Business
Volatus Aerospace Inc. Announces "Bought Deal" 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 Inc. Announces “Bought Deal” Private Placement\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) --\n \n Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB)\n \n (“\n \n Volatus\n \n ” or the “\n \n Company\n \n ”) is pleased to announce it has entered into an agreement with Ventum Financial Corp. (the \"\n \n Underwriter\n \n \") in connection with a bought deal private placement of 8,076,924 units of the Company (the “\n \n Offered Securities\n \n ”) at a price of $0.52 per Offered Security (the “\n \n Issue Price\n \n ”) for gross proceeds of $4,200,000 (the “\n \n Offering\n \n ”).\n \n\n Each Offered Security will consist of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole warrant, a “\n \n Warrant\n \n ”), with each whole Warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of $0.76 and for a period of 36 months following the Closing Date (as defined below).\n \n\n The Offered Securities will be offered for sale to purchasers in all the provinces of Canada in reliance on the \"Listed Issuer Financing Exemption\" provided for in Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n and Coordinated Blanket Order 45-935 issued by the Canadian Securities Administrators, and will not be subject to any statutory hold periods under applicable Canadian securities laws, up to the maximum allowable amount under the exemption. There is an offering document related to this Offering that can be accessed under the Company’s profile at www.sedarplus.ca and the Company's website at https://volatusaerospace.com. Prospective investors should read this offering document before making an investment decision.\n \n\n In addition, the Company has granted the Underwriter an option (the “Underwriter Option”) to purchase up to an additional 15% of the Offered Securities sold under the Offering at the Issue Price. The Underwriter Option may be exercised in whole or in part at any time up to 48 hours prior to the Closing Date.  Any Offered Securities offered purs...