Core Points - Volatus Aerospace Inc. has successfully closed its upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement, raising gross proceeds of $5,000,000 by issuing 25,000,000 units at a price of $0.20 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 $0.30 for a period of 36 months [1][2] Use of Proceeds - The net proceeds from the LIFE Financing will be utilized for global market expansion, investment in Arctic and remote operations infrastructure, inventory, and general corporate and working capital purposes [2] Finder's Fees and Regulatory Approval - The company paid an aggregate of $300,000 as finder's fees to individuals who assisted with the LIFE Offering, which is subject to final approval from the TSX Venture Exchange [2][3] Securities Offering Details - The units issued under the LIFE Offering are not subject to a hold period under applicable Canadian securities laws, as they were offered pursuant to the listed issuer financing exemption [3] 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, including oil and gas, energy utilities, healthcare, public safety, and infrastructure [5]

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].

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].

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) (“Volatus” or the “Company”), a leader in global aerial solutions, is pleased to announce a proposed shares-for-debt settlement aimed at enhancing shareholder value and strengthening the Company’s balance sheet. The Company has reached an agreement, subject to receipt of TSX Venture Exchange (“TSX ...

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]

The Company intends to use the net proceeds of the LIFE Offering for capital expenditures, inventory and general corporate and working capital purposes. The LIFE Offering is expected to close on or before May 9, 2025, or such other dates as the Company may decide (the "Closing Date"). The LIFE Offering is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange ("TSXV"), regulatory and other approvals. The LIFE Offering may be closed in multiple tranches. ...