SOAR AI Secures Up to $1 Billion Equity Facility to Fund Expansion of Its AI Infrastructure Platform
Volato Group (NYSE American: SOAR), rebranding as SOAR AI, entered a common stock purchase agreement giving it access to an equity facility of up to $1 billion with an institutional investor. The facility is entirely company-controlled with no obligation to draw, no warrants, volume limits capping sales at 10% of daily volume and $6 million per day, and total issuances limited to 19.99% of shares outstanding without stockholder approval.
Key figures
- Deal Value Usd
- 1000000000
- Facility size
- up to $1 billion
- Daily sales cap
- $6 million
- Max share of adv
- 10% per sale
- Contracted orders
- $1.2 billion (approximately)
- Ohio power roadmap
- 480 MW
- Customer prepayments
- $133 million (approximately)
- Ohio power available
- 154 MW
- Investor ownership cap
- 4.99%
- Issuance cap without approval
- 19.99% of shares outstanding on signing date
- Contract value september orders
- $1.17 billion
AI analysis
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