Volatus LIFE Offering Financing Oversubscribed and Upsized to $5,000,000

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TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) ("Volatus" or the "Company") is pleased to announce that, due to existing and strategic investor demand, it has increased the size of its non-brokered listed issuer financing exemption ("LIFE") private placement (the "LIFE Offering"), as previously announced on June 19, 2025, to 25,000,000 units of the Company ("Units") at a price of $0.20 per Unit (the "Issue Price") for gross proceeds of up to approximately $5,000,000, increased from $4,000,000. Each Unit will be comprised of one common voting share in the capital of the Company ("Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 36 months following the date of issuance. The Company is not expecting to increase the offering further. In connection with the upsize to the LIFE Offering, the Company has filed an amended and restated offering document (the "Offering Document").

The LIFE Offering is expected to close on or before June 26, 2025, or such other dates as the Company may decide (the "Closing Date"). The LIFE Offering is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange ("TSXV"), regulatory and other approvals. The LIFE Offering may be closed in multiple tranches.

The Company intends to use the net proceeds of the LIFE Financing for expansion into global markets, investment into Artic and remote operations infrastructure, inventory, and general corporate and working capital purposes.

As mentioned in the June 19, 2025 press release, the Company expects to see growth opportunities for its business related to policy changes from the Canadian Federal ...