Volatus Aerospace Acquires Strategic Dual-Use UAS Technology to Support Canada's Sovereign Capability and Allied Defense Requirements Worldwide

Executive Summary

• Volatus Aerospace Inc. announced the acquisition of a suite of advanced RPAS technologies from Caliburn Holdings LLP for CAD 2,000,000, payable in 2,631,579 Volatus common shares.
• The deal adds three scalable UAS platforms (100–265 kg MTOW, 12 h to 7‑day endurance) and associated engineering data, flight‑test validation, and technical staff to Volatus’s new Mirabel Innovation & Manufacturing Centre.
• Closing is expected around November 1, 2025, subject to board and regulatory approvals; half of the issued shares carry a 4‑month hold period and the other half a 24‑month hold period.

Key Details

• Purchase Price: CAD 2,000,000 paid in Volatus common shares.
• Share Issuance: 2,631,579 shares based on a 15‑day VWAP of $0.76 per share.
• 1,315,790 shares with a 4‑month no‑trade hold period.
• 1,315,790 shares with a 24‑month no‑trade hold period.
• Closing Conditions: Subject to board and regulatory approvals; anticipated closing date ≈ Nov 1, 2025.
• Acquired Assets: Complete aircraft designs, validated flight‑test data, detailed engineering documentation for three UAS platforms (MTOW 100–265 kg; payload 15–50 kg; endurance 12 h to 7 days).
• Strategic Rationale: Enhances Canada’s sovereign aerospace and defense manufacturing capacity; supports defense, public security, and critical infrastructure missions; aligns with national defence‑industrial policy and NATO spending targets.
• Integration Plan: Original UK engineering team will relocate to Mirabel to lead production, testing, and certification; assets will be manufactured at the newly launched Volatus Innovation & Drone Manufacturing Facility within YMX International Aerocity of Mirabel.
• Performance‑Based Bonus Agreements: New employees transitioning from Caliburn will receive RSUs tied to seven technical/revenue milestones under the company’s equity incentive plan (board approval required).

Notable Quotes

“This acquisition represents more than just new aircraft, it’s about building sovereign capability,” said Glen Lynch, Chief Executive Officer of Volatus Aerospace.
“Canada has the talent, infrastructure, and strategic imperative to design and manufacture world‑class uncrewed systems right here at home.”

Materiality Assessment: Material – Positive (significant acquisition that expands product portfolio, adds manufacturing capability, and aligns with national defence priorities).