M2i Global posts Q1 loss, flags going concern

M2i Global, Inc. reported no revenue and a larger net loss of $1,885,982 for the three months ended March 31, 2026, compared with $1,063,643 a year earlier.

Rhea-AI Filing Summary

M2i Global, Inc. reported no revenue and a larger net loss of $1,885,982 for the three months ended March 31, 2026, compared with $1,063,643 a year earlier. Operating expenses rose to $2,012,731, driven mainly by higher legal and professional fees.

Cash fell to $67,283 from $515,438 at year-end, while current liabilities reached $8,275,208, leaving a stockholders’ deficit of $8,105,012. The company has an accumulated deficit of $15,504,088, and management states these conditions raise substantial doubt about its ability to continue as a going concern.

To fund operations, M2i issued common and preferred stock, including 7,864,834 common shares for $20,300 and 22,935,203 shares for services, and received $428,633 for 17,033,333 shares to be issued. It also maintains a convertible note with a related Level 3 derivative liability of $362,182. The company settled a lawsuit by issuing 12,500,000 shares valued at $312,500 and continues to rely heavily on related-party consulting arrangements. M2i highlights strategic agreements in critical minerals and notes that, after quarter-end, Volato stockholders approved the merger under the previously signed Merger Agreement.

Positive

• None.

Negative

• Going concern uncertainty: No revenue, a quarterly net loss of $1.89M, cash of only $67K, and an accumulated deficit of $15.50M lead management to conclude there is substantial doubt about the company’s ability to continue as a going concern.

Insights

Credit and restructuring analyst

No revenue, deepening losses, heavy liabilities and dilution create clear financial strain.

M2i Global shows classic early-stage distress signals. It generated no revenue in the quarter but posted a net loss of $1.89M, up from $1.06M. Cash dropped to $67K while current liabilities climbed to $8.28M, producing an $8.11M stockholders’ deficit.

Management explicitly states that recurring losses, low cash and a $15.50M accumulated deficit raise substantial doubt about continuing as a going concern. Funding relies on frequent equity issuances and a convertible note with a Level 3 derivative liability of $362K, increasing complexity and potential dilution.

Subsequent events add more leverage and dilution via $275K in new convertible promissory notes and significant issuances of common and Series B preferred stock. The approved merger with Volato could change the capital structure, but its ultimate effect depends on closing and integration terms, which are not detailed here.

Key Figures

Net loss: $1,885,982 Net loss prior year: $1,063,643 Cash balance: $67,283 +5 more

8 metrics

Net loss $1,885,982 Three months ended March 31, 2026

Net loss prior year $1,063,643 Three months ended March 31, 2025

Cash balance $67,283 As of March 31, 2026

Current liabilities $8,275,208 As of March 31, 2026

Stockholders’ deficit $8,105,012 As of March 31, 2026

Accumulated deficit $15,504,088 As of March 31, 2026

Derivative liability $362,182 As of March 31, 2026 (Level 3 fair value)

Shares outstanding 796,346,770 shares Common stock outstanding as of May 14, 2026

Key Terms

going concern, derivative liability, convertible note payable, offtake agreement, +2 more

6 terms

going concern financial

"These conditions raise substantial doubt about the Company’s ability to continue as a going concern."

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

derivative liability financial

"the Company’s derivative liability as of the three months ending March 31, 2026 was $362,182"

A derivative liability is an obligation a company owes because of a derivatives contract—such as an option, future, swap, or forward—that has moved against it and now has negative value. Think of it like a settled bet that turned into a bill: if market moves go the other way, the company may have to pay cash or deliver assets. Investors care because these liabilities can create sudden losses, add leverage or counterparty risk, and change a company’s true financial exposure beyond its everyday operations.

convertible note payable financial

"the Company executed a 10% convertible note payable agreement with proceeds totaling $250,000"

A convertible note payable is a short- to mid-term loan a company records as debt that can convert into equity shares under preset conditions, usually at a future financing round or on maturity. It matters to investors because it behaves like a loan (with interest and a repayment date) until conversion, then changes the company’s ownership mix and potential dilution, so it affects both creditor rights and future share value—like a loan that can turn into stock.

offtake agreement financial

"entered into an exclusive offtake agreement (the “Offtake Agreement”), in which NTM will provide for 88,000 tonnes of copper"

A contract in which a buyer commits to purchase a set portion or percentage of a producer’s future output—such as minerals, energy, agricultural goods, or manufactured products—often over a multi‑year period. It matters to investors because it creates predictable sales and cash flow, reduces the risk of unsold inventory, and can make projects easier to finance; think of it like pre‑selling future harvests or securing long‑term customers before production begins.

Monte Carlo simulation financial

"The Company estimates the fair value of convertible note using the Monte Carlo simulation."

A Monte Carlo simulation is a computerized way to model many possible future outcomes by running thousands of randomized “what-if” scenarios, like rolling dice repeatedly to see the range of results. For investors it shows the probability of different returns, losses, or timing outcomes under varied assumptions, helping quantify uncertainty and compare risk — similar to using many practice runs to judge how often a plan succeeds or fails.

Strategic Minerals Reserve financial

"such as the creation and management of a Strategic Minerals Reserve as an enhancement of the U.S. government’s National Defense Stockpile."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did M2i Global (MTWO) perform in the quarter ended March 31, 2026?

M2i Global reported no revenue and a net loss of $1,885,982 for the three months ended March 31, 2026, compared with a loss of $1,063,643 a year earlier. Higher legal and professional fees were the main driver of the increased loss.

What is M2i Global’s cash position and debt as of March 31, 2026?

As of March 31, 2026, M2i Global held cash of $67,283, down from $515,438 at year-end. Current liabilities totaled $8,275,208, including a convertible note of $220,000 and a derivative liability of $362,182, reflecting tight liquidity.

Does M2i Global’s 10-Q disclose a going concern issue?

Yes. Management states that recurring losses, no revenues, an accumulated deficit of $15,504,088, and very limited cash raise substantial doubt about M2i Global’s ability to continue as a going concern. The company expects to depend on additional investment capital to fund operations.

