Volato Group (SOAR) and M2i Global reaffirmed Tuesday that their merger remains on track to close in Q1 as the companies advance through the Securities and Exchange Commission's review process and continue planning and integration readiness.

The companies said they have agreed to extend the end date of the merger agreement through March 31 to align the transaction timeline with the SEC review process.

In June last year, Volato signed a term sheet to acquire M2i Global.

Shares of Volato were up 3.4% in recent trading.

Price: 0.56, Change: +0.02, Percent Change: +3.45