Volatus Aerospace Inc. Secures $3 Million in Financing from Existing Major Institutional Investor and Provides Corporate Update

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].