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BRIEF-Drone Delivery Canada And Volatus Aerospace Corp. Announce Transformative Merger Of Equals Creating Global Leader In Drone Technology And Services
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BRIEF-Drone Delivery Canada And Volatus Aerospace Corp. Announce Transformative Merger Of Equals Creating Global Leader In Drone Technology And Services
May 21, 2024 5:00 AM

Drone Delivery Canada Corp ( TAKOF ):

* DRONE DELIVERY CANADA AND VOLATUