FLYX /
Volato
FLYX receives option to merge with Volato
What happened
Volato granted FLYX the right to cause a merger into a wholly owned subsidiary of FLYX. Any merger requires a definitive merger agreement and any required regulatory, board and shareholder approvals.
The merger consideration would be FLYX common stock or cash, at FLYX’s discretion. The purchase price would be based on the volume-weighted average price of Volato’s common stock.
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FLYX receives option to merge with Volato
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