09:41 AM EDT, 10/07/2025 (MT Newswires) -- FlyExclusive ( FLYX ) said Tuesday that it has signed a structured agreement to acquire Volato's ( SOAR ) aircraft sales division for $2.1 million in stock.

FlyExclusive ( FLYX ) said it will issue $2.1 million in stock immediately to Volato ( SOAR ), which will be distributed to shareholders as a dividend.

The agreement also gives flyExclusive the option to buy Vaunt, Mission Control and other intellectual property, for an additional $2 million worth of stock, the company said.

Volato's ( SOAR ) aircraft sales division is projected to generate between $6 million and $8 million in profit in fiscal Q4, the company said.

Shares of Volato ( SOAR ) were up nearly 3% in recent Tuesday trading.

Price: 4.30, Change: -0.08, Percent Change: -1.76