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Volatus Aerospace Closes $26,391,500 Bought Deal Public Offering and Non-Brokered Private Placement
Globenewswire· 2025-11-26 13:46
Core Points - Volatus Aerospace Inc. has completed a bought deal public offering and a non-brokered private placement, raising a total of $26,391,500 [1][2] - The public offering involved the sale of 38,352,500 common shares at a price of $0.60 per share, including 5,002,500 shares from the full exercise of the over-allotment option [1] - The private placement included the sale of 5,633,333 common shares at the same price to international strategic investors [2] Financial Details - The underwriters received a cash commission of 6.0% on the gross proceeds from the public offering, along with an advisory fee of $22,374 [3] - The company paid finder's fees totaling $120,000 related to the private placement [3] Use of Proceeds - The net proceeds from both the public offering and private placement will be allocated 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 [4]
Volatus Aerospace Announces Filing of Final Short Form Prospectus in Connection With Bought Deal Public Offering
Globenewswire· 2025-11-21 23:00
Core Points - Volatus Aerospace Inc. has filed a final short form prospectus for a bought deal public offering, qualifying the distribution of 33,350,000 common voting shares at a price of $0.60 per share, aiming for gross proceeds of $20,010,000 [2][3] - The offering includes an over-allotment option for an additional 5,002,500 common voting shares [2] - The expected closing date for the offering is on or about November 26, 2025, pending necessary approvals [3] Company Overview - Volatus Aerospace Inc. specializes in providing innovative aerial solutions for intelligence, surveillance, and cargo, utilizing both piloted and remotely piloted aircraft [6] - The company offers a complete ecosystem of aerial services, including operations, equipment sales, training, and mission support, aimed at helping industries integrate aerial capabilities safely and efficiently [6]
Volatus Aerospace Inc. to Present at the 2025 Cantech Letter Investment Conference in Toronto
Globenewswire· 2025-10-02 12:00
Core Insights - Volatus Aerospace Inc. will participate in the Cantech Letter Investment Conference on October 9, 2025, in Toronto, showcasing its achievements and growth initiatives [1][2] - The company was recognized as the "Top Growth Story" at the Peterson Capital Canada Growth Conference in Dublin, enhancing its visibility among international investors [3] - Volatus has increased its stake in Synergy Aviation Ltd. to 58.47% by acquiring an additional 7.47% of outstanding shares for C$297,977, paid through the issuance of new common shares [4][5] Company Overview - Volatus Aerospace specializes in aerial intelligence and unmanned aircraft systems, providing a complete ecosystem of aerial services including operations, equipment sales, training, and mission support [7] - The company has over a century of combined aviation expertise, focusing on innovative solutions for intelligence, surveillance, and cargo [7] Event Details - The Cantech Letter Conference is recognized as Canada's leading technology investment event, offering technology companies a platform to showcase innovations and engage with potential investors [6]