Volatus Aerospace Inc. Secures $10 Million in Non-Brokered Financing for Expansion

Volatus Aerospace Inc. has filed for a non-brokered private placement offering of up to 19,230,770 units at $0.52 per unit, aiming to raise around $10 million. Each unit includes one common share and half a purchase warrant. The proceeds will be used to expand into the defense business segment, increase drone inventory to meet demand in the US, Canada, and globally, and for general working capital. The offering is expected to close around July 16, 2025, subject to regulatory approvals. Finders may receive up to 6% cash fee. The offering is not for distribution in the United States.

Read more at GlobeNewswire: Volatus Announces Non-Brokered LIFE Financing of up to