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Volatus Aerospace Closes $26,391,500 Bought Deal Public Offering and Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Volatus Aerospace Inc.
[{"type":"text","content":"Volatus Aerospace Closes $26,391,500 Bought Deal Public Offering and Non-Brokered Private Placement \n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) --\n \n Volatus Aerospace Inc.\n \n (“\n \n Volatus\n \n ” or the “\n \n Company\n \n ”) (\n \n TSX-V: FLT;\n \n\n OTCQX: TAKOF; Frankfurt: ABB.F\n \n ) is pleased to announce that it has completed its previously announced bought deal public offering (the “\n \n Public Offering\n \n ”) and non-brokered private placement (the “\n \n Private Placement\n \n ”) for aggregate gross proceeds of $26,391,500. Pursuant to the Public Offering, a total of 38,352,500 common voting shares of the Company (the “\n \n Common Shares\n \n ”) were sold at a price of $0.60 per Common Share, including an aggregate of 5,002,500 Common Shares issued as a result of the full exercise of the over-allotment option (the “\n \n Over-Allotment Option\n \n ”). The Public Offering was conducted by a syndicate of underwriters led by Stifel Nicolaus Canada Inc., and including Ventum Financial Corp., Canaccord Genuity, and Haywood Securities Inc. (collectively, the “\n \n Underwriters\n \n ”).\n \n\n In addition, a total of 5,633,333 Common Shares were sold pursuant to the Private Placement, at a price of $0.60 per Common Share, to certain international strategic investors, including Unusual Machines, Inc. (NYSE:UMAC).\n \n\n The Underwriters received a cash commission equal to 6.0% of the gross proceeds of the Public Offering (including the gross proceeds raised pursuant to the full exercise of the Over-Allotment Option) in addition to an advisory fee of $22,374 (inclusive of HST). The Company also paid finder’s fees in the amount of $120,000 to certain persons who assisted the Company with the Private Placement.\n \n\n The Company will use the net proceeds from the Public Offering and the Private Placement for the development of the Company’s Mirabel Manufacturing Hub, research and development of drone technologies to support the defense sector, potential acquisitions related to the defense sector, capital expenditures and for working capital and general corporate purposes, as more particularly describ...