{"success":true,"data":{"pressRelease":{"id":"47147","rtpr_id":"nGNX7nvHHv","ticker":"FLT","exchange":"TSX","all_tickers":["FLT"],"title":"Volatus Aerospace Inc. Announces $30 Million Bought Deal Public Offering of Common Shares","author":"Globe Newswire","published_at":"2026-05-27T21:00:14.110Z","article_body":"Not for distribution to United States newswire services or dissemination in\nthe United States\n\nTHE SHELF PROSPECTUS SUPPLEMENT, THE CORRESPONDING BASE SHELF PROSPECTUS AND\nANY AMENDMENT TO THE DOCUMENTS ARE ACCESSIBLE THROUGH SEDAR+ OR WILL BE\nACCESSIBLE THROUGH SEDAR+ WITHIN 2 BUSINESS DAYS, AS APPLICABLE.\n\nTORONTO, May 27, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (\"Volatus\" or\nthe \"Company\") (TSX:FLT) is pleased to announce that it has entered into an\nagreement with a syndicate of underwriters bookran by Desjardins Capital\nMarkets (the “Underwriters”), pursuant to which the Underwriters have\nagreed to purchase from treasury, on a bought deal basis, 46,200,000 common\nvoting shares (the \"Offered Shares\") in the capital of the Company at a price\nof $0.65 per Offered Share (the \"Issue Price\") for aggregate gross proceeds to\nthe Company of $30,030,000 (the \"Offering\").\n\nThe Company has granted the Underwriters an option (the \"Over-Allotment\nOption\"), exercisable in whole or in part at any time and from time to time\nfor up to 30 days following the Closing Date (as defined below), to purchase\nup to an additional number of Offered Shares (the \"Additional Shares\") equal\nto 15% of the number of Offered Shares sold pursuant to the Offering at a\nprice per Additional Share equal to the Issue Price to cover over-allocations,\nif any, and for market stabilization purposes.\n\nVolatus expects the net proceeds of the Offering will be used to advance the\nCompany’s long-term strategy, including: (1) investing in expanded\nfacilities and manufacturing capacity to fulfill increased demand\ninternationally; (2) product development of further enhanced capabilities for\nremotely piloted aircraft systems for the defence industry; (3) enhancing the\nability to consider larger acquisitions of complementary technologies and\nbusinesses; (4) increasing the Company’s attractiveness as a stable and\nreliable long-term supplier and strengthening the Company’s balance sheet to\ndemonstrate additional working capital when bidding for larger governmental\nand commercial contracts; and (5) for general corporate purposes.\n\nThe Offering is expected to close on or about June 5, 2026 (the \"Closing\nDate\") and is subject to certain conditions including, but not limited to, the\nreceipt of all necessary approvals, including the conditional approval of the\nToronto Stock Exchange (the \"TSX\").\n\nThe Offered Shares will be offered by way of a prospectus supplement (the\n“Prospectus Supplement”) to the short form base shelf prospectus (the\n“Shelf Prospectus”) of the Company dated February 20, 2026 in all\nprovinces and territories of Canada, except Quebec, and may also be offered by\nway of private placement in the United States pursuant to the exemption from\nregistration provided by Rule 144A under the 1933 Act (as defined herein) and\ninternationally as permitted.\n\nAccess to the Shelf Prospectus, the Prospectus Supplement, and any amendments\nto the documents are provided in accordance with securities legislation\nrelating to procedures for providing access to a base shelf prospectus, a\nprospectus supplement and any amendment to the documents. The Shelf Prospectus\nis, and the Prospectus Supplement will be (within two business days from the\ndate hereof), accessible on SEDAR+ at www.sedarplus.ca. Electronic or paper\ncopies of the Shelf Prospectus, the Prospectus Supplement (when filed), and\nany amendment to the documents may be obtained, without charge, from\nDesjardins Capital Markets at 25 York St., 10th Floor, Toronto, ON M5J 2V5,\nAttention: Equity Capital Markets or by email at ecm@desjardins.com. The Shelf\nProspectus and Prospectus Supplement will contain important detailed\ninformation about the Company and the Offering. Prospective investors should\nread the Shelf Prospectus and Prospectus Supplement (when filed) and the other\ndocuments the Company has filed on SEDAR+ before making an investment\ndecision.\n\nNo securities regulatory authority has either approved or disapproved the\ncontents of this press release. Neither the TSX nor its Regulation Services\nProvider (as that term is defined in policies of the TSX) accept\nresponsibility for the adequacy or accuracy of this release. This press\nrelease shall not constitute an offer to sell or the solicitation of an offer\nto buy securities in the United States, nor shall there be any sale of the\nsecurities in any jurisdiction in which such offer, solicitation or sale would\nbe unlawful. The securities being offered have not been, nor will they be,\nregistered under the United States Securities Act of 1933, as amended (the\n“1933 Act”) or under any U.S. state securities laws, and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the 1933 Act, and applicable\nU.S. state securities laws.