Volato Group, Inc. (SOAR) Form 8-K — Sep 18, 2026
Volato Group entered into an Executive Services Agreement with CEO Christopher M. Ensey, effective September 11, 2026, formalizing his role following the closing of the company's merger with Alignment Engine Inc. (Aligned), where Ensey previously served as CEO. Under the agreement, Ensey serves as CEO as an independent contractor reporting to the Board, principally from Puerto Rico, at an annual services fee of $400,000, with a termination payment of 24 months of fees if he is terminated without Cause or resigns for Good Reason.
Key figures
- Equity award
- 5% of fully diluted capitalization
- Annual services fee
- $400,000
- Termination payment
- 24 months of annual services fee
- Warrant exercise price
- $287.50
- Equity award per tranche
- 1%
- Change in control threshold
- 30% of voting power
- Market cap vesting tranches
- ["$2.5 billion","$4.2 billion","$7.0 billion","$11.0 billion","$17.0 billion"]
- Contracted capacity milestones mw
- [63,105,175,275,400]
AI analysis
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