Volatus Aerospace Inc. Announces $30 Million Bought‑Deal Public Offering of Common Shares

Volatus Aerospace Inc. (TSX: FLT, OTCQX: TAKOF, FSE: ABB.F) disclosed that it has entered into a bought‑deal agreement for a public offering of 41,304,347 shares of common stock, with proceeds expected to total approximately $30 million. The offering is structured as a “bought‑deal” with a primary dealer and is priced at $0.73 per share, reflecting the company’s most recent closing price on 25 May 2026. The transaction is anticipated to be completed in the near future and will be used to support ongoing development and commercialization activities in the drone‑delivery and autonomous flight systems market.

Launch of V‑Cortex™ at CANSEC 2026

At Canada’s largest defence, security, and emerging‑technology tradeshow, CANSEC 2026, Volatus unveiled its proprietary V‑Cortex™ AI Flight Controller and Autonomy Operating System. The system is designed for use in unmanned aircraft and is positioned as a sovereign Canadian solution for flight control and autonomous navigation. The company emphasized that V‑Cortex™ integrates advanced machine‑learning algorithms for real‑time decision making, obstacle avoidance, and mission planning. The launch coincided with the company’s presentation of the V‑Cortex™ platform at the event, which attracted attention from both defence contractors and commercial drone operators.

Selection to Advance in the U.S. Drone Dominance Program

Volatus announced that it has been selected to advance to the next phase of the U.S. Drone Dominance Program (Phase II). The initiative, run by the U.S. Department of Defense, is intended to accelerate the development of innovative drone technologies. The company’s entry into Phase II will involve a further evaluation of its autonomous flight systems, with the potential for future procurement and collaboration with U.S. military agencies. This development follows the company’s previous participation in the program’s Phase I evaluation.

Market Context and Company Profile

  • Market Cap: 503 890 000 CAD (as of 25 May 2026)
  • Price‑to‑Earnings Ratio: –18.5 (negative earnings)
  • 52‑Week Range: 0.135 CAD – 0.97 CAD
  • Primary Exchange: Toronto Stock Exchange
  • Currency: CAD

Volatus Aerospace Inc. is a Canadian‑headquartered company operating in the aerospace and defence sector, with a focus on the design, development, and implementation of drone delivery systems and autonomous flight technology. The firm’s recent public offering and programmatic milestones are intended to strengthen its financial position and accelerate the commercialization of its autonomous flight platform.