Volatus LIFE Offering Financing Oversubscribed and Upsized to $5,000,000

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].