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Volatus Announces Closing of Previously Announced Upsized and Fully Subscribed LIFE Offering of $5,000,000
Globenewswire· 2025-06-27 23:50
Core Points - Volatus Aerospace Inc. has successfully closed its upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement, raising gross proceeds of $5,000,000 by issuing 25,000,000 units at a price of $0.20 per unit [1][2] - Each unit consists of one common voting share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.30 for a period of 36 months [1][2] Use of Proceeds - The net proceeds from the LIFE Financing will be utilized for global market expansion, investment in Arctic and remote operations infrastructure, inventory, and general corporate and working capital purposes [2] Finder's Fees and Regulatory Approval - The company paid an aggregate of $300,000 as finder's fees to individuals who assisted with the LIFE Offering, which is subject to final approval from the TSX Venture Exchange [2][3] Securities Offering Details - The units issued under the LIFE Offering are not subject to a hold period under applicable Canadian securities laws, as they were offered pursuant to the listed issuer financing exemption [3] Company Overview - Volatus Aerospace Inc. is a leader in innovative global aerial solutions, providing comprehensive services using both piloted and remotely piloted aircraft systems across various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure [5]
Volatus Aerospace Secures Strategic National Contract to Power Canada’s Data-Driven Agriculture Movement
Globenewswire· 2025-06-25 11:30
Core Insights - Volatus Aerospace Inc. has secured a national agriculture contract to support data-driven crop intelligence, positioning the company at the forefront of precision agriculture, a rapidly growing sector in drone and remote sensing technology [1][3]. Group 1: Contract Details - Under the agreement, Volatus will conduct multispectral aerial surveys across 21 agricultural sites in Alberta, Ontario, Manitoba, and Quebec, with each site being surveyed twice during the growing season [2]. - The project aims to capture critical insights into plant health and crop performance, with flights already in progress [2]. Group 2: Industry Context - The initiative highlights the increasing demand for scalable, technology-driven farming solutions, as smart farming is essential for addressing challenges like sustainable food production and rising input costs [3]. - Agriculture and Agri-Food Canada emphasizes the importance of drone and sensor technology in improving agricultural yields [3]. Group 3: Company Capabilities - The contract demonstrates Volatus' ability to efficiently scale drone operations across Canada, leveraging a growing network of local teams for rapid mobilization in rural areas [4]. - The company is developing advanced operational models that include beyond visual line of sight (BVLOS) and drone-in-a-box technologies for continuous crop monitoring throughout the growing season [4]. Group 4: Commercial Portfolio - This agriculture initiative enhances Volatus' commercial portfolio of drone-based services and showcases its capability to execute large-scale, time-sensitive projects across various geographies and industries [5].
Volatus Aerospace Supports J.D. Irving, Limited’s Vision for Drone-Powered Tree Planting in New Brunswick
Globenewswire· 2025-06-23 13:05
Core Viewpoint - Volatus Aerospace Corp. has entered a strategic collaboration with J.D. Irving, Limited to enhance tree planting operations in New Brunswick using advanced drone technology, aiming to improve efficiency and environmental impact in forestry management [1][3]. Company Overview - Volatus Aerospace is a leading provider of integrated aerial intelligence and logistics solutions, serving various industries including public safety, healthcare, energy, agriculture, and environmental management [6]. - J.D. Irving, Limited is a private, family-owned company with a strong commitment to sustainable forestry practices, having planted over 1.1 billion trees since 1957 and being one of North America's largest private landowners [9]. Project Details - The collaboration will utilize a heavy-lift Remotely Piloted Aircraft System (RPAS) to transport seedlings and supplies to planting crews in remote areas, coordinated from Volatus' Operations Control Centre in Vaughan, Ontario [2][8]. - The project aims to address the need for over 5.3 billion seedlings to restore 15% of forests damaged by recent wildfires, highlighting the growing demand for tree planting services [3]. Market Potential - The global tree planting services market is projected to grow from $7.2 billion in 2023 to $12.5 billion by 2031, positioning Canada and drone logistics technologies as key players in this expansion [3]. Technological Innovation - Drone-based seedling delivery offers a scalable and low-cost solution for tree planting, leveraging AI, automation, and remote sensing to minimize environmental impact while enhancing operational efficiency [4].
