Volatus Aerospace Inc. Announces “Bought Deal” Private Placement

Core Points - Volatus Aerospace Inc. has entered into an agreement for a bought deal private placement of 8,076,924 units at a price of $0.52 per unit, aiming for gross proceeds of $4,200,000 [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at an exercise price of $0.76 for 36 months [2] - The offering will be available to purchasers across all provinces in Canada under the "Listed Issuer Financing Exemption" and will not be subject to statutory hold periods [3] Underwriter Details - The underwriter has an option to purchase an additional 15% of the offered securities at the issue price, exercisable up to 48 hours before the closing date [4] - The underwriter will receive a cash fee of 6.0% of the gross proceeds and non-transferable warrants equal to 6.0% of the number of offered securities sold [5] Use of Proceeds - The net proceeds from the offering will be used for expansion into the defense business segment, increasing inventory of drone systems, and for general working capital [6] - The offering is expected to close on or about August 14, 2025, subject to necessary approvals [6] Company Overview - Volatus Aerospace is a leader in global aerial solutions, providing services across 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]