How is M2i Global (MTWO) funding its operations during this pre-revenue phase?

During the quarter, M2i Global raised funds mainly through equity. It issued 7,864,834 common shares for $20,300, recorded $428,633 for 17,033,333 shares to be issued, and issued 22,935,203 shares for services valued at $297,000, contributing to shareholder dilution.

What significant legal or settlement events affected M2i Global in early 2026?

In March 2026, M2i Global settled a Nevada lawsuit with a former consultant via a long-term agreement. The company agreed to transfer 12,500,000 common shares valued at $312,500, with mutual release of claims. The shares were issued during the quarter covered by the report.

What strategic agreements related to critical minerals does M2i Global have in place?

M2i Global has a strategic partnership with Komodo Capital and an exclusive offtake agreement with NTM Minerals Limited. The NTM deal grants offtake rights for up to 88,000 tonnes of copper, currently valued at about $850 million, in exchange for 12 million M2i shares.

What does the Volato merger mean for M2i Global shareholders?

M2i Global entered a Merger Agreement under which it would become a wholly owned subsidiary of Volato Group, Inc. After the quarter, Volato stockholders approved the transaction. Terms include customary conditions and approvals, and M2i’s board determined the merger is in shareholders’ best interests.

AI-generated analysis. How Rhea-AI works. Not financial advice.

10-Q Quarterly Reports: What Changes Quarter to Quarter →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/15/2026 - 02:59 PM EDT Learn about SEC filing dates

false Q1 --12-31 0001753373 0001753373 2026-01-01 2026-03-31 0001753373 dei:FormerAddressMember 2026-01-01 2026-03-31 0001753373 2026-05-14 0001753373 2026-03-31 0001753373 2025-12-31 0001753373 us-gaap:NonrelatedPartyMember 2026-03-31 0001753373 us-gaap:NonrelatedPartyMember 2025-12-31 0001753373 us-gaap:RelatedPartyMember 2026-03-31 0001753373 us-gaap:RelatedPartyMember 2025-12-31 0001753373 2025-01-01 2025-03-31 0001753373 us-gaap:PreferredStockMember 2025-12-31 0001753373 us-gaap:CommonStockMember 2025-12-31 0001753373 us-gaap:TreasuryStockCommonMember 2025-12-31 0001753373 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001753373 us-gaap:RetainedEarningsMember 2025-12-31 0001753373 us-gaap:PreferredStockMember 2024-12-31 0001753373 us-gaap:CommonStockMember 2024-12-31 0001753373 us-gaap:TreasuryStockCommonMember 2024-12-31 0001753373 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001753373 us-gaap:RetainedEarningsMember 2024-12-31 0001753373 2024-12-31 0001753373 us-gaap:PreferredStockMember 2026-01-01 2026-03-31 0001753373 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001753373 us-gaap:TreasuryStockCommonMember 2026-01-01 2026-03-31 0001753373 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001753373 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0001753373 us-gaap:PreferredStockMember 2025-01-01 2025-03-31 0001753373 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001753373 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0001753373 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001753373 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001753373 us-gaap:PreferredStockMember 2026-03-31 0001753373 us-gaap:CommonStockMember 2026-03-31 0001753373 us-gaap:TreasuryStockCommonMember 2026-03-31 0001753373 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001753373 us-gaap:RetainedEarningsMember 2026-03-31 0001753373 us-gaap:PreferredStockMember 2025-03-31 0001753373 us-gaap:CommonStockMember 2025-03-31 0001753373 us-gaap:TreasuryStockCommonMember 2025-03-31 0001753373 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001753373 us-gaap:RetainedEarningsMember 2025-03-31 0001753373 2025-03-31 0001753373 MTWO:KomodoCapitalMember 2024-06-30 0001753373 MTWO:NTMMineralsLimitedMember 2024-06-30 0001753373 MTWO:NTMMineralsLimitedMember 2024-06-30 2024-06-30 0001753373 2025-07-28 0001753373 srt:ChiefFinancialOfficerMember MTWO:ConsultingAgreementMember 2026-01-01 2026-03-31 0001753373 srt:ChiefExecutiveOfficerMember MTWO:ConsultingAgreementMember 2026-01-01 2026-03-31 0001753373 srt:ChiefExecutiveOfficerMember MTWO:FormerAgreementMember 2026-01-01 2026-03-31 0001753373 MTWO:PresidentAndChiefExecutiveOfficerMember MTWO:ConsultingAgreementMember 2026-01-01 2026-03-31 0001753373 srt:ChiefExecutiveOfficerMember 2026-03-31 0001753373 srt:DirectorMember MTWO:NotePayableAgreementMember 2026-01-01 2026-03-31 0001753373 srt:DirectorMember 2026-01-01 2026-03-31 0001753373 srt:ChiefFinancialOfficerMember 2026-01-01 2026-03-31 0001753373 MTWO:VendorMember srt:MinimumMember 2026-03-31 0001753373 MTWO:VendorMember 2026-03-31 0001753373 MTWO:VendorMember MTWO:ExecutiveChairmanMember 2026-03-31 0001753373 2023-11-24 2023-11-24 0001753373 2023-11-24 0001753373 MTWO:ConvertibleNotePayableAgreementMember 2026-01-01 2026-03-31 0001753373 us-gaap:CommonStockMember MTWO:ConvertibleNotePayableAgreementMember 2026-01-01 2026-03-31 0001753373 us-gaap:MeasurementInputSharePriceMember 2026-03-31 0001753373 us-gaap:MeasurementInputRiskFreeInterestRateMember 2026-03-31 0001753373 us-gaap:MeasurementInputPriceVolatilityMember 2026-03-31 0001753373 us-gaap:MeasurementInputExpectedTermMember 2026-03-31 0001753373 2026-01-01 0001753373 us-gaap:SeriesAPreferredStockMember 2026-01-01 0001753373 2026-01-26 0001753373 us-gaap:SeriesBPreferredStockMember 2026-01-26 0001753373 us-gaap:CommonStockMember us-gaap:CashMember 2026-01-01 2026-03-31 0001753373 MTWO:ConvertibleNoteHolderMember 2026-01-01 2026-03-31 0001753373 us-gaap:CommonStockMember MTWO:ConvertibleNoteHolderMember 2026-01-01 2026-03-31 0001753373 2024-11-30 2024-11-30 0001753373 us-gaap:SeriesBPreferredStockMember 2026-03-31 0001753373 us-gaap:SubsequentEventMember us-gaap:SeriesBPreferredStockMember 2026-05-15 0001753373 us-gaap:SubsequentEventMember 2026-04-01 2026-05-15 0001753373 us-gaap:SubsequentEventMember us-gaap:SeriesBPreferredStockMember 2026-04-01 2026-05-15 0001753373 MTWO:SeriesBPreferredStockOneMember us-gaap:SubsequentEventMember 2026-04-01 2026-05-15 0001753373 us-gaap:SubsequentEventMember us-gaap:BridgeLoanMember 2026-05-15 0001753373 us-gaap:SubsequentEventMember us-gaap:BridgeLoanMember 2026-04-01 2026-05-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares utr:t xbrli:pure

