Volatus Aerospace Secures Major Funding and Strategic Acquisition

In a significant strategic move, Volatus Aerospace has announced two simultaneous developments that promise to strengthen its position in the competitive defense and security sector. The Canadian drone technology company revealed on November 10th that it has secured substantial new capital while also completing a strategic technology acquisition.

The company is advancing on dual financing fronts that together are expected to generate approximately $24.67 million in gross proceeds. This financial package consists of two components: a private placement targeting up to $4.66 million and a concurrent public offering valued at $20.01 million.

Subject to receiving final approvals from the TSX Venture Exchange, both financing transactions are scheduled to close on November 26th. Management has Read more...