Volatus Aerospace Inc. Secures $3 Million in Financing from Existing Major Institutional Investor and Provides Corporate Update

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TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”), a leader in global aerial solutions, is pleased to announce the successful closing of a $3 million private placement (the “Financing”) from Investissement Québec. Pursuant to the Financing, the Company entered into an amended and restated secured convertible debenture (the “Debenture”) increasing the principal amount of Investissement Québec’s original investment of $7.5 million, as announced in the Company’s news release dated October 21, 2024, to an aggregate of $10.5 million.

The Financing will allow Volatus to grow its operations and accelerate the development of its aerial solutions in key sectors ahead of the 2025 season, including oil and gas, energy utilities, public safety, and infrastructure.

Volatus will also gain additional financial flexibility as it seeks to grow its services business globally. Global geopolitical turmoil has put a renewed focus on securing local assets, and Volatus’ platforms and technology can play a key part of this strategy at scale and cost. “We are honored to have additional support from Investissement Québec, which is a great vote of confidence as we continue to grow in our target markets”, said Glen Lynch, CEO of Volatus. This Financing will enable the Company to achieve our near-term profitability goal and reinforce our base from which to go after global projects.”

The Debenture, with a term of five years, will be senior secured and convertible at the holder's option into common voting shares of Volatus (the “Common Shares”) at a conversion price of $0.202 per Common Share (the “Conversion Price”). The Debenture will bear interest at a rate of 12.5% per annum until its maturity date on October 21, 2029 (the “Maturity Date”). The interest portion for the first three-year period will be initially non-cash interest, and capitalized semi-annually, and convertible, at the holder's option at the then market price of the Common Shares as permissible by securities regulations and the rules of the TSX Venture Exchange (the “TSXV”), while the interest portion for the last two years will be payable, semi-annually, in cash until the Maturity Date, unless the Debenture is otherwise converted at the Conversion Price, at any time and at the holder’s option before the Maturity Date.