- Volatus Aerospace raised C$4.2 million through a bought deal private placement with Ventum Financial Corp. to support its expansion into the defense sector and boost drone inventory
- The company secured a C$1 million contract to deliver lightweight tactical drone systems to a NATO member country
- The drones are optimized for tactical missions, featuring electro-optical and thermal sensors for all-weather, day-and-night operations
- Volatus Aerospace stock (TSXV:FLT) opened trading at $0.56
Volatus Aerospace (TSXV:FLT) announced a significant milestone in its growth strategy, signing off on a bought deal private placement agreement with Ventum Financial Corp. to raise gross proceeds of C$4.2 million. The financing involves issuing 8,076,924 units at $0.52 each, consisting of one common share and one-half of a warrant exercisable at $0.76 for 36 months.
This content has been prepared as part of a partnership with Volatus Aerospace Inc. and is intended for informational purposes only.
In a media statement, the drone company explained that the net proceeds from this offering will be directed toward expanding Volatus’ defense business segment and increasing inventory of drone systems to meet surging demand across Canada, the United States, and international markets.
The announcement comes on the heels of Volatus securing a C$1 million contract to deliver a fleet of lightweight tactical ISR (intelligence, surveillance, and reconnaissance) drone systems to a customer in a NATO member country. The contract is expected to be fulfilled by the end of the month, with gross margins consistent with the company’s standard for defense sector deliveries.
Designed for short-range tactical operations, the ISR drones feature electro-optical and thermal imaging sensors, enabling day and night missions in all weather conditions. Their compact form factor, rapid deployment capability, and robust data capture make them ideal for situational awareness and reconnaissance in dynamic environments.
“As threats continue to evolve, so must the technologies that support frontline operations,” Glen Lynch, CEO of Volatus Aerospace said in a news release. “Our ISR solutions are field-tested, cost-effective, and designed to deliver critical intelligence when and where it’s needed most.”
The NATO contract and the new financing round point to Volatus’ growing influence in the defense sector and its ability to respond to the increasing demand for scalable, economically sustainable ISR capabilities.
This news also came the same day as another top Canadian drone developer, Draganfly (CSE:DPRO) showcased its wares at the Pentagon’s Low-Cost Uncrewed Combat Attack Systems (LUCAS) event.
Volatus Aerospace stock (TSXV:FLT) opened trading more than 1 per cent lower at $0.56 but is flying 306.90 per cent higher since the start of the year.
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