Volatus Announces $4,000,000 Non-Brokered LIFE Financing

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Use of proceeds includes expansion into global markets and expansion of drone system inventory in response to changing regulatory and geopolitical environment, and investment into Arctic and remote operations infrastructure.

Policy signals from Canadian Federal Government (June 9, 2025, announcement on defense spending, NATO targets and domestic drone capabilities) and Canada's Financial Commitment to Ukraine (June 17, 2025, $4.3 billion commitment, including logistics and defense-adjacent technologies) present various growth opportunities for the Company.

TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) ("Volatus" or the "Company") is pleased to announce that it has filed an offering document in connection with a non-brokered private placement of up to 20,000,000 units of the Company (the "Units") at a price of $0.20 per Unit (the "Issue Price") for gross proceeds of up to $4,000,000.00 (the "LIFE Financing").

Each Unit will be 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 will entitle the holder thereof to purchase one Common Share (each, a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 36 months following the date of issuance.

The Company intends to use the net proceeds of the LIFE Financing for expansion into global markets, investment into Artic and remote operations infrastructure, inventory, and general corporate and working capital purposes.

The LIFE Financing is expected to close on or around June 26, 2025 or such other dates as the Company may decide (the "Closing Date"). The LIFE Financing is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange ("TSXV"), ...