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Volatus Aerospace Inc. Announces Closing of Quebec Led Institutional "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 Closing of Quebec Led Institutional “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. 14, 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 that it has completed its previously announced bought deal private placement offering of securities, including the exercise in full of the Underwriter’s (as defined below) over-allotment option, of a total of 9,288,462 units of the Company (the “\n \n Offered Securities\n \n ”) at a price of $0.52 per Offered Security for gross proceeds of $4,830,000 (the “\n \n Offering\n \n ”).\n \n\n The Offering was led by institutional investors in Quebec, with strong participation from additional institutional investors across Canada, underscoring the broad confidence in Volatus’ strategy and growth potential.\n \n The Offering was led by Ventum Financial Corp. as underwriter and sole bookrunner (the “\n \n Underwriter\n \n ”).\n \n\n Each Offered Security consists 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 Warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of $0.76 per share at any time on or before August 14, 2028.\n \n\n The net proceeds raised under the Offering will be used for expansion into the defense business segment of the Company, to increase inventory of drone systems to fulfill increased demand in the United States, Canada, and internationally, and for general working capital and corporate purposes.\n \n\n 8,076,924 units of the Offered Securities were sold to purchasers in reliance on the \"Listed Issuer Financing Exemption\" (“\n \n LIFE\n \n ”) provided for in Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (“\n \n NI 45-106\n \n ”) and Coordinated Blanket Order 45-935 issued by the Canadian Securities Administrators. Offered Securities sold pursuant to LIFE are not subject to any statutory ...