\n\nAbout Volatus Aerospace Inc.\n\nVolatus Aerospace is a global provider of integrated dual-use aerial solutions\nfor commercial and defence applications, leveraging both piloted and remotely\npiloted aircraft systems (RPAS). The Company serves industries including oil\nand gas, utilities, healthcare, and public safety. Volatus’ mission is to\nenhance operational efficiency, safety, and resilience through real-world,\nscalable aerial technologies.\n\nCautionary Statement Regarding Forward-Looking Information\n\nThis news release contains statements that constitute \"forward-looking\ninformation\" and \"forward-looking statements\" within the meaning of applicable\nsecurities laws, including statements regarding the plans, intentions,\nbeliefs, and current expectations of the Company with respect to future\nbusiness activities, events, developments, and operating performance. Often,\nbut not always, forward-looking information and forward-looking statements can\nbe identified by the use of words such as \"plans\", \"expects\", \"is expected\",\n\"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\",\n“seeks”, “strategy” or \"believes\" or variations (including negative\nvariations) of such words and phrases, or statements formed in the future\ntense or indicating that certain actions, events or results \"may\", \"could\",\n\"would\", \"might\" or \"will\" (or other variations of the foregoing) be taken,\noccur, be achieved, or come to pass. Forward-looking information includes\ninformation regarding: (i) the Offering, including its terms, conditions,\nanticipated timing, use of proceeds and ability to receive all necessary\napprovals, including the approval of the TSX, (ii) the business plans,\nbusiness outlook, and expectations of the Company; and (iii) expectations for\nother economic, business, and/or competitive factors. Forward-looking\ninformation is based on currently available competitive, financial, and\neconomic data and operating plans, strategies, or beliefs as of the date of\nthis news release, but involve known and unknown risks, uncertainties,\nassumptions and other factors that may cause the actual results, performance\nor achievements of the Company to be materially different from any future\nresults, performance or achievements expressed or implied by the\nforward-looking information. Such factors may be based on information\ncurrently available to the Company, including information obtained from\nthird-party industry analysts and other third-party sources, and are based on\nmanagement's current expectations or beliefs. Any and all forward-looking\ninformation contained in this news release is expressly qualified by this\ncautionary statement. Investors are cautioned that forward-looking information\nis not based on historical facts but instead reflects expectations, estimates\nor projections concerning future results or events based on the opinions,\nassumptions and estimates of management considered reasonable at the date the\nstatements are made. Forward-looking information and forward-looking\nstatements reflect the Company's current beliefs and is based on information\ncurrently available to it and on assumptions it believes to be not\nunreasonable in light of all of the circumstances. In some instances, material\nfactors or assumptions are discussed in this news release in connection with\nstatements containing forward-looking information. Such material factors and\nassumptions include but are not limited to, those factors set forth in the\nCompany's annual and quarterly management’s discussion and analysis filed on\nwww.sedarplus.ca. Although the Company has attempted to identify important\nfactors that could cause actual actions, events, or results to differ\nmaterially from those described in forward-looking information, there may be\nother factors that cause actions, events or results to differ from those\nanticipated, estimated or intended. The forward-looking information contained\nherein is made as of the date of this news release and, other than as required\nby law, the Company disclaims any obligation to update any forward-looking\ninformation, whether as a result of new information, future events, or results\nor otherwise. There can be no assurance that forward-looking information will\nprove to be accurate, as actual results and future events could differ\nmaterially from those anticipated in such statements. Accordingly, readers\nshould not place undue reliance on forward-looking information.