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No. 333-229748

M2i GLOBAL, INC.

(Exact name of registrant as specified in its charter)

Nevada		37-1904036
(State or other jurisdiction		(I.R.S. Employer
of incorporation or organization)		Identification No.)

885 Tahoe Blvd.
Incline Village, NV		89451
(Address of Principal Executive Offices)		(Zip Code)

(775) 909-6000

(Registrant’s telephone number, including area code)

3827 S Carson St., P.O. Box 40

Carson City, NV 89701

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

	Large accelerated Filer	☐		Smaller reporting company	☒
	Accelerated Filer	☐		Emerging growth company	☒
	Non-accelerated Filer	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. The number of shares of Common Stock, par value $0.001 per share, outstanding as of May 14, 2026 was 796,346,770

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None		N/A		N/A

M2i GLOBAL, INC.

Index

	Pg. No.
PART I — Financial Information	3
Item 1. Financial Statements	3
Condensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025	3
Condensed Consolidated Statements of Operations for the Three Ended March 31, 2026 and 2025 (Unaudited)	4
Condensed Consolidated Statements of Changes in Stockholders’ (Deficit) for the Three Months Ended March 31, 2026 and 2025 (Unaudited)	5
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (Unaudited)	6
Notes to Condensed Consolidated Financial Statements (Unaudited)	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3. Quantitative and Qualitative Disclosures about Market Risk	16
Item 4. Controls and Procedures	16
PART II — Other Information	17
Item 1. Legal Proceedings	17
Item 1A. Risk Factors	17
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3. Defaults Upon Senior Securities	17
Item 4. Mine Safety Disclosures	17
Item 5. Other Information	17
Item 6. Exhibits	17
SIGNATURES	18

2

PART 1 — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

M2i GLOBAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

		March 31, 2026				December 31, 2025
		unaudited
Assets
Current assets
Cash		$	67,283			$	515,438
Contingency receivable			40,657				-
Prepaids and other current assets			62,256				102,068
Total current assets			170,196				617,506
TOTAL ASSETS		$	170,196			$	617,506
Liabilities and Stockholders’ (Deficit)
Current liabilities
Accounts payable and accrued expenses		$	1,442,076			$	934,276
Accounts payable and accrued expenses - related party			2,113,450				1,867,610
Accounts payable and accrued expenses			2,113,450				1,867,610
Convertible note, net of discount			220,000				230,000
Derivative liability			362,182				507,733
Shares unissued liability			4,137,500				4,137,500
Total current liabilities			8,275,208				7,677,119
Total Liabilities			8,275,208				7,677,119
Commitments and contingencies			-				312,500
Stockholders’ (deficit)
Preferred stock, authorized 10,000,000 shares, $.001 par value, 100,000 and 100,000 shares issued and outstanding, respectively			100				100
Common stock, authorized 1,000,000,000 shares, $.001 par value, 760,182,298 and 716,021,604 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively			760,182				716,022
Treasury stock			(435,000	)			(435,000	)
Additional paid in capital			7,073,794				5,964,871
Accumulated earnings (deficit)			(15,504,088	)			(13,618,106	)
Total stockholders’ (deficit)			(8,105,012	)			(7,372,113	)
Total liabilities and stockholders’ (deficit)		$	170,196			$	617,506

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

3

M2i GLOBAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

		March 31, 2026				March 31, 2025
		Three Months Ended
		March 31, 2026				March 31, 2025
Operating expenses
General and administrative			371,589				354,920
Legal and professional			1,641,142				694,840
Total operating expenses			2,012,731				1,049,760
Loss from operations			(2,012,731	)			(1,049,760	)
Other income (expense)
Gain on derivative liability			145,551				-
Interest expense			(18,802	)			(13,883	)
Total other income (expense)			126,749				(13,883	)
Net Loss		$	(1,885,982	)		$	(1,063,643	)
Loss per share		$	(0.00	)		$	(0.00	)
Weighted average shares outstanding - basic			731,326,530				599,271,192

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

4

M2i GLOBAL, INC.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ (DEFICIT)

For the Three Months Ended March 31, 2026 and March 31, 2025

(Unaudited)

