Volatus Aerospace Inc. Completes $34.5 Million Bought Deal Public Offering

Volatus Aerospace Inc. (TSX: FLT; OTCQX: TAKOF; Frankfurt: ABB.F), a leader in innovative global aerial solutions for intelligence and cargo, completed a bought deal public offering of common voting shares, by way of a prospectus supplement to its base shelf prospectus, for aggregate gross proceeds of $34,534,500. A total of 53,130,000 common voting shares were sold at a price of $0.65 per share, including an aggregate of 6,930,000 common voting shares issued on the full exercise of the over-allotment option.

In connection with the bought deal public offering, Desjardins Capital Markets acted as sole bookrunner and Stifel Nicolaus Canada Inc. acted as co-lead underwriter, together with a syndicate that included Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp., ATB Cormark Capital Markets, RBC Capital Markets and Scotia Capital Inc.

With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety and infrastructure.

Wildeboer Dellelce LLP acted for Volatus in connection with the prospectus offering with a team comprised of Rory Cattanach, Al Wiens, Carlye Bellavia and Brett Varrin (corporate/securities).