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Financings

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

By The Northwire Desk — AI Analysis Nov 04, 2025 · 07:13 FLT · 0.68 Volatus Aerospace Inc.
FLT · Price

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.)

Read the original news release →

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