Volatus Aerospace Completes Acquisition of 100% Ownership of Synergy Aviation

About this update from Volatus Aerospace Inc.

[{"type":"text","content":"Volatus Aerospace Completes Acquisition of 100% Ownership of Synergy Aviation\nMONTRÉAL, March 13, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT | OTCQX: TAKOF | FSE: ABB.F) (“Volatus” or the “Company”), a Canadian leader in integrated aviation, uncrewed logistics, and dual-use aerospace and defence technology solutions, today announced that it has completed the acquisition of the remaining 41.53% minority interest in Synergy Aviation Ltd. (“Synergy”), resulting in Volatus holding 100% ownership of Synergy, as previously announced on March 4, 2026. Full ownership also simplifies operational coordination between Volatus’ aviation, training, engineering, and manufacturing activities as the Company continues to scale its aerospace capabilities. As consideration for the transaction, the Company issued an aggregate of 2,444,243 common voting shares of Volatus to the minority shareholders of Synergy. The share consideration was priced based on the 30-day volume weighted average price of the Company’s common voting shares on the TSX Venture Exchange prior to closing. Volatus initially acquired a 51% interest in Synergy in 2022 and subsequently increased its ownership by 7.47% in 2025, bringing its interest to 58.47% prior to the completion of this transaction. With the acquisition of the remaining minority interest, Synergy is now a wholly owned subsidiary of Volatus, enabling the Company to fully consolidate its commercial aircraft operations and further align governance, capital allocation, and operational execution across its integrated aerospace platform spanning crewed aviation, remotely piloted systems, and mission-critical operations. Marc Hanatshek, a minority shareholder of Synergy and party to the transaction, is also a director of Synergy. As a result, Mr. Hanatshek is a “related party” (as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”)) of the Company and the transaction involving the purchase of the shares of Synergy from Mr. Hanatshek is a “related party transaction” (as defined in MI 61-101). Such transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5...

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