		Shares				Amount				Shares				Amount				Stock				Capital				Deficit				(Deficit)
		Preferred Shares								Common Shares								Treasury				Additional Paid in				Accumulated				Total Stockholders’
		Shares				Amount				Shares				Amount				Stock				Capital				Deficit				(Deficit)
Balance at December 31, 2025			100,000			$	100				716,021,604			$	716,022			$	(435,000	)		$	5,964,871			$	(13,618,106	)		$	(7,372,113	)
Shares issued for cash received			-				-				7,864,834				7,865				-				12,435				-				20,300
																							.
Shares issued for services			-				-				22,935,203				22,935				-				274,065				-				297,000
Amortization of deferred stock based compensation			-				-				-				-				-				83,333				-				83,333
Shares issued for conversion of convertible note			-				-				876,213				876				-				11,441				-				12,317
Shares cancelled			-				-				(15,556	)			(16	)			-				(984	)							(1,000	)
Shares issued for contingency liability			-				-				12,500,000				12,500				-				300,000				-				312,500
Cash received for shares to be issued			-				-				-				-				-				428,633				-				428,633
Net loss			-				-				-				-				-				-				(1,885,982	)			(1,885,982	)
Balance at March 31, 2026			100,000			$	100				760,182,298			$	760,182			$	(435,000	)		$	7,073,794			$	(15,504,088	)		$	(8,105,012	)
Balance at December 31, 2024			100,000			$	100				583,954,525			$	583,955			$	(435,000	)		$	3,757,155			$	(6,618,639	)		$	(2,712,429	)
Balance			100,000			$	100				583,954,525			$	583,955			$	(435,000	)		$	3,757,155			$	(6,618,639	)		$	(2,712,429	)
Shares issued for cash received			-				-				29,800,000				29,800				-				82,200				-				112,000
Cash received for shares to be issued			-				-				-				-				-				142,861				-				142,861
Net loss			-				-				-				-				-				-				(1,063,643	)			(1,063,643	)
Balance at March 31, 2025			100,000			$	100				613,754,525			$	613,755			$	(435,000	)		$	3,982,216			$	(7,682,282	)		$	(3,521,211	)
Balance			100,000			$	100				613,754,525			$	613,755			$	(435,000	)		$	3,982,216			$	(7,682,282	)		$	(3,521,211	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

5

M2i GLOBAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

		March 31, 2026				March 31, 2025
		Three Months Ended
		March 31, 2026				March 31, 2025
Cash flows from operating activities
Net loss		$	(1,885,982	)		$	(1,063,643	)
Adjustments to reconcile net loss to net cash used in operating activities:
(Gain) on derivative liability			(145,551	)			-
Shares issued for services			380,333				-
Changes in operating assets and liabilities
Prepaid expenses and other current assets			(845	)			28,408
Accounts payable and accrued expenses			510,118				438,256
Accounts payable and accrued expenses-related party			245,839				351,187
Net cash used in operating activities			(896,088	)			(245,792	)
Cash flows from financing activities
Cash received for shares to be issued			428,633				142,861
Cash received for shares issued			19,300				112,000
Loan payable - D&O insurance			-				61,527
Repayment of related party loan			-				(87,896	)
Net cash provided by financing activities			447,933				228,492
Net increase (decrease) in cash		$	(448,155	)		$	(17,300	)
Cash, beginning of period			515,438				36,022
Cash, end of period		$	67,283			$	18,722

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

6

M2i GLOBAL, INC

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1 — Description of Organization and Business Operations

The Company was incorporated in the State of Nevada on June 12, 2018. On June 7, 2023, the Company (“M2i Global, Inc.”) (formerly known as “Inky Inc.”) filed with the Secretary of State of Nevada an Amendment to the Certificate of Incorporation to change its corporate name from “Inky, Inc.” to “M2i Global, Inc.”, effective June 7, 2023.

The Company was formerly engaged in developing mobile software applications for smartphones and tablet devices. During May 2023, the Company became the sole shareholder of U.S. Minerals and Metals Corp., a Nevada corporation (“USMM”) through the issuance of preferred and common shares for cash. Concurrently, the Company shifted its operations to specialization in the development and execution of a complete global value supply chain for critical minerals for the U.S. government and U.S. free trade partners. The Company’s vision is to develop and execute a complete global value supply chain for critical minerals for the United States government and certain trading partners of the United States. To implement this vision, the Company intends to operate three key business divisions as set forth below:

	●	M2i Mining, Processing & Refining: a business engaged in sourcing, extraction, processing, refining, transporting and selling primary minerals and metals;
	●	M2i Scrap & Recycling: a business engaged in the collection, processing, transporting and selling of scrap, recycled and reused metals; and
	●	M2i Government and Defense Industrial Base: a business engaged in aligning with U.S. policy to facilitate participation in U.S. government programs such as the creation and management of a Strategic Minerals Reserve as an enhancement of the U.S. government’s National Defense Stockpile.

On June 30, 2024, the Company and Komodo Capital (“Komodo”), a company specializing in the development and execution of a complete global value supply chain for critical minerals for the U.S. government and U.S. free trade partners, entered into a strategic partnership (the “Strategic Partnership”), in order for Komodo to use its relationships to provide the Company with access to various critical minerals, with an ultimate goal of suppling the U.S. government and U.S. free trade partners with these critical minerals. Komodo Capital also offers comprehensive advisory services. The Company issued 8,000,000 shares of common stock valued at $800 as part of this agreement.

On June 30, 2024, the Company and NTM Minerals Limited (“NTM”), a company specializing in the development and execution of a complete global value supply chain for critical minerals for the U.S. government and U.S. free trade partners, entered into an exclusive offtake agreement (the “Offtake Agreement”), in which NTM will provide for 88,000 tonnes of copper, currently valued at approximately $850 million. The Company is granted offtake rights for a maximum of 88,000 tonnes of copper that is sourced from the Redbank tenements in return for 12 million shares of the Company’s common stock. NTM shall receive additional payments for incremental resource increases or upgrades from the Redbank tenements. M2i retains the option to participate in production pre-funding opportunities.

On July 28, 2025, the Company entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) among the Company, Volato Group, Inc., a Delaware corporation (“Volato”), and Volato Merger Subsidiary, Inc., a Nevada corporation and wholly-owned subsidiary of Volato (“Merger Sub”). Pursuant to the Merger Agreement, and subject to the satisfaction or waiver of the conditions therein, at the effective time of the merger, Merger Sub will be merged with and into the Company with the Company surviving as a wholly owned subsidiary of Volato. The Merger Agreement contains customary representations, warranties and covenants of the parties, and is subject to approval by the Company’s stockholders, approval by the holders of Volato’s Class A common stock, $0.0001 par value per share receipt of certain regulatory approvals and other customary closing conditions. The Company’s board of directors unanimously approved the Merger Agreement and determined that the Merger is advisable and in the best interests of the Company and its stockholders.

