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]

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 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].

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]

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]

Not for distribution to United States newswire services or for dissemination in the United States. TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that it has closed its previously announced upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFE Offering"). The Company issued 25,000,000 units of the Company ("Units") at a price of $0.12 per U ...

Core Viewpoint - Volatus Aerospace Inc. has increased the size of its non-brokered LIFE private placement from $2,000,000 to approximately $3,000,000 due to strong investor demand [2][3]. Group 1: Financing Details - The LIFE Offering will consist of up to 25,000,000 units priced at $0.12 per unit, with each unit comprising one common voting share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.20 for a period of 36 months following issuance [2]. - The offering is expected to close on or before May 9, 2025, subject to customary conditions and regulatory approvals [3]. Group 2: Use of Proceeds - The net proceeds from the LIFE Offering will be allocated for capital expenditures, inventory, and general corporate and working capital purposes [3]. Group 3: Finder's Fees - The company may pay eligible finders a cash fee of up to 8% of the gross proceeds from the LIFE Offering [4]. Group 4: Company Overview - Volatus Aerospace Inc. specializes in innovative global aerial solutions for various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure [6]. - The company aims to enhance operational efficiency, safety, and sustainability through advanced aerial technologies [6].

Group 1 - Volatus Aerospace Inc. is conducting a non-brokered private placement of up to 16,666,667 units at a price of $0.12 per unit, aiming for gross proceeds of up to $2,000,000.04 [1][4] - Each unit consists of one common voting share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.20 for 36 months [2] - The net proceeds from the financing will be allocated for capital expenditures, inventory, and general corporate and working capital purposes [3] Group 2 - The financing is expected to close on or before May 9, 2025, subject to customary conditions and regulatory approvals [4] - The company may pay eligible finders a cash fee of up to 8% of the gross proceeds from the financing [4] - The offering is being conducted under the Listed Issuer Financing Exemption, meaning securities issued to Canadian residents will not be subject to a hold period [6] Group 3 - Volatus Aerospace is recognized for its innovative global aerial solutions, serving 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]