Volatus Announces Closing of Fully Subscribed LIFE Offering of $10,000,000

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Last update: Jul 17, 2025

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TORONTO, July 17, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that it has closed its previously announced fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFE Offering"). The Company issued 19,230,770 units of the Company ("Units") at a price of $0.52 per Unit for gross proceeds of approximately $10,000,000. Each Unit is comprised of one common voting share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share (each, a “Warrant Share”) at an exercise price of $0.76 per Warrant Share for a period of 36 months following the date of issuance.