7

Note 2 – Going Concern

The accompanying unaudited consolidated condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company had no revenues and incurred losses during the three months ended March 31, 2026 and 2025 totaling $1,885,982 and $1,063,643, respectively. In addition, the accumulated deficit amounted to $15,504,088 and $13,618,106 as of March 31, 2026 and December 31, 2025, respectively. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Management anticipates that the Company may be dependent, for the near future, on additional investment capital to fund operating expenses. It is anticipated that revenues will be forthcoming within the first or second quarters of the next fiscal year. There are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

Note 3 — Summary of Significant Accounting Policies

Change of Fiscal Year

The Board of Directors determined that it was advisable and in the best interests of the Company to change the Company’s fiscal year end from November 30 to December 31 in order to align the Company’s fiscal reporting period with the calendar year. Our results of operations impacting shareholders equity presented in this Form 10Q are for the three months ended March 31, 2026 and 2025, unless otherwise noted.

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and the interim reporting rules of the Securities and Exchange Commission (“SEC”). Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP, have been condensed or omitted from these statements pursuant to such rules and regulation and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report Form filed with the SEC on Form 10-KT on April 15, 2026. In the opinion of management, all adjustments, consisting of normal recurring adjustments (unless otherwise indicated), necessary for a fair presentation of the financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.

Segment Reporting

The Company operates as a single reportable segment. The Chief Operating Decision Makers (“CODMs”) have been identified as the Chief Executive Officer and the Chief Financial Officer, who review the total assets and net loss of Company to make decisions about allocating resources and assessing financial performances. The key measure of segment loss reviewed by the CODMs are the operating expenses.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date. A fair value hierarchy requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value.

8

Described below are the three levels of input that may be used to measure fair value:

Level 1 – Quoted market prices in active markets for identical assets or liabilities.

Level 2 – Observable prices that are based on inputs not quoted on active markets but corroborated by market data.

Level 3 – Unobservable inputs that are used when little or no market data is available.

The application of the three levels of the fair value hierarchy under ASC Topic 820-10-35, the Company’s derivative liability as of the three months ending March 31, 2026 was $362,182 and the year ending December 31, 2025 of $507,733 and measure on Level 3 inputs.

Cash and Cash Equivalents

The Company considers all highly liquid instruments and other short-term investments with a maturity of three months or less, when purchased, to be cash equivalents.

The Company maintains its cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC provides coverage of up to $250,000 per depositor, per financial institution, for the aggregate total of depositors’ interest and non-interest-bearing accounts.

Income Taxes

In accordance with FASB ASC Topic 740, “Income Taxes,” the Company provides for the recognition of deferred tax assets if realization of such assets is more likely than not. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities.

In addition, the Company’s management performs an evaluation of all uncertain income tax positions taken or expected to be taken in the course of preparing the Company’s income tax returns to determine whether the income tax positions meet a “more likely than not” standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years, as defined by the various statutes of limitations, for federal and state purposes. If the Company has interest or penalties associated with insufficient taxes paid, such expenses are reported in income tax expense.

Debt Issuance Costs

The Company accounts for debt issuance costs in accordance with ASU 2015-03. This guidance requires direct and incremental costs associated with the issuance of debt instruments such as legal fees, printing costs and underwriters’ fees, among others, paid to parties other than creditors, are reported and presented as a reduction of debt on the consolidated balance sheets.

Debt issuance costs and premiums or discounts are amortized over the term of the respective financing arrangements using the effective interest method. Amortization of these amounts is included as a component of interest expense net, in the consolidated statements of operations.

Convertible Debt

In accordance with ASC 470 the Company records its convertible notes at the aggregate principal amount, less discount. We will be amortizing the debt discount over the life of the convertible notes as additional non-cash expense utilizing the effective interest rate.

9

Basic and Diluted Loss Per Share

Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

Deferred Stock-Based Compensation

Deferred stock-based compensation shall be deemed to be those transactions carried out by the Company which involve shares of the Company issued for future services.

Treasury Stock

Treasury stock transactions shall be deemed to be those transactions carried out by the Company which involve shares of the Company that grant the right to acquire shares of the Company.

Related Party

The Company records all related party transactions in accordance with ASC 850-10.

Recently Issued Accounting Standards

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes, which enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate reconciliation and income taxes paid. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis. Retrospective application is permitted.

In November 2024, the FASB issued Accounting Standards Update (“ASU 2024-03”), Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosures.

Revenue Recognition

The Company is currently pre-revenue. The Company will recognize revenues in accordance with ASC 606.

Subsequent Events

The Company has evaluated all transactions through the date the financial statements were issued for subsequent event disclosure or adjustment consideration.

Note 4 — Commitments and Contingencies

In June of 2025, a lawsuit was filed in state of Nevada against the Company by a former consultant for breach of contract, securities fraud and related claims stemming from a 2022 consulting agreement and stock agreements entered into with two companies owned by the consultant. In December 2025, the court entered a default judgment in the matter. In February 2026, the Company filed a motion to set aside the default judgment. In March 2026, the Company participated in a mediation with the plaintiff and entered into a long-term settlement agreement. Pursuant to the agreement, the Company agreed to transfer 12,500,000 shares of common stock to the plaintiff and the agreement further provided for mutual release of all claims against the Company. The Company filed a Form 8-K on March 23, 2026 regarding this legal matter. The shares of common stock were issued during the three months ended March 31, 2026 at a value of $312,500.

10

Note 5 – Accounts Payable and Accrued Expenses

During the three months ended March 31, 2026, the Company’s accounts payables and accrued expenses increased to $1,442,076 from $934,276 at the year ended December 31, 2025 for an increase of $507,800. The increase was due to the accrual of professional fees, and accounts payables as the Company continues to shift its operations a noted in Note 1 above.

