Volatus Aerospace Announces $5 Million Brokered Private Placement

Volatus Aerospace Inc. has revealed a brokered private placement agreement to raise up to $5 million. Partnering with Ventum Financial Corp and Cormark Securities Inc., the offering involves the sale of up to 35,714,286 units at $0.14 per unit. Each unit includes one common share and one share purchase warrant, exercisable at $0.20. The offering could expand to include an additional 5,357,143 units, increasing the potential proceeds to $5.75 million. The proceeds will support research and development, capital expenditures, and general corporate purposes.

The closing date is anticipated to be around November 6, 2024, contingent on regulatory approvals. The units will be available to Canadian residents under specific exemptions and may also be offered internationally. The offering document can be accessed on the Company's profile at www.sedarplus.ca or the company website. The agents will receive a cash commission and warrants upon closing. Notably, this offering is not registered under U.S. securities laws and is unavailable in the United States.