Core Points - Volatus Aerospace Inc. has successfully closed a fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement, raising approximately $10 million by issuing 19,230,770 units at a price of $0.52 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 $0.76 for 36 months [1] - The net proceeds from the LIFE Financing will be used for expansion into the defense business segment, increasing inventory of drone systems, and for general working capital [2] Financial Details - The LIFE Offering generated gross proceeds of approximately $10 million [1] - The company paid an aggregate of $600,000 as finder's fees related to the LIFE Offering [3] Regulatory Information - The LIFE Offering is subject to final approval from the TSX Venture Exchange (TSXV) [3] - The securities issued under the LIFE Offering are not subject to a hold period under applicable Canadian securities laws [4] 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 [6] - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [6]