Note 6 — Related Party Transactions

Under the terms of a consulting agreement with the Company’s Executive Chairman and CFO, the Company is obligated to compensate him $43,667 per month, consisting of $41,667 in consulting fees and a $2,000 monthly allowance. During the three months ended March 31, 2026, the Company incurred $131,000 in expenses related to the consulting agreement. During the three months ended March 31, 2026, the Company paid $90,444. As of the three months ended March 31, 2026, $545,055 remained unpaid under the agreement. During the year ended December 31, 2025, the Board of Directors approved the accruing of interest payable on the unpaid consultant fees retroactive to August 1, 2024. During the three months ended March 31, 2026, the Company accrued $9,969 interest. At the three months ended March 31, 2026, the accrued interest due is $58,756.

Under the terms of a consulting agreement with the Company’s President and Chief Executive Officer, the Company is obligated to compensate him $43,667 per month, consisting of $41,667 in consulting fees and a $2,000 monthly allowance. During the year ended December 31, 2025, the Board of Directors approved the consulting fee to be increased to $56,167 per month, consisting of $54,167 in consulting fees and a $2,000 monthly allowance. During the three months ended March 31, 2026, the Company incurred $168,500 in expenses related to the consulting agreement. During the three months ended March 31, 2026, the Company paid $89,167 consulting expense to the President and Chief Executive Officer. As of the three months ended March 31, 2026, $214,334 remained unpaid under the agreement. During the year ended December 31, 2025, the Board of Directors approved the accruing of interest payable on the unpaid consultant fees retroactive to August 1, 2024. During the three months ended March 31, 2026, the Company accrued $2,890 interest. At the three months ended March 31, 2026, the accrued interest due is $21,943.

Under the terms of agreements with the Company’s directors, the Company is obligated to compensate each of them $10,000 per month. During the three months ended March 31, 2026, the Company incurred $90,000 in expenses related to director agreements. During the three months ended March 31, 2026, the Company paid $0. At the period ended March 31, 2026, $550,000 remained unpaid to all directors.

The Company reimburses related party business expenses. During the three months ended March 31, 2026, the Company incurred $23,593 related party business expenses with a director. At the three months ended March 31, 2026, the balance due to the director is $23,593.

As of March 31, 2026, the Company has an account payable to a vendor, who is a more than 5% beneficial owner, in an amount of $350,000. The Company also have an account payable to a vendor, which is controlled by the Executive Chairman, in an amount of $350,000.

Note 7 — Debt

Convertible Note Payable

On November 24, 2023, the Company executed a 10% convertible note payable agreement with proceeds totaling $250,000, net of an original issuance discount of $20,000. The note, which was to mature on November 24, 2024, is convertible by the holder at $0.50 per share of common stock for the first six months, then is convertible by the holder at 66% of the lowest traded price of the Company’s common stock for the ten days prior to conversion. The note contains certain default provisions which may increase the balance of the note by up to 150%. On November 22, 2024, the Company executed an extension of this note payable from November 24, 2024 to May 24, 2025. On May 23, 2025, the Company executed an extension of this note payable from May 24, 2025 to December 31, 2025. On March 23, 2026, the Company executed an extension of this note payable from December 31, 2025 to September 30, 2026. During the three months ended March 31 2026, the note holder converted $10,000 principal and $2,318 accrued interest into 876,213 shares of common stock.

11

During the three months period ending March 31, 2026, the Company accrued $5,649 interest expense. At the end of the three months period ending March 31, 2026, the accrued interest payable due on this loan is $51,241.

Note 8 — Derivative Valuation

During the year ended December 31, 2024, the Company issued a convertible note (see Footnote 7). The conversion terms of the convertible note are based on certain factors, such as the future price of the Company’s common stock. The number of shares of common stock issuable upon conversion of the promissory note is indeterminate. Due to the exercise terms of the conversion feature becoming available on November 28, 2025, the conversion features in the note met the definition of a derivative and required bifurcation and liability classification at fair value. At the end of the year ending December 31, 2025, the derivative liability was $507,733. During the three months ending Mach 31, 2026, there was a decrease of the derivative liability to $362,182 which represented a change in the fair value of the derivative of $145,551. The Company estimates the fair value of convertible note using the Monte Carlo simulation.

During the three months ended March 31, 2026, the Company had the following activity in the derivative liability account:

 Schedule of Activity in the Derivative Liability Account

Derivative liability at December 31, 2025		$	507,733
(Gain) loss on change in fair value			(145,551	)
Derivative liability at March 31, 2026		$	362,182

A summary of quantitative information with respect to valuation methodology and significant unobservable income used for the Company’s derivative liability that are categorized within Level 3 of fair value hierarchy for the three months ended March 31, 2026 is as follows:

 Schedule of Valuation Methodology and Significant Unobservable Income Used for the Company’s Derivative Liability

Stock price at valuation date		$	1.04
Risk free interest rate			3.68	%
Stock volatility factor			51.77	%
Contractual terms (in years)			0.36

Note 9 — Stockholders’ Equity (Deficit)

On January 1, 2026, the Company filed a Certificate of Amendment with the State of Nevada to increase the number of preferred shares authorized to issue to 10,000,000 preferred shares with a $.001 par value. Of these 10,000,000 shares 100,000 Series A Preferred Stock have been issued. On January 26, 2026, the Company further designated that 500 of the remaining 9,900,000 shares would be designated as Series B preferred stock.

Shares Issued for Cash

During the three months ended March 31, 2026, the Company issued 7,864,834 shares of common stock for cash received of $20,300.

Shares Issued for Services

During the three months ended March 31, 2026, the Company issued 22,935,203 shares of common stock for services rendered valued at $297,000.

12

Shares to be Issued

During the three months ended March 31, 2026, the Company received $428,633 for 17,033,333 shares of common stock to be issued. At three months ended March 31, 2026, the value of these shares was recorded in additional capital. These shares were all issued during the subsequent period and are part of the shares to be issued for cash in the subsequent events footnote.

