VOLATUS AEROSPACE INC. ANNOUNCES $20 MILLION BOUGHT DEAL PUBLIC OFFERING

Executive Summary

• Volatus Aerospace Inc. entered into a bought‑deal underwriting agreement for the sale of 33,350,000 common shares at $0.60 each, generating gross proceeds of approximately $20.01 million.
• The underwriters have a 15% over‑allotment option and will receive a 6% commission on gross proceeds.
• Net proceeds are earmarked for the Mirabel Manufacturing Hub, R&D of defense‑sector drone technologies, potential acquisitions, capital expenditures, working capital and general corporate purposes.

Key Details

• Offered Shares: 33,350,000 common voting shares.
• Issue Price: $0.60 per share.
• Gross Proceeds: $20,010,000 (≈ $20 million).
• Lead Underwriter / Sole Bookrunner: Stifel Nicolaus Canada Inc.; additional underwriters to be confirmed.
• Over‑Allotment Option: Up to 15% of the offered shares (≈ 5,002,500 shares) exercisable within 30 days after closing at the same $0.60 price.
• Underwriter Commission: 6% of gross proceeds.
• Closing Date: Expected on or about November 26, 2025, subject to customary conditions and TSXV conditional approval.
• Use of Proceeds:
• Development of Mirabel Manufacturing Hub.
• Research & development of drone technologies for the defense sector.
• Potential acquisitions in the defense space.
• Capital expenditures.
• Working capital and general corporate purposes.
• Offering Mechanics: Short‑form prospectus in all Canadian provinces except Quebec; U.S. private placement under an exemption from registration; other jurisdictions as applicable without filing requirements.

Notable Quotes

(No executive quotes were included in the release.)