments; meeting delivery, acceptance, service-level and performance requirements; converting customer discussions into definitive agreements; obtaining required stockholder and NYSE American approvals; maintaining compliance with NYSE American listing standards; the risk that third-party market size and growth projections prove inaccurate or that the Company does not benefit from any growth in the market; volatility in the Company’s common stock; and the other risks described in the Company’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

All forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact
investors@soarai.com

Media Contact
community@soarai.com

Source: Volato Group, Inc.

Released October 8, 2026