Convertible Note Payable Conversion

During the three months ended March 31, 2026, the convertible note holder (see Footnote 7) converted $10,000 principal and $2,317 accrued interest into 876,213 shares of common stock.

Commitment/Contingency Shares

During the three months ended March 31, 2026, the Company issued 12,500,000 shares of common stock per the settlement agreement signed in March 2026. (see Footnote 4). The value of these shares is $312,500.

Deferred Stock-Based Compensation

During the year ended November 30, 2024, the Company issued 10,000,000 shares of common stock for future services valued at $1,000,000. These shares were recorded as Deferred Stock-based compensation and the value of the shares is being amortized over three years. The value of the Deferred Stock-based compensation is an offset to Additional Paid in Capital. During the three months ended March 31, 2026, there was $83,333 amortization recorded.

Subscription Receivable

As of the three months ended March 31, 2026, the Company had issued shares valued at $36,485 for which funds had not yet been received. This subscription receivable is an offset to Additional Paid in Capital.

Shares Cancelled

During the three months ended March 31, 2026, the Company cancelled 15,556 shares of Reg A shares for a value of $1,000. These shares were part of the Reg A offering. After the shares were issued, the investors challenged the investment. The Company cancelled the shares because of this.

Note 10 – Subsequent Events

The Company has evaluated all transactions through the date the financial statements were issued for subsequent event disclosure or adjustment consideration.

Subsequent to the three months ended March 31, 2026, the Company filed a Certificate of Amendment with the State of Nevada to increase the number of Series B Preferred Shares from 500 to 750.

Subsequent to the three months ended March 31, 2026, the Company issued 31,688,333 shares of common stock for cash received of $651,538.

Subsequent to the three months ended March 31, 2026, the Company issued 4,476,139 shares of common stock for services render valued at $196,000.

Subsequent to the three months ended March 31, 2026, the Company issued 559.29 shares of Series B Preferred Stock for cash received in prior periods totaling $4,137,500. The cash previously received was recorded as Unissued stock liability

Subsequent to the three months ended March 31, 2026, the Company issued 39 shares of Series B Preferred Stock for services rendered valued at $388,358.

Subsequent to the three months ended March 31, 2026, the Company issued 10 shares of Series B Preferred Stock for services rendered valued at $100,000 in addition to debt forgiveness of $230,000.

Subsequent to the end of the three months ended March 31, 2026, the Company received $10,463 for shares previously issued.

Subsequent to the three months ended March 31, 2026, the Company executed convertible promissory notes totaling $275,000. The notes have a 90-day maturity date and a 10% interest rate. In addition, the holder of the note is entitled to receive 500,000 shares of the Company’s common stock for each $100,000 of principal invested. Each note holder can elect to have the outstanding principal and accrued interest convert into equity securities of the Company issued in subsequent financing at a conversion price equal to a 25% discount to the price per share paid by investors in that financing.

Subsequent to the three months ended March 31, 2026, at a virtual special meeting of the stockholders of Volato the Merger Agreement between Volato, Merger Sub and M2i Global and the transactions contemplated by the Merger Agreement. (See Footnote 1) were approved. 

13

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of our results of operations and financial condition should be read in conjunction with our financial statements and related notes appearing elsewhere in this report. This discussion and analysis contain forward looking statements that involve risks, uncertainties and assumptions. The actual results may differ materially from those anticipated in these forward looking statements as a result of certain factors, including but not limited to, those which are not within our control.

Overview

The Company was incorporated in the State of Nevada on June 12, 2018. On June 7, 2023, the Company (“M2i Global, Inc.”) (formerly known as “Inky Inc.”) filed with the Secretary of State of Nevada an Amendment to the Certificate of Incorporation to change its corporate name from “Inky, Inc.”, to “M2i Global, Inc.”, effective June 7, 2023.

The Company was formerly engaged in developing mobile software applications for smartphones and table devices. During May 2023, the Company became the sole shareholder of U.S. Minerals and Metals Corp., a Nevada corporation (“USMM”) through the issuance of preferred and common shares for cash. Concurrently, the Company shifted its operations to specialization in the development and execution of a complete global value supply chain for critical minerals for the U.S. government and U.S. free trade partners. The Company’s vision is to develop and execute a complete global value supply chain for critical minerals for the United States government and certain trading partners of the United States. To implement this vision, the Company intends to operate three key business divisions as set forth below:

	●	M2i Mining, Processing & Refining: a business engaged in sourcing, extraction, processing, refining, transporting and selling primary minerals and metals;
	●	M2i Scrap & Recycling: a business engaged in the collection, processing, transporting and selling of scrap, recycled and reused metals; and
	●	M2i Government and Defense Industrial Base: a business engaged in aligning with U.S. policy to facilitate participation in U.S. government programs such as the creation and management of a Strategic Minerals Reserve as an enhancement of the U.S. government’s National Defense Stockpile.

On June 30, 2024, the Company and Komodo Capital (“Komodo”), a company specializing in the development and execution of a complete global value supply chain for critical minerals for the U.S. government and U.S. free trade partners, entered into a strategic partnership (the “Strategic Partnership”), in order for Komodo to use its relationships to provide the Company with access to various critical minerals, with an ultimate goal of suppling the U.S. government and U.S. free trade partners with these critical minerals. Komodo Capital also offers comprehensive advisory services. The Company issued 8,000,000 shares of common stock valued at $800 as part of this agreement.

On June 30, 2024, the Company and NTM Minerals Limited (“NTM”), a company specializing in the development and execution of a complete global value supply chain for critical minerals for the U.S. government and U.S. free trade partners, entered into an exclusive offtake agreement (the “Offtake Agreement”), in which NTM will provide for 88,000 tonnes of copper, currently valued at approximately $850 million. The Company is granted offtake rights r a maximum of 88,000 tonnes of copper that is sourced from the Redbank tenements in return for 12 million shares of the Company’s common stock. NTM shall receive additional payments for incremental resource increases or upgrades from the Redbank tenements. M2i retains the option to participate in production pre-funding opportunities.

