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VOLATUS AEROSPACE INC. ANNOUNCES $20 MILLION BOUGHT DEAL PUBLIC OFFERING
VOLATUS AEROSPACE INC. ANNOUNCES $20 MILLION BOUGHT DEAL PUBLIC OFFERING Canada NewsWire ...
About this update from Volatus Aerospace Inc.
[{"type":"text","content":"\n\n\nVOLATUS AEROSPACE INC. ANNOUNCES $20 MILLION BOUGHT DEAL PUBLIC OFFERING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Nov. 4, 2025 /CNW/ - Volatus Aerospace Inc. (\"Volatus\" or the \"Company\") (TSXV: FLT) (OTCQB: TAKOF) (Frankfurt: A3DP5Y) (Frankfurt: ABB.F) is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. (the \"Lead Underwriter\") to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters to be confirmed (together with the Lead Underwriter, the \"Underwriters\") pursuant to which the Underwriters have agreed to purchase from treasury, on a bought deal basis, 33,350,000 common voting shares (the \"Offered Shares\") in the capital of the Company at a price of $0.60 per Offered Share (the \"Issue Price\") for aggregate gross proceeds to the Company of $20,010,000 (the \"Offering\").\nThe Company has granted the Underwriters an option (the \"Over-Allotment Option\"), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as defined below), to purchase up to an additional number of Offered Shares (the \"Additional Shares\") equal to 15% of the number of Offered Shares sold pursuant to the Offering at a price per Additional Share equal to the Issue Price to cover overallotments, if any, and for market stabilization purposes.\nThe Company intends to use the net proceeds for 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.\nThe Offered Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Quebec. The Offered Shares will also be offered in the United States on a private placement basis pursuant to a...