Volatus Announces Non-Brokered LIFE Financing of up to $10,000,000

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Use of proceeds includes expansion into the defense business segment of the Company, increase inventory of drone systems to fulfill increased demand in the United States, Canada, and internationally, and for general working capital purposes.

TORONTO, July 09, 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 19,230,770 units of the Company (the "Units") at a price of $0.52 per Unit (the "Issue Price") for gross proceeds of up to approximately $10,000,000 (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 $0.76 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 the defense business segment of the Company, increase inventory of drone systems to fulfill increased demand in the United States, Canada, and internationally, and for general working capital and corporate purposes.

The LIFE Financing is expected to close on or around July 16, 2025 or such other date or 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"), regulatory and other approvals. The LIFE Financing may be closed in multiple tranches.

The Company may choose to pay eligible finders ...