Volatus LIFE Offering Financing Oversubscribed and Upsized to $5,000,000
Globenewswire· 2025-06-20 12:30
Core Viewpoint - Volatus Aerospace Inc. has increased its non-brokered listed issuer financing exemption (LIFE) private placement to 25 million units at a price of $0.20 per unit, aiming for gross proceeds of approximately $5 million, up from the initial $4 million [1][2]. Group 1: Financing Details - The LIFE Offering will consist of 25,000,000 units priced at $0.20 each, with gross proceeds expected to reach around $5,000,000 [1]. - Each unit includes one common voting share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.30 for 36 months [1]. - The offering is expected to close on or before June 26, 2025, subject to regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the LIFE Financing will be allocated for global market expansion, investment in Arctic and remote operations infrastructure, inventory, and general corporate and working capital purposes [3]. Group 3: Growth Opportunities - The company anticipates growth opportunities linked to recent policy changes from the Canadian Federal Government, including increased defense spending and commitments related to Ukraine [4].
Volatus Announces $4,000,000 Non-Brokered LIFE Financing
Globenewswire· 2025-06-19 20:48
Core Viewpoint - Volatus Aerospace Inc. is initiating a non-brokered private placement to raise up to $4 million through the issuance of 20 million units at a price of $0.20 per unit, aimed at expanding its operations and infrastructure [2][4]. Group 1: Offering Details - The offering consists of units, each comprising one common voting share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.30 for 36 months [3]. - The financing is expected to close around June 26, 2025, subject to regulatory approvals and may occur in multiple tranches [5]. Group 2: Use of Proceeds - The net proceeds from the financing will be allocated for global market expansion, investment in Arctic and remote operations infrastructure, inventory, and general corporate purposes [4][10]. - Recent policy signals from the Canadian Federal Government regarding defense spending and commitments to Ukraine present growth opportunities for the company [10]. Group 3: Company Overview - Volatus Aerospace is a leader in innovative aerial solutions, providing services across various industries including oil and gas, energy utilities, healthcare, and public safety [9]. - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [9].
Volatus Aerospace Inc. Secures $3 Million in Financing from Existing Major Institutional Investor and Provides Corporate Update
Globenewswire· 2025-06-19 13:05
Core Viewpoint - Volatus Aerospace Inc. has successfully closed a $3 million private placement from Investissement Québec, increasing the total investment to $10.5 million, which will support the company's growth and development in key sectors ahead of the 2025 season [1][2][3]. Financing Details - The financing involves an amended and restated secured convertible debenture with a principal amount of $10.5 million, bearing an interest rate of 12.5% per annum, maturing on October 21, 2029 [1][3]. - The interest for the first three years will be non-cash and capitalized semi-annually, while the last two years will require cash payments unless converted [3][4]. Use of Proceeds - The net proceeds from the financing will be utilized for inventory financing, capital expenditures, working capital, and general corporate purposes [4]. Corporate Updates - The company has completed a shares-for-debt transaction, issuing 3,720,000 units to settle $446,400 in principal and interest owed to holders of unsecured non-convertible debentures [5][6]. - Each unit consists of one common share and one warrant, with the warrant exercisable at $0.20 for 36 months [6]. Employee Incentives - Volatus has issued 2,900,000 restricted share units to employees under its equity incentive plan, with the CEO opting out to extend benefits across the organization [8][9]. Company Overview - Volatus Aerospace specializes in innovative global aerial solutions, serving industries such as oil and gas, utilities, healthcare, and public safety, with a mission to enhance operational efficiency and sustainability [10].
Volatus Releases Q1 2025 Financial Results
Globenewswire· 2025-05-29 20:45
Core Insights - Volatus Aerospace Inc. reported Q1 2025 financial results, generating revenues of CAD 5,713,158 with a gross margin of 32% [2][6] - The company achieved a 30% year-over-year improvement in Adjusted EBITDA, reducing losses from CAD 1.39 million in Q1 2024 to CAD 978,000 in Q1 2025 [7][8] - The company is focusing on operational efficiency and strategic partnerships to enhance its market position and profitability [8] Financial Highlights - Revenue for Q1 2025 was CAD 5,713,158, down from CAD 6,623,741 in Q1 2024, reflecting a strategic repositioning towards a more profitable revenue mix [7][11] - Gross profit was CAD 1,829,973, with a gross margin of 32%, compared to 34% in Q1 2024, primarily due to a higher proportion of lower-margin equipment sales [7][11] - Comprehensive loss increased to CAD 4,285,320 in Q1 2025 from CAD 2,991,319 in Q1 2024, indicating ongoing challenges despite operational improvements [7][11] Operational Highlights - The company experienced a 47% quarter-over-quarter increase in equipment sales driven by changes in tariff policies in the US market [7] - Volatus closed a fully subscribed LIFE Offering of CAD 3,000,000 and a shares-for-debt transaction of CAD 2,646,000, strengthening its balance sheet [6][7] - The company announced several strategic partnerships to enhance its operational capabilities, including collaborations with Ondas Holdings and Draganfly for various projects [7][8] Regulatory and Market Developments - Volatus obtained Canada-wide approval for long-distance, remotely piloted BVLOS drone operations at night, which supports its expansion plans [7] - The company surpassed 75,000 flight hours in pipeline integrity monitoring, showcasing its operational experience and capabilities [7] - Ongoing geopolitical challenges are being navigated through diversification and securing key regulatory approvals [8]