On July 28, 2025, the Company entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) among the Company, Volato Group, Inc., a Delaware corporation (“Volato”), and Volato Merger Subsidiary, Inc., a Nevada corporation and wholly-owned subsidiary of Volato (“Merger Sub”). Pursuant to the Merger Agreement, and subject to the satisfaction or waiver of the conditions therein, at the effective time of the merger, Merger Sub will be merged with and into the Company with the Company surviving as a wholly owned subsidiary of Volato. The Merger Agreement contains customary representations, warranties and covenants of the parties, and is subject to approval by the Company’s stockholders, approval by the holders of Volato’s Class A common stock, $0.0001 par value per share receipt of certain regulatory approvals and other customary closing conditions. The Company’s board of directors unanimously approved the Merger Agreement and determined that the Merger is advisable and in the best interests of the Company and its stockholders.

14

Recently Issued Accounting Pronouncements

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes, which enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate reconciliation and income taxes paid. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosures.

In November 2024, the FASB issued Accounting Standards Update (“ASU 2024-03”), Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosures.

Summary of Significant Accounting Policies

There have been no changes to the Summary of Significant Accounting Policies described in our Annual Report on Form 10-KT filed with the Securities and Exchange Commission on Apri 15, 2026.

Liquidity and Capital Resources

At March 31, 2026, the Company had a cash balance of $67,283 compared to a cash balance of $515,438 at December 31, 2025. The Company incurred negative cash flow from operations of $896,088 for the period ended March 31, 2026, as compared to negative cash flow from operations of $245,792 in the comparable prior year period. The increase in negative cash flows from operations was primarily from an increase in net loss offset by accrued expenses – related parties and accounts payable and accrued expenses. Cash flows from financing activities during the period ended March 31, 2026, totaled $447,933, as compared to cash flows from financing activities in the comparable prior year period of $228,492. The increase in cash provided by financing activities is the result of an increase in cash received for common shares to be issued. Going forward, the Company expects capital expenditures to increase significantly as operations are expanded pursuant to its current growth plans. The Company anticipates the requirement to raise significant debt or equity capital to fund future operations.

Results of Operations

Comparison of the Three Months Ended March 31, 2026 and March 31, 2025

For the comparable three months ended March 31, 2026 and March 31, 2025, the Company’s revenues totaled $0. We anticipate the Company’s revenues in upcoming quarters may increase significantly as management attempts to implement the Company’s new business model.

For the three months ended March 31, 2026, our operating expenses increased to $2,012,731 compared to $1,049,760 for the comparable period in 2025. The increase of $962,971 was due to an increase in professional fees. We anticipate future operating expenses to increase with the expansion of operations, resulting in increased expenses related to compensation and professional fees.

15

Off Balance Sheet Arrangements

We do not have any off-balance sheet arrangements.

Cybersecurity

Risk Management and Strategy

We recognize the critical importance of developing, implementing, and maintaining robust cybersecurity measures to safeguard our information systems and protect the confidentiality, integrity, and availability of our data.

Managing Material Risks & Integrated Overall Risk Management

We have strategically integrated cybersecurity risk management into our broader risk management framework to promote a company-wide culture of cybersecurity risk management. This integration ensures that cybersecurity considerations are an integral part of our decision-making processes at every level. Our management team continuously evaluates and addresses cybersecurity risks in alignment with our business objectives and operational needs.

Oversee Third-party Risk

Because we are aware of the risks associated with third-party service providers, we have implemented stringent processes to oversee and manage these risks. We conduct thorough security assessments of all third-party providers before engagement and maintain ongoing monitoring to ensure compliance with our cybersecurity standards. The monitoring includes annual assessments of the SOC reports of our providers and implementing complementary controls. This approach is designed to mitigate risks related to data breaches or other security incidents originating from third parties.

Risks from Cybersecurity Threats

We have not encountered cybersecurity challenges that have materially impaired our operations or financial standing.

Item 3. Qualitative and Quantitative Disclosures about Market Risk.

Not required for smaller reporting companies.

Item 4. Controls and Procedures.

The Company is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An assessment was conducted with the participation of our principal executive and principal financial officer of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2025. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the period ended March 31, 2026, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

16

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

In June of 2025, a lawsuit was filed in Nevada against the Company by a former consultant for breach of contract, securities fraud and related claims stemming from a 2022 consulting agreement and stock agreements entered into with two companies owned by the consultant. In December, 2025, the court entered a default judgment in the matter. In February 2026, the Company filed a motion to set aside the default judgment. In March 2026, the Company participated in a mediation with the plaintiff and entered into a long-term settlement agreement. Pursuant to the agreement, the Company has agreed to transfer 12,500,000 shares of common stock to the plaintiff and the agreement further provides for mutual release of all claims against the Company. The Company filed a Form 8-K on March 23, 2026 regarding this legal matter. These shares were issued subsequent to the period ending March 31, 2026.

Item 1A. Risk Factors.

Not required for smaller reporting companies.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

During the three months ended March 31, 2026, we received proceeds of $528,633 for the issuance of 17,033,333 is an “accredited investor” for purposes of Rule 501 of Regulation D.

Item 3. Defaults upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

Exhibit No.		Description of Document
31.1 *		Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934.
31.2 *		Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934.
32.1 *		Certification pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. §1350).
32.2 *		Certification pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. §1350).
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Label Linkbase Document
101.PRE		Inline XBRL Taxonomy Presentation Linkbase Document
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

17

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		M2i Global, Inc. (Registrant)
Dated May 15, 2026		/s/ Alberto Rosende
		Alberto Rosende Chief Executive Officer
		(Principal Executive Officer)
		M2i Global, Inc. (Registrant)
Dated May 15, 2026		/s/ Doug Cole
		Doug Cole Chief Financial Officer
		(Principal Financial Officer)

18