Volatus Aerospace Inc. Announces Non-Brokered Private Placement of Up to $4.66 Million, Bringing Total Financing to Over $24.6 Million & Provides Corporate Update

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• Private Placement Offering of up to $4,662,000 announced to facilitate specific strategic international institutional demand, in addition to over-subscribed $20,010,000 bought deal Public Offering announced November 4, 2025
• Total gross proceeds anticipated to be $24,672,000 prior to exercise of the underwriters’ over-allotment option on the Public Offering

TORONTO, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (“Volatus” or the “Company”) (TSX-V: FLT; OTCQX: TAKOF; Frankfurt: A3DP5Y/ABB.F) is pleased to announce its intentions to complete a non-brokered private placement of up to 7,770,000 common voting shares (the “Offered Shares”) in the capital of the Company at a price of $0.60 per Offered Share (the “Issue Price”) for aggregate gross proceeds to the Company of up to $4,662,000 to satisfy certain strategic international demand (the “Private Placement Offering”). The Private Placement Offering is being conducted concurrently with the Company’s bought deal public offering (the “Public Offering”) of common voting shares for aggregate gross proceeds of $20,010,000 (or $23,011,500 if the over-allotment option is exercised in full by the underwriters), as previously announced by the Company on November 4, 2025, which brings the total gross proceeds of the Public Offering and the Private Placement Offering to $24,672,000 (or $27,673,500 if the over-allotment option is exercised in full by the underwriters).

The Company intends to use the net proceeds from the Public Offering and the Private Placement Offering for the development of the Company’s Mirabel Manufacturing Hub, research and development of drone technologies to support the defense sector, potential acquisitions related to the defense sector, capital expenditures and for working capital and general corporate purposes.

The Offered Shares will be offered to purchasers outside of Canada pursuant to exemptions from the prospectus requirement available under Ontario Securities Commission Rule 72-503 – Distributions Outside Canada.

The Public Offering and the Private Placement Offering are expected to close on or about November 26, 2025 (the “Closing Date”) and are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange (the "TSXV").