Volatus Aerospace Raises $10M in Fully Subscribed LIFE Offering for Expansion and Growth

Volatus Aerospace has closed a fully subscribed LIFE offering of $10 million, issuing 19.23 million units at $0.52 per unit. The net proceeds will be used for expansion into the defense business, increasing inventory, and general working capital. The LIFE Offering was subject to final approval from the TSX Venture Exchange and paid finder's fees of $600,000.

Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) has successfully closed its fully subscribed listed issuer financing exemption (LIFE) private placement, raising $10 million [2]. The company issued 19,230,770 units at a price of $0.52 per unit, with net proceeds to be used for expansion into the defense business, increasing inventory, and general working capital.

The LIFE Offering was subject to final approval from the TSX Venture Exchange and paid finder's fees of $600,000. The successful closing of this offering demonstrates Volatus' ability to secure funding for strategic growth initiatives, particularly in the defense sector.

For more information, see the press release [2].

References:
[1] https://www.businesswire.com/news/home/20250630778614/en/Veritone-Announces-Equity-Offering-of-%2410-Million-Backed-by-CEO
[2] https://www.globenewswire.com/news-release/2025/07/17/3117660/0/en/Volatus-Announces-Closing-of-Fully-Subscribed-LIFE-Offering-of-10-000-000.html