Volatus Aerospace Inc. Announces Non-Brokered Private Placement of Up to $4.66 Million, Bringing Total Financing to Over $24.6 Million & Provides Corporate Update

Executive Summary

• Volatus Aerospace announced a concurrent private placement ($4.66 M) and bought‑deal public offering ($20.01 M) targeting total gross proceeds of up to $24.67 M (potentially $27.67 M with over‑allotment).
• The company completed the acquisition of advanced RPAS technologies from Caliburn Holdings LLP, paying the purchase price with 2,631,579 common voting shares subject to hold periods.
• Proceeds will fund the Mirabel Manufacturing Hub, R&D of defense‑sector drones, potential further acquisitions, capital expenditures, and general corporate purposes.

Key Details

• Private Placement: Up to 7,770,000 common voting shares at $0.60 per share → gross proceeds up to $4,662,000.
• Public Offering (bought‑deal): Gross proceeds of $20,010,000, or $23,011,500 if the underwriters’ full over‑allotment option is exercised.
• Combined Proceeds: Expected $24,672,000; up to $27,673,500 with full over‑allotment.
• Closing Date: Anticipated on or about November 26, 2025, subject to regulatory approvals (including TSX Venture Exchange conditional approval).
• Use of Proceeds: Development of Mirabel Manufacturing Hub; R&D of drone technologies for defense; potential acquisitions in the defense sector; capital expenditures; working capital and general corporate purposes.
• Acquisition Details: Completed acquisition of RPAS technology suite from Caliburn Holdings LLP (UK). Purchase price paid with 2,631,579 common voting shares based on a 15‑day VWAP of $0.76 per share.
• Share Hold Periods: 1,315,790 shares subject to a hold period of 4 months + 1 day; the remaining 1,315,790 shares subject to a hold period of 24 months from issuance.
• Strategic Rationale: Enhances Canada’s sovereign aerospace and defense manufacturing capacity; provides complete aircraft designs, flight‑test data, engineering documentation, and assets for next‑generation long‑endurance fixed‑wing UAVs.

Notable Quotes

(No direct quotes were provided in the release.)