Volatus Aerospace Inc. Completes Shares-for-Debt Settlement of Unsecured Convertible Debentures

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]