Volato Group to rebrand as SOAR AI, secures $1.2B in contracts

Volato Group, Inc. (NYSE American:SOAR) is set to rebrand as SOAR AI, Inc., reflecting its transition to AI infrastructure and software following a merger with Alignment Engine Inc. The company will maintain its current ticker symbol SOAR, with the official name change taking effect on October 19, 2023, and trading beginning on October 20, 2023.

SOAR AI's focus is on developing AI infrastructure that provides customers control over data, models, and computing environments, with a new AI infrastructure campus being constructed in Ohio. The company has secured $1.17 billion in contracts, including two four-year, take-or-pay orders with AI customers for dedicated GPU infrastructure, valued at approximately $1.2 billion.

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