Volatus Aerospace Announces Broad National Expansion of Drone Operating Authorities Across Canada, Unlocking Scalable, High-Value Aerial Operations
Globenewswire· 2025-05-27 10:30
Core Viewpoint - Volatus Aerospace Inc. has received expanded Special Flight Operations Certificates (SFOC) from Transport Canada, significantly enhancing its commercial drone operations across Canada, allowing for more flexible and scalable services [1][2][10]. Expanded Nationwide Drone Operating Authorities - The newly amended SFOC allows for Canada-wide BVLOS (Beyond Visual Line of Sight) operations for small drones (250g to 25kg) both day and night in uncontrolled airspace, expanding previous nighttime BVLOS authority [2][10]. Proximity Flight Near Infrastructure - Volatus is now permitted to operate RPAS beyond visual line-of-sight within 100 feet vertically and 200 feet horizontally of structures, facilitating close-proximity inspections and surveillance [3][10]. Access to Restricted and Controlled Airspace - The company has gained approval to operate within Class F restricted airspace and NOTAM-defined zones, enabling operations in complex environments [4][10]. Operations in Northern Domestic Airspace - Clearance for BVLOS drone operations at altitudes up to 400 feet AGL in Northern Domestic Airspace supports various missions, including environmental monitoring and cargo delivery [5][10]. BVLOS Operations Without Visual Observers - Specific authorization allows for BVLOS operations without the need for a pilot or observer to maintain visual contact, utilizing accepted detect-and-avoid technologies [6][10]. Support for Remote and Automated Systems - The new regulations enable integration with automated drone operations, including drone-in-a-box solutions, enhancing scalability and commercial viability [7][10]. Regulatory Momentum with Commercial Impact - The expanded BVLOS capabilities and heavy-lift operations position Volatus to serve critical sectors such as cargo logistics, energy monitoring, and public safety, including wildfire response [8][9][10]. Leadership Position in Drone Economy - Volatus is among a select group of operators authorized to conduct complex drone operations at the highest safety assurance level (SAIL 4), allowing for safe and compliant services in critical sectors [11][12]. Building on a Growing Portfolio of Regulatory Approvals - The new authorizations build on previous BVLOS authorities, creating a robust regulatory framework that positions Volatus as a leader in scalable drone services in Canada [10][12]. About Volatus Aerospace - Volatus Aerospace specializes in innovative aerial solutions for intelligence and cargo, serving various industries including healthcare, utilities, and public safety, with a focus on enhancing operational efficiency and safety [13][14].
Volatus Aerospace Inc. Announces Shares-for-Debt Transaction
GlobeNewswire News Room· 2025-05-22 12:30
Core Viewpoint - Volatus Aerospace Inc. is proposing a shares-for-debt settlement to enhance shareholder value and strengthen its balance sheet, involving the settlement of $446,400 in outstanding principal and interest through the issuance of 3,720,000 units at a deemed price of $0.12 per unit [1] Group 1: Shares-for-Debt Transaction Details - The proposed transaction involves settling unsecured non-convertible debentures with an aggregate amount of $446,400 [1] - Each unit issued will consist of one common voting share and one common voting share purchase warrant, with the warrant exercisable at $0.20 per share for 36 months [1] - The transaction is subject to regulatory approvals, including that of the TSX Venture Exchange [2] Group 2: Company Overview - Volatus Aerospace is a leader in global aerial solutions, providing services to industries such as oil and gas, utilities, healthcare, and public safety [4] - The company has over 100 years of combined institutional knowledge in aviation and aims to enhance operational efficiency, safety, and sustainability [4]
Volatus Aerospace Inc. Completes Shares-for-Debt Settlement of Unsecured Convertible Debentures
Globenewswire· 2025-05-14 13:17
Core Points - Volatus Aerospace Inc. has completed a shares-for-debt transaction, issuing 20,174,280 common shares and 17,640,000 warrants to settle a debt of $3,026,142 [1][2] - The common shares were issued at a deemed price of $0.15 per share, while each warrant is exercisable at $0.20 per share for three years, with potential acceleration based on trading price conditions [2][3] - The transaction is subject to a hold period of four months and one day and requires final approval from the TSX Venture Exchange (TSXV) [3][4] Company Overview - Volatus Aerospace is a leader in global aerial solutions, focusing on intelligence and cargo services, with over 100 years of combined institutional knowledge in aviation [5] - The company serves various industries, including oil and gas, utilities, healthcare, and public safety, aiming to enhance operational efficiency, safety, and sustainability [5]