\n\nFor additional Information, please contact:\nRob Walker, Chief Commercial Officer\n+1-833-865-2887\ninvestorrelations@volatusaerospace.com\n\nCOMPANY WEBSITE\nhttps://volatusaerospace.com\nSOURCE: Volatus Aerospace Inc.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1ad9f21d-5409-42da-8fd9-f6d15b5494ec)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7nvHHv","title":"Volatus Aerospace Inc. Announces $30 Million Bought Deal Public Offering of Common Shares","author":"Globe Newswire","ticker":"FLT","created":"2026-05-27T21:00:14.110Z","tickers":["FLT"],"exchange":"TSX","article_body":"Not for distribution to United States newswire services or dissemination in\nthe United States\n\nTHE SHELF PROSPECTUS SUPPLEMENT, THE CORRESPONDING BASE SHELF PROSPECTUS AND\nANY AMENDMENT TO THE DOCUMENTS ARE ACCESSIBLE THROUGH SEDAR+ OR WILL BE\nACCESSIBLE THROUGH SEDAR+ WITHIN 2 BUSINESS DAYS, AS APPLICABLE.\n\nTORONTO, May 27, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (\"Volatus\" or\nthe \"Company\") (TSX:FLT) is pleased to announce that it has entered into an\nagreement with a syndicate of underwriters bookran by Desjardins Capital\nMarkets (the “Underwriters”), pursuant to which the Underwriters have\nagreed to purchase from treasury, on a bought deal basis, 46,200,000 common\nvoting shares (the \"Offered Shares\") in the capital of the Company at a price\nof $0.65 per Offered Share (the \"Issue Price\") for aggregate gross proceeds to\nthe Company of $30,030,000 (the \"Offering\").\n\nThe Company has granted the Underwriters an option (the \"Over-Allotment\nOption\"), exercisable in whole or in part at any time and from time to time\nfor up to 30 days following the Closing Date (as defined below), to purchase\nup to an additional number of Offered Shares (the \"Additional Shares\") equal\nto 15% of the number of Offered Shares sold pursuant to the Offering at a\nprice per Additional Share equal to the Issue Price to cover over-allocations,\nif any, and for market stabilization purposes.\n\nVolatus expects the net proceeds of the Offering will be used to advance the\nCompany’s long-term strategy, including: (1) investing in expanded\nfacilities and manufacturing capacity to fulfill increased demand\ninternationally; (2) product development of further enhanced capabilities for\nremotely piloted aircraft systems for the defence industry; (3) enhancing the\nability to consider larger acquisitions of complementary technologies and\nbusinesses; (4) increasing the Company’s attractiveness as a stable and\nreliable long-term supplier and strengthening the Company’s balance sheet to\ndemonstrate additional working capital when bidding for larger governmental\nand commercial contracts; and (5) for general corporate purposes.\n\nThe Offering is expected to close on or about June 5, 2026 (the \"Closing\nDate\") and is subject to certain conditions including, but not limited to, the\nreceipt of all necessary approvals, including the conditional approval of the\nToronto Stock Exchange (the \"TSX\").\n\nThe Offered Shares will be offered by way of a prospectus supplement (the\n“Prospectus Supplement”) to the short form base shelf prospectus (the\n“Shelf Prospectus”) of the Company dated February 20, 2026 in all\nprovinces and territories of Canada, except Quebec, and may also be offered by\nway of private placement in the United States pursuant to the exemption from\nregistration provided by Rule 144A under the 1933 Act (as defined herein) and\ninternationally as permitted.\n\nAccess to the Shelf Prospectus, the Prospectus Supplement, and any amendments\nto the documents are provided in accordance with securities legislation\nrelating to procedures for providing access to a base shelf prospectus, a\nprospectus supplement and any amendment to the documents. The Shelf Prospectus\nis, and the Prospectus Supplement will be (within two business days from the\ndate hereof), accessible on SEDAR+ at www.sedarplus.ca. Electronic or paper\ncopies of the Shelf Prospectus, the Prospectus Supplement (when filed), and\nany amendment to the documents may be obtained, without charge, from\nDesjardins Capital Markets at 25 York St., 10th Floor, Toronto, ON M5J 2V5,\nAttention: Equity Capital Markets or by email at ecm@desjardins.com. The Shelf\nProspectus and Prospectus Supplement will contain important detailed\ninformation about the Company and the Offering. Prospective investors should\nread the Shelf Prospectus and Prospectus Supplement (when filed) and the other\ndocuments the Company has filed on SEDAR+ before making an investment\ndecision.