SOAR AI signs a $1B stock line it does not have to use
The optional facility has a $0.21 share-price floor; commitment shares are subject to NYSE American approval.
By RuntimeWire Staff · Published
Primary source: Financial Times
Why it matters
The $1B figure is a stock-sale limit, not committed cash. With contracted GPU orders due to start in stages, SOAR AI is trying to finance infrastructure before deployment while weighing dilution against the pace of its buildout.
Chris Ensey is putting a new $1 billion equity line behind his plan to build AI compute capacity at a former industrial site in Ohio. The agreement does not provide cash upfront: Volato Group, which is rebranding as SOAR AI, can sell shares to investor DFU, LLC over time, at its discretion. SOAR AI has no obligation to draw on the facility.…