Volatus Aerospace Inc. Announces Shares-for-Debt Transaction

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TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) (“Volatus” or the “Company”), a leader in global aerial solutions, is pleased to announce a proposed shares-for-debt settlement aimed at enhancing shareholder value and strengthening the Company’s balance sheet. The Company has reached an agreement, subject to receipt of TSX Venture Exchange (“TSXV”) approval, with holders of unsecured non-convertible debentures of Volatus Aerospace Corp., a wholly-owned subsidiary of the Company (the “Debentures”), to settle the outstanding principal and accrued and unpaid interest owing under the Debentures as at the maturity date, being May 23, 2025, in the aggregate amount of $446,400 in consideration for the issuance of an aggregate of 3,720,000 units of the Company (the “Settlement Units”) at a deemed price of $0.12 per Settlement Unit (the “Shares-for-Debt Transaction”). Each Settlement Unit will be comprised of one common voting share of the Company (a “Settlement Share”) and one common voting share purchase warrant of the Company (a “Settlement Warrant”), with each Settlement Warrant exercisable to purchase one additional common voting share of the Company at an exercise price of $0.20 per share for a period of 36 months from the date of issuance.

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