\n\nNo securities regulatory authority has either approved or disapproved the\ncontents of this press release. Neither the TSX nor its Regulation Services\nProvider (as that term is defined in policies of the TSX) accept\nresponsibility for the adequacy or accuracy of this release. This press\nrelease shall not constitute an offer to sell or the solicitation of an offer\nto buy securities in the United States, nor shall there be any sale of the\nsecurities in any jurisdiction in which such offer, solicitation or sale would\nbe unlawful. The securities being offered have not been, nor will they be,\nregistered under the United States Securities Act of 1933, as amended (the\n“1933 Act”) or under any U.S. state securities laws, and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the 1933 Act, and applicable\nU.S. state securities laws.\n\nAbout Volatus Aerospace Inc.\n\nVolatus Aerospace is a global provider of integrated dual-use aerial solutions\nfor commercial and defence applications, leveraging both piloted and remotely\npiloted aircraft systems (RPAS). The Company serves industries including oil\nand gas, utilities, healthcare, and public safety. Volatus’ mission is to\nenhance operational efficiency, safety, and resilience through real-world,\nscalable aerial technologies.\n\nCautionary Statement Regarding Forward-Looking Information\n\nThis news release contains statements that constitute \"forward-looking\ninformation\" and \"forward-looking statements\" within the meaning of applicable\nsecurities laws, including statements regarding the plans, intentions,\nbeliefs, and current expectations of the Company with respect to future\nbusiness activities, events, developments, and operating performance. Often,\nbut not always, forward-looking information and forward-looking statements can\nbe identified by the use of words such as \"plans\", \"expects\", \"is expected\",\n\"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\",\n“seeks”, “strategy” or \"believes\" or variations (including negative\nvariations) of such words and phrases, or statements formed in the future\ntense or indicating that certain actions, events or results \"may\", \"could\",\n\"would\", \"might\" or \"will\" (or other variations of the foregoing) be taken,\noccur, be achieved, or come to pass. Forward-looking information includes\ninformation regarding: (i) the Offering, including its terms, conditions,\nanticipated timing, use of proceeds and ability to receive all necessary\napprovals, including the approval of the TSX, (ii) the business plans,\nbusiness outlook, and expectations of the Company; and (iii) expectations for\nother economic, business, and/or competitive factors. Forward-looking\ninformation is based on currently available competitive, financial, and\neconomic data and operating plans, strategies, or beliefs as of the date of\nthis news release, but involve known and unknown risks, uncertainties,\nassumptions and other factors that may cause the actual results, performance\nor achievements of the Company to be materially different from any future\nresults, performance or achievements expressed or implied by the\nforward-looking information. Such factors may be based on information\ncurrently available to the Company, including information obtained from\nthird-party industry analysts and other third-party sources, and are based on\nmanagement's current expectations or beliefs. Any and all forward-looking\ninformation contained in this news release is expressly qualified by this\ncautionary statement. Investors are cautioned that forward-looking information\nis not based on historical facts but instead reflects expectations, estimates\nor projections concerning future results or events based on the opinions,\nassumptions and estimates of management considered reasonable at the date the\nstatements are made. Forward-looking information and forward-looking\nstatements reflect the Company's current beliefs and is based on information\ncurrently available to it and on assumptions it believes to be not\nunreasonable in light of all of the circumstances. In some instances, material\nfactors or assumptions are discussed in this news release in connection with\nstatements containing forward-looking information. Such material factors and\nassumptions include but are not limited to, those factors set forth in the\nCompany's annual and quarterly management’s discussion and analysis filed on\nwww.sedarplus.ca. Although the Company has attempted to identify important\nfactors that could cause actual actions, events, or results to differ\nmaterially from those described in forward-looking information, there may be\nother factors that cause actions, events or results to differ from those\nanticipated, estimated or intended. The forward-looking information contained\nherein is made as of the date of this news release and, other than as required\nby law, the Company disclaims any obligation to update any forward-looking\ninformation, whether as a result of new information, future events, or results\nor otherwise. There can be no assurance that forward-looking information will\nprove to be accurate, as actual results and future events could differ\nmaterially from those anticipated in such statements. Accordingly, readers\nshould not place undue reliance on forward-looking information.