Shares - for - debt transaction

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Volatus Aerospace Inc. Announces Shares-for-Debt Transaction
GlobeNewswire News Room· 2025-05-22 12:30
Core Viewpoint - Volatus Aerospace Inc. is proposing a shares-for-debt settlement to enhance shareholder value and strengthen its balance sheet, involving the settlement of $446,400 in outstanding principal and interest through the issuance of 3,720,000 units at a deemed price of $0.12 per unit [1] Group 1: Shares-for-Debt Transaction Details - The proposed transaction involves settling unsecured non-convertible debentures with an aggregate amount of $446,400 [1] - Each unit issued will consist of one common voting share and one common voting share purchase warrant, with the warrant exercisable at $0.20 per share for 36 months [1] - The transaction is subject to regulatory approvals, including that of the TSX Venture Exchange [2] Group 2: Company Overview - Volatus Aerospace is a leader in global aerial solutions, providing services to industries such as oil and gas, utilities, healthcare, and public safety [4] - The company has over 100 years of combined institutional knowledge in aviation and aims to enhance operational efficiency, safety, and sustainability [4]
Volatus Aerospace Inc. Completes Shares-for-Debt Settlement of Unsecured Convertible Debentures
Globenewswire· 2025-05-14 13:17
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]