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Volatus LIFE Offering Financing Oversubscribed and Upsized to $3,000,000
Globenewswireยท 2025-04-29 11:00
The Company intends to use the net proceeds of the LIFE Offering for capital expenditures, inventory and general corporate and working capital purposes. The LIFE Offering is expected to close on or before May 9, 2025, or such other dates as the Company may decide (the "Closing Date"). The LIFE Offering is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange ("TSXV"), regulatory and other approvals. The LIFE Offering may be closed in multiple tranches. ...
Volatus Announces $2,000,000 Financing
Globenewswireยท 2025-04-28 20:55
Group 1 - Volatus Aerospace Inc. is conducting a non-brokered private placement of up to 16,666,667 units at a price of $0.12 per unit, aiming for gross proceeds of up to $2,000,000.04 [1][4] - Each unit consists of one common voting share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.20 for 36 months [2] - The net proceeds from the financing will be allocated for capital expenditures, inventory, and general corporate and working capital purposes [3] Group 2 - The financing is expected to close on or before May 9, 2025, subject to customary conditions and regulatory approvals [4] - The company may pay eligible finders a cash fee of up to 8% of the gross proceeds from the financing [4] - The offering is being conducted under the Listed Issuer Financing Exemption, meaning securities issued to Canadian residents will not be subject to a hold period [6] Group 3 - Volatus Aerospace is recognized for its innovative global aerial solutions, serving various industries including oil and gas, energy utilities, healthcare, public safety, and infrastructure [8] - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [8]
Senti Bio's SENTI-202, a First-in-Class Off-the-Shelf Logic Gated Selective CD33 OR FLT3 NOT EMCN CAR NK Cell Therapy, Demonstrates Positive Preliminary Clinical Results in the Treatment of Patients with Relapsed/Refractory AML
GlobeNewswire News Roomยท 2025-04-28 11:00
Core Insights - Senti Biosciences, Inc. presented positive preliminary data for SENTI-202, a potential first-in-class CAR-NK cell therapy for relapsed/refractory AML, at the AACR Annual Meeting 2025 [1][2][3] - The Phase 1 study identified a recommended Phase 2 dose (RP2D) of 1.5 x 10^9 CAR NK cells, with no dose limiting toxicities observed [3][4] - The therapy demonstrated a 71% overall response rate (ORR) among evaluable patients, with 4 out of 7 achieving composite complete remission (cCR) [3][5] Clinical Data - The study involved 9 patients treated with SENTI-202, with 7 evaluable for overall response [3] - Efficacy results included 5 of 7 patients achieving ORR, with 3 complete remissions (CR) and 1 CR with partial hematologic recovery (CRh) [3][9] - All cCR patients were found to be measurable residual disease (MRD) negative [3][9] Safety Profile - SENTI-202 was well-tolerated, with an adverse event profile consistent with other investigational NK cell therapies [9] - No grade 5 adverse events were reported, and most grade 3 or higher events were attributed to lymphodepleting chemotherapy rather than SENTI-202 [9] Financial Highlights - As of March 31, 2025, Senti Bio reported cash and cash equivalents of approximately $33.8 million [8] - Research and development expenses for Q1 2025 were $9.3 million, an increase from $8.8 million in Q1 2024 [15] - General and administrative expenses decreased to $7.1 million in Q1 2025 from $7.5 million in Q1 2024 [15] Pipeline Update - The Phase 1 study of SENTI-202 is ongoing, with plans for disease-specific expansion cohorts [4] - Senti Bio is also collaborating on SENTI-301A for hepatocellular carcinoma (HCC), although enrollment has been halted due to dose limiting toxicities observed in a related trial [10]
Volatus Aerospace Fulfills Demonstration Order with a G-20 Defense Organization
Globenewswireยท 2025-04-24 12:12
Core Insights - Volatus Aerospace Inc. has successfully completed a demonstration order for a leading defense organization from a G-20 nation, showcasing its advanced drone systems [1][2] - The company anticipates being shortlisted for follow-on contracts with a potential total value of up to USD $8 million, with gross margins consistent with similar contracts [3] - The CEO of Volatus Aerospace highlighted the increasing demand for adaptable drone solutions due to defense modernization efforts across NATO and G-20 countries [4] Company Overview - Volatus Aerospace is a leader in innovative global aerial solutions, providing comprehensive solutions using both piloted and remotely piloted aircraft systems [5] - The company serves various industries, including oil and gas, utilities, healthcare, and public safety, aiming to enhance operational efficiency, safety, and sustainability [5]