\n\nFor additional Information, please contact:\nRob Walker, Chief Commercial Officer\n+1-833-865-2887\ninvestorrelations@volatusaerospace.com\n\nCOMPANY WEBSITE\nhttps://volatusaerospace.com\nSOURCE: Volatus Aerospace Inc.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1ad9f21d-5409-42da-8fd9-f6d15b5494ec)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-27T21:00:14.147619786Z","server_sent_at_ms":1779915614147},"received_at":"2026-05-27T21:00:14.207Z","source_url":null},"analysis":{"id":"36581","press_release_id":"47147","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["offering priced at $0.65, indicating small/micro-cap status and potential liquidity stress","shares issued from treasury, resulting in immediate dilution to existing shareholders","use of proceeds includes 'general corporate purposes' and M&A, which adds execution risk"],"eventType":"offering","narrative":"Volatus Aerospace announced a bought deal public offering of 46.2 million common shares from treasury at $0.65 per share, raising gross proceeds of $30.03 million.\n\nDesjardins Capital Markets is the bookrunner, with a 15% over-allotment option exercisable for 30 days post-closing.\n\nThe company intends to use net proceeds for expanding manufacturing capacity, developing defence-sector RPAS capabilities, pursuing acquisitions, and strengthening its balance sheet for larger government contracts.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Volatus raises $30M via dilutive bought deal at $0.65/share to fund defence expansion and M&A."},"keyFigures":{"dealValueUsd":30030000,"offeringPrice":0.65,"sharesOffered":46200000,"customDimensions":{"over_allotment_option":"15%"}},"quotedText":"Volatus expects the net proceeds of the Offering will be used to advance the Company’s long-term strategy, including: (1) investing in expanded facilities and manufacturing capacity to fulfill increased demand internationally; (2) product development of further enhanced capabilities for remotely piloted aircraft systems for the defence industry","namedEntities":{"people":[{"name":"Rob Walker","role":"Chief Commercial Officer"}],"products":["remotely piloted aircraft systems","RPAS"],"companies":[{"name":"Volatus Aerospace Inc.","ticker":"FLT","relationship":"filer"},{"name":"Desjardins Capital Markets","relationship":"underwriter"},{"name":"Toronto Stock Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"$30,030,000","context":"aggregate gross proceeds"},{"amount":"$0.65","context":"price per Offered Share"}]},"materialImpact":{"score":4,"reasoning":"A $30M bought deal offering represents significant dilution for a small-cap aerospace firm. The shares are sold 'from treasury' at $0.65, which is a low absolute price point typical of distressed or highly speculative micro-caps. While the use of proceeds includes strategic expansion (M&A, capacity), the immediate impact is dilutive and signals a need for liquidity."},"tickerRelevance":{"others":[],"primary":"FLT"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"dilutive financing","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":4,"narrative":"Volatus Aerospace announced a bought deal public offering of 46.2 million common shares from treasury at $0.65 per share, raising gross proceeds of $30.03 million.\n\nDesjardins Capital Markets is the bookrunner, with a 15% over-allotment option exercisable for 30 days post-closing.\n\nThe company intends to use net proceeds for expanding manufacturing capacity, developing defence-sector RPAS capabilities, pursuing acquisitions, and strengthening its balance sheet for larger government contracts.","key_figures":{"dealValueUsd":30030000,"offeringPrice":0.65,"sharesOffered":46200000,"customDimensions":{"over_allotment_option":"15%"}},"named_entities":{"people":[{"name":"Rob Walker","role":"Chief Commercial Officer"}],"products":["remotely piloted aircraft systems","RPAS"],"companies":[{"name":"Volatus Aerospace Inc.","ticker":"FLT","relationship":"filer"},{"name":"Desjardins Capital Markets","relationship":"underwriter"},{"name":"Toronto Stock Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"$30,030,000","context":"aggregate gross proceeds"},{"amount":"$0.65","context":"price per Offered Share"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-27T21:01:38.054Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"dilutive financing","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":null,"modelName":"george-droid-qwen-72b"}}