Volatus Aerospace to Achieve Full Ownership of Synergy Aviation and Consolidate Commercial Aircraft Operations

Executive Summary

• Volatus Aerospace entered definitive agreements to acquire the remaining 41.53% minority stake in Synergy Aviation, bringing its ownership to 100%.
• The consideration will be satisfied by issuing up to ~2.59 million Volatus common shares based on the 30‑day VWAP prior to closing, with closing expected around March 15, 2026.
• Full consolidation will allow Volatus to integrate Synergy’s commercial aircraft operations under a single brand, improving governance, financial reporting and capital allocation across its aerospace platform.

Key Details

• Transaction Structure: Issuance of common shares (up to ~2.59 million) calculated on the 30‑day volume‑weighted average price preceding closing.
• Ownership History: In 2025 Volatus increased its stake from 51.06% to 58.47% by issuing ≈2.13 million shares; remaining 41.53% will be acquired now.
• Closing Timeline: Expected on or about March 15, 2026, subject to Board and TSX‑V approval.
• Arm’s Length: Transaction confirmed as arm’s length with no finder’s fees payable.
• Strategic Rationale: Full consolidation eliminates minority interests, aligns governance and financial reporting, and strengthens coordination of crewed aircraft, RPAS, training, engineering, and manufacturing activities.
• Operational Impact: Enables Volatus to fully brand its commercial aircraft operations, supporting upcoming Tulsa, Oklahoma base slated to commence later this month for U.S. oil‑and‑gas sector services.
• Future Initiatives: Continues centralized engineering and domestic manufacturing programs in Canada as part of broader aerospace strategy.

Notable Quotes

“Completing this step allows us to operate with greater alignment across our aerospace platform. Bringing our aircraft operations fully under Volatus strengthens how we integrate crewed and uncrewed capabilities and positions us to execute with greater consistency as we continue growing in North America and internationally.” – Glen Lynch, Chief Executive Officer, Volatus Aerospace

Materiality Assessment: Material – Positive (strategic acquisition that materially changes ownership structure and operational integration).