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Volatus Aerospace Inc
Symbol FLT
Shares Issued 497,864,585
Close 2025-06-19 C$ 0.20
Market Cap C$ 99,572,917
Recent Sedar Documents

Volatus Aerospace arranges $4-million private placement

2025-06-19 18:54 ET - News Release

Mr. Abhinav Singhvi reports

VOLATUS ANNOUNCES $4,000,000 NON-BROKERED LIFE FINANCING

Volatus Aerospace Inc. has filed an offering document in connection with a non-brokered private placement of up to 20 million units of the company at a price of 20 cents per unit for gross proceeds of up to $4-million.

Each unit will comprise one common voting share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 30 cents per warrant share for a period of 36 months following the date of issuance.

The company intends to use the net proceeds of the LIFE financing for expansion into global markets, investment into Artic and remote operations infrastructure, inventory, and general corporate and working capital purposes.

The LIFE financing is expected to close on or around June 26, 2025, or such other dates as the company may decide (the closing date). The LIFE financing is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange, regulatory and other approvals. The LIFE financing may be closed in multiple tranches.

The company may choose to pay eligible finders a cash fee of up to 6 per cent of the gross proceeds of the LIFE financing.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions (NI 45-106), the units will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Since the LIFE financing is being completed pursuant to the listed issuer financing exemption, the securities issued to Canadian resident subscribers in the LIFE financing will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the LIFE financing that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Volatus Aerospace Inc.

Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, health care, public safety, and infrastructure. The company is committed to enhancing operational efficiency, safety and sustainability through cutting-edge aerial technologies.

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