Volatus Aerospace Closes $26,391,500 Bought Deal Public Offering and Non-Brokered Private Placement

Executive Summary

• Volatus Aerospace Inc. completed a bought‑deal public offering and a non‑brokered private placement, raising aggregate gross proceeds of $26,391,500.
• The public offering sold 38,352,500 common shares at $0.60 each (including full exercise of the over‑allotment option), while the private placement sold 5,633,333 shares at the same price to strategic investors.
• Net proceeds are earmarked for development of the Mirabel Manufacturing Hub, R&D of defense‑sector drone technologies, potential acquisitions, capital expenditures, working capital and general corporate purposes.

Key Details

• Public Offering
• Shares sold: 38,352,500 common voting shares
• Price per share: $0.60
• Over‑allotment option exercised for an additional 5,002,500 shares (included in total)

• Gross proceeds: $23,011,500 (38,352,500 × $0.60)

• Private Placement

• Shares sold: 5,633,333 common voting shares
• Price per share: $0.60
• Gross proceeds: $3,380,000 (5,633,333 × $0.60)

• Investors include international strategic investor Unusual Machines, Inc. (NYSE:UMAC)

• Underwriters & Fees

• Lead underwriter: Stifel Nicolaus Canada Inc., with participation from Ventum Financial Corp., Canaccord Genuity, and Haywood Securities Inc.
• Underwriters’ cash commission: 6.0% of public offering gross proceeds (including over‑allotment)
• Advisory fee to underwriters: $22,374 (inclusive of HST)

• Finder’s fees paid by the Company: $120,000

• Use of Proceeds

• Development of the Mirabel Manufacturing Hub
• Research & development of drone technologies for the defense sector
• Potential acquisitions related to the defense sector
• Capital expenditures and working capital

• General corporate purposes (as detailed in short‑form prospectus dated November 21, 2025)

• Regulatory Notices

• Offering not registered under U.S. securities laws; sales prohibited to U.S. persons unless an exemption applies.
• Standard forward‑looking statements and cautionary language included.