Largest quarterly revenue and gross profit figures in Company historyYear-to-date Revenue of $26,905,671, up 32% year-over-yearQuarterly Revenue of $10,605,438, up 60% year-over-year; blended gross margin of 33%Adjusted EBITDA loss of $660,661, a 52% year-over-year improvementCurrent cash balance strengthened to approximately $40 million after quarter-end financingOperational milestones included: new defense deployments, advancement of the Condor XL towards commercialization, and progress on Canadian manufa ...

Core Points - Volatus Aerospace Inc. is conducting a non-brokered private placement of up to 7,770,000 common voting shares at a price of $0.60 per share, aiming for gross proceeds of up to $4,662,000 [2][10] - The company is also executing a bought deal public offering of common voting shares for gross proceeds of $20,010,000, potentially increasing to $23,011,500 if the over-allotment option is fully exercised, bringing total gross proceeds to $24,672,000 [2][10] - The net proceeds from both offerings will be utilized for the development of the Mirabel Manufacturing Hub, R&D in drone technologies for the defense sector, potential acquisitions, capital expenditures, and general corporate purposes [3] Acquisition Update - The company has completed the acquisition of advanced RPAS technologies from Caliburn Holdings LLP, enhancing Canada's aerospace and defense manufacturing capabilities [7] - This acquisition includes complete aircraft designs, validated flight-test data, and engineering documentation for new long-endurance, fixed-wing uncrewed aircraft systems [8] - The purchase price for the acquisition was settled in common voting shares, totaling 2,631,579 shares at a price of $0.76 per share, with specific hold periods for portions of the shares [9] Strategic Positioning - Volatus believes it is well-positioned to support the Canadian government's defense goals as outlined in the recently released budget titled "Canada Strong" [11] - The infrastructure investments made by the company are aligned with advancing the government's defense priorities [11] Offering Details - The private placement shares will be offered to purchasers outside of Canada under exemptions from the prospectus requirement [4] - The expected closing date for both the public and private offerings is around November 26, 2025, pending necessary approvals [5]

Core Insights - Volatus Aerospace Inc. has acquired advanced RPAS technologies from Caliburn Holdings LLP, enhancing Canada's aerospace and defense manufacturing capabilities [1][4][11] - The acquisition is valued at CA$2 million, to be paid in Volatus common shares, with specific trading restrictions on the shares issued [2][3] - The deal includes performance-based bonuses for new employees transitioning from Caliburn to Volatus, linked to technical and revenue milestones [3] Strategic Rationale - The acquisition provides complete aircraft designs, validated flight-test data, and engineering documentation for new long-endurance, fixed-wing uncrewed aircraft systems [4][10] - The aircraft platforms range from 100kg to 265kg in maximum takeoff weight and can carry payloads from 15kg to 50kg, with flight endurance from 12 hours to 7 days [5][6] - These UAS platforms are designed for various applications, including border security, surveillance, and critical infrastructure inspections [6][10] Manufacturing and Integration - All platforms will be manufactured and integrated at the newly launched Volatus Innovation and Drone Manufacturing Facility in Mirabel [7][12] - The facility aims to support domestic programs and allied export opportunities, reinforcing Canada's aerospace ecosystem [7][11] National Alignment - The acquisition aligns with Canada's defense-industrial policy objectives, supporting increased defense spending and domestic manufacturing capacity [11][12] - Volatus is positioning its facility as a cornerstone of Canada's aerospace and defense ecosystem, contributing to the nation's NATO defense spending targets [11][12] Future Outlook - The transaction is expected to close on or about November 1, 2025, marking a significant step in Volatus's growth strategy [13]

Core Insights - Volatus Aerospace Inc. has acquired advanced RPAS technologies from Caliburn Holdings LLP, enhancing Canada's aerospace and defense manufacturing capabilities [1][4][9] Financial Details - The acquisition price is CA$2 million, to be paid in the form of 2,631,579 common shares at a price of CA$0.76 per share, with different no-trade hold periods for the shares [2] Strategic Rationale - The acquisition includes complete aircraft designs, validated flight-test data, and engineering documentation for new long-endurance, fixed-wing uncrewed aircraft systems [4][5] - The aircraft platforms can carry payloads from 15kg to 50kg and have flight endurance ranging from 12 hours to 7 days [5][6] Operational Impact - The new UAS platforms will support various missions including border security, surveillance, and critical infrastructure inspections [6][9] - All platforms will be manufactured at the newly launched Volatus Innovation and Drone Manufacturing Facility in Mirabel, which is part of a national aerospace excellence center [7][11] Alignment with National Priorities - The acquisition supports Canada's defense-industrial policy by increasing domestic manufacturing capacity and aligning with the country's defense spending goals [9][10] - Volatus aims to position its facility as a cornerstone of Canada's aerospace and defense ecosystem [10] Future Outlook - The transaction is expected to close on or about November 1, 2025 [12]