Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry Into a Material Definitive Agreement.
On
September 22, 2026, the Alignment Engine subsidiary (“Aligned”) of Volato Group, Inc. (the “Company”) entered
into a Master Services Agreement (the “MSA”) with a customer, pursuant to which Aligned will provide the customer with dedicated,
single-tenant GPU clusters and access to Aligned’s platform and related services. The two initial orders under the MSA provide
for the phased deployment of dedicated, next-generation AMD GPU infrastructure at Aligned’s AI infrastructure campus in Ohio. The
initial deployment will utilize AMD MI355X GPUs for a 48-month term, with a contractual start date of December 31, 2026. The second deployment
will utilize AMD MI455X GPUs for a 48-month term, with a contractual start date of June 30, 2027. The aggregate contractual value of
the two initial orders is approximately $1.17 billion. Additional orders may be placed under the MSA by the customer or by Aligned on
the customer’s behalf with the customer’s express written authorization.
Unless
earlier terminated, the MSA will continue as long as any orders remain in effect. The MSA provides certain termination rights for both
parties, including, among others, that either party may terminate the MSA or any order for an uncured material breach after written notice
and a 30-day cure period, and either party may terminate the MSA or any order immediately upon certain bankruptcy or insolvency events.
The MSA also contains other customary terms and conditions, including provisions relating to confidentiality, data security, intellectual
property, limitations of liability, and indemnification.
Item 7.01
Regulation FD Disclosure.
On
September 28, 2026, the Company issued a press release announcing the orders under the MSA. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
The
information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed”
for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or otherwise be subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the
Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.
Forward
Looking Statements
This
Current Report on Form 8-K contains certain statements that may be deemed to be “forward-looking statements” within the federal
securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Statements that are
not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange
Act. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking
statements are not historical facts, but rather are based on current expectations, estimates and projections about our company, our industry,
our beliefs and our assumptions. Such forward-looking statements include, but are not limited to, statements regarding our or our management
team’s expectations, hopes, beliefs, intentions or strategies regarding the future, the Company’s business strategy and development
of AI infrastructure, planned GPU, data center and high-performance computing infrastructure deployments, the timing, delivery, acceptance
and operation of customer orders, anticipated contractual payments and prepayments, service-level and performance requirements, anticipated
power, cooling and other infrastructure requirements, the size, growth and future development of the market for AI data center infrastructure,
commercial discussions and future customer agreements, and the Company’s ability to execute its growth strategy. In addition, any
statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying
assumptions, are forward-looking statements. In some cases, you can identify forward-looking statements by the following words: “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “ongoing,” “plan,” “potential,” “predict,” “project,”
“should,” “would,” “will,” or the negative of these terms or other similar expressions, but the absence
of these words does not mean that a statement is not forward-looking. Forward-looking statements are subject to a number of risks and
uncertainties (some of which are beyond our control) that may cause actual results or performance to be materially different from those
expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking
statements. These risks include risks relating to agreements with third parties; risks associated with integrating Aligned’s business;
obtaining additional financing; procuring GPUs and other equipment; developing and operating AI infrastructure; obtaining sufficient
power and other infrastructure; satisfying existing or future customer commitments; receiving customer prepayments; meeting delivery,
acceptance, service-level and performance requirements; converting customer discussions into definitive agreements; obtaining any required
approvals; our ability to raise funding in the future, as needed, and the terms of such funding, including potential dilution caused
thereby; our ability to continue as a going concern; our ability to maintain the listing of our common stock on the NYSE American LLC;
the outcome of any current legal proceedings or future legal proceedings that may be instituted against us; unanticipated difficulties
or expenditures relating to our business plan; the risk that third-party market size and growth projections prove inaccurate or that
the Company does not benefit from any growth in the market; volatility in the Company’s common stock; and those risks detailed
in our most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.
Forward-looking
statements speak only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise that occur after that date, except as otherwise provided by law.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Description
No.
─────────────────────────────────────────────────────────────────────
99.1 Press Release, dated September 28, 2026.
104 Cover Page Interactive
Data File (embedded within the Inline XBRL document)