Mr. Abhinav Singhvi reports

VOLATUS AEROSPACE CLOSES $34.5M BOUGHT DEAL PUBLIC OFFERING

Volatus Aerospace Inc. has completed its previously announced bought deal public offering for aggregate gross proceeds of $34,534,500. Pursuant to the public offering, a total of 53.13 million common voting shares of the company were sold at a price of 65 cents per common share, including an aggregate of 6.93 million common shares issued as a result of the full exercise of the overallotment option. The public offering was conducted by a syndicate of underwriters including Desjardins Capital Markets, as sole bookrunner, and Stifel Nicolaus Canada Inc., as co-lead underwriters, together with Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp., ATB Cormark Capital Markets, RBC Capital Markets and Scotia Capital Inc.

The company intends to use the net proceeds from the public offering to advance the company's long-term strategy, including: (1) investing in expanded facilities and manufacturing capacity to fulfill increased demand internationally; (2) product development of further enhanced capabilities for remotely piloted aircraft systems for the defence industry; (3) enhancing the ability to consider larger acquisitions of complementary technologies and businesses; (4) increasing the company's attractiveness as a stable and reliable long-term supplier and strengthening the company's balance sheet to demonstrate additional working capital when bidding for larger governmental and commercial contracts; and (5) for general corporate purposes, as more particularly described in the company's prospectus supplement dated May 29, 2026.

The public offering is subject to final approval of the Toronto Stock Exchange (TSX).

About Volatus Aerospace Inc.

Volatus Aerospace is a global provider of integrated dual-use aerial solutions for commercial and defence applications, leveraging both piloted and remotely piloted aircraft systems (RPAS). The company serves industries including oil and gas, utilities, health care, and public safety. Volatus's mission is to enhance operational efficiency, safety and resilience through real-world, scalable aerial technologies.

We seek Safe Harbor.