Volatus Aerospace Secures Landmark $24.67 Million Capital Raise

Volatus Aerospace CA92865G1054

Canadian drone technology firm Volatus Aerospace has successfully closed a substantial funding package totaling $24.67 million. The capital was raised through two distinct financing initiatives: a $20.01 million public offering led by Stifel Nicolaus Canada, supplemented by an additional $4.66 million private placement.

Under the terms of the offering, the company issued 33.35 million new common shares at a price of $0.60 per share. A 15% over-allotment option remains available, which could potentially increase the total proceeds to approximately $27.67 million. These transactions are scheduled for final settlement on November 26.