SOAR AI secures up to $1 billion equity facility for AI infrastructure expansion
SOAR AI (formerly Volato Group) entered a common‑stock purchase agreement that gives an institutional investor the right to buy up to $1 billion of its shares. The company can draw on the facility at its discretion, with each sale limited to 10% of average daily volume and a combined daily cap of $6 million. The capital is intended to fund the Ohio AI campus, which currently has 154 MW of power and a plan to reach 480 MW, as well as other prospective sites. The agreement also restricts the investor from shorting the stock and limits its ownership to 4.99% of the outstanding shares.
Why it matters
The facility provides SOAR AI with a sizable source of equity capital without obligating an immediate share issuance, allowing the firm to finance its growth while managing dilution risk (the company says the terms are designed to minimise market impact). The ability to draw funds on demand supports the rollout of its high‑capacity AI campus, which could enhance the company’s revenue potential.
Key facts
- 1The equity facility allows the investor to purchase up to $1 billion of SOAR AI common stock. stocktitan.net
- 2Each share sale under the facility is capped at 10% of average daily trading volume, with a combined daily limit of $6 million. investing.com
- 3The investor may not own more than 4.99% of SOAR AI’s outstanding shares at any time. investing.com
- 4The Ohio AI infrastructure campus currently has 154 MW of power available, with a roadmap to expand to 480 MW. stocktitan.net
- 5SOAR AI may terminate the agreement without penalty on one trading‑day notice, provided no put notice is pending. stocktitan.net
- 6The company’s rebranding to SOAR AI Inc. is expected to become effective on October 19 2026, subject to regulatory approval. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.