Canadian Drone Firm Volatus Aerospace Secures Major Funding for Defense Push

Volatus Aerospace has announced a significant capital raise to fuel its strategic pivot toward defense technology and domestic drone manufacturing. The Canadian unmanned aerial systems company has successfully arranged CAD $20 million in financing to advance these core initiatives, marking a substantial step in its corporate evolution.

The capital infusion was secured through a public offering of 33.35 million voting common shares, priced at CAD $0.60 per share. Leading the banking consortium for this transaction was Stifel Nicolaus Canada Inc., with gross proceeds totaling CAD $20.01 million.

Company leadership has outlined four primary applications for the newly acquired capital:

• Establishment of the Mirabel Manufacturing Hub
• Advancement of defense-focused drone technology research and Read more...