Volatus Aerospace Gains Clearance for High-Value RPAS Deployment in Oil & Gas Sector
Globenewswireยท 2025-04-15 11:45
Core Insights - Volatus Aerospace Inc. has received approval from two major North American oil and gas companies to provide drone-based aerial services for critical energy infrastructure [1][3] - The approval allows Volatus to perform various aerial services, including emergency callouts, pipeline surveillance, leak detection, magnetometry, and asset inspections using remotely piloted aircraft systems (RPAS) [2] Company Expansion - This approval enhances Volatus' presence in the energy sector, enabling the company to deliver critical insights in a more flexible and cost-effective manner [3] - The introduction of drone operations is projected to increase revenue in the oil and gas surveillance segment by up to 20% while maintaining typical operating cost profiles [3] Operational Capabilities - Volatus Aerospace aims to expand its operational footprint in sectors requiring precision, agility, and trust, including critical infrastructure monitoring and emergency response [4] - The company provides comprehensive aerial solutions using both piloted and remotely piloted aircraft systems, serving industries such as oil and gas, utilities, healthcare, and public safety [5]
Volatus Aerospace Secures Extension to Service Agreement with Canadian Government
Globenewswireยท 2025-04-14 11:45
Core Insights - Volatus Aerospace Inc. has secured a one-year extension to its standing offer with the Canadian government, allowing it to provide UAV services until March 31, 2026 [1] - The extension follows the introduction of new BVLOS regulations, which are set to take effect on November 4, 2025, enabling advanced drone operations [2][3] - Volatus is positioned as a leader in the UAV industry, being the first service provider added to Canada's National Master Standing Offer in November 2020, and is qualified to handle multiple service streams [2] Company Overview - Volatus Aerospace is recognized for its innovative aerial solutions, leveraging over 100 years of combined aviation knowledge to serve various industries including oil and gas, utilities, healthcare, and public safety [4] - The company aims to enhance operational efficiency, safety, and sustainability through advanced aerial technologies [4] Regulatory Impact - The newly enacted BVLOS regulations represent a significant shift in the UAV industry, allowing for routine beyond visual line-of-sight operations, which will enhance Volatus' service delivery capabilities [3] - The company has also received authorization for nighttime BVLOS operations, further increasing its operational flexibility [2]
Volatus Aerospace Inc. Announces Shares-for-Debt Settlement of Unsecured Convertible Debentures to Strengthen Balance Sheet
Globenewswireยท 2025-04-11 11:30
Core Viewpoint - Volatus Aerospace Inc. is proposing a shares-for-debt settlement to enhance shareholder value and strengthen its balance sheet, subject to TSX Venture Exchange approval [1][4]. Group 1: Transaction Details - The company issued $2,646,000 in principal amount of debentures on May 11, 2023, and has reached an agreement with debenture holders for a shares-for-debt transaction [2][5]. - The company expects to issue a total of 20,157,908 common shares and 17,639,995 warrants, depending on the maturity date selected [3][5]. - The conversion price for both the principal and accrued interest is set at $0.15 per share, with an additional 10% of the principal amount issued as supplemental shares [5]. Group 2: Financial Restructuring - The financial restructuring is aimed at optimizing the capital structure and providing financial flexibility for sustainable growth [4]. - The securities issued will be subject to a hold period of four months and one day following issuance, in accordance with applicable laws [4]. Group 3: Maturity and Warrant Details - The maturity date for the debentures will not exceed May 11, 2025, with a five-day notice provided to debenture holders [5]. - Each warrant will be exercisable at a price of $0.20 per share for three years, with provisions for acceleration if share prices exceed $0.35 for ten consecutive trading days [5]. Group 4: Company Overview - Volatus Aerospace specializes in innovative global aerial solutions, serving industries such as oil and gas, utilities, healthcare, and public safety [7]. - The company aims to enhance operational efficiency, safety, and sustainability through advanced aerial technologies [7].
Volatus Aerospace to Present at the AI & Technology Virtual Investor Conference on April 3rd
Globenewswireยท 2025-04-01 21:00
Core Viewpoint - Volatus Aerospace Inc. is hosting an AI & Technology Virtual Investor Conference on April 3rd, 2025, to discuss its strategic growth plans and partnerships in the remotely piloted aircraft systems (RPAS) sector [1][2]. Company Overview - Volatus Aerospace is recognized as a leader in innovative global aerial solutions, focusing on intelligence and cargo operations. The company has over 100 years of combined institutional knowledge in aviation and serves various industries, including oil and gas, utilities, healthcare, and public safety [4]. Event Details - The conference will feature a live presentation by CEO Glen Lynch, covering the company's growth strategies, RPAS initiatives, and recent partnerships with firms like Kongsberg Geospatial, Dufour, RigiTech, DroneUp, and Ondas Holdings [2]. - The event is scheduled for April 3rd, 2025, at 10:00 AM EST, and will allow real-time questions from investors. A recording will be available for those unable to attend live [2][3]. Participation Information - Pre-registration is encouraged to facilitate participation and ensure timely access to the event. Investors are advised to conduct an online system check in advance to avoid delays [3].
Volatus Aerospace Granted National Approval for Nighttime Long-Distance Remote Drone Operations
Globenewswireยท 2025-03-26 12:00
Core Points - Volatus Aerospace Inc. has received approval from Transport Canada for long-distance, remotely piloted beyond visual line of sight (BVLOS) drone operations at night across Canada [1][2] - This approval allows for critical nighttime operations such as border surveillance, facility security, search and rescue, thermal detection for wildfires, and cargo delivery [1][2][3] - The company aims to secure multiple Canada-wide Special Flight Operations Certificates (SFOCs) to expand its operational capabilities in key sectors like pipeline inspections and utility transmission [4] Company Overview - Volatus Aerospace is a leader in innovative aerial solutions, providing services using both piloted and remotely piloted aircraft systems (RPAS) [5] - The company serves various industries including oil and gas, utilities, healthcare, and public safety, focusing on enhancing operational efficiency, safety, and sustainability [5]
Volatus Aerospace Partners with RigiTech to Enhance Medical Delivery Services with Long-Range Drone Technology
Globenewswireยท 2025-03-20 18:18
Core Insights - Volatus Aerospace has formed a strategic partnership with RigiTech to integrate the Eiger long-range delivery drone into its drone delivery network, enhancing medical delivery capabilities across Canada and beyond [1][3] - The Eiger drone can carry payloads of 3 kg for distances up to 100 km, making it suitable for Volatus' medical delivery services [2] - This collaboration allows Volatus to extend delivery distances and cater to more remote and underserved locations, complementing its existing local delivery services [3] Company Overview - Volatus Aerospace is a leader in aerial solutions, providing services for various industries including oil and gas, utilities, healthcare, and public safety [5] - The company operates two drone delivery services in Canada, with all flights managed remotely from its Operations Control Center in Vaughan [3] - RigiTech specializes in drone technology for logistics and delivery, focusing on creating efficient drones tailored to client needs [6] Strategic Importance - The partnership with RigiTech is seen as a significant step in transforming logistics through drone technology, leveraging Volatus' remote operating experience and infrastructure [4] - Volatus plans to discuss the strategic importance of partnerships in navigating geopolitical shifts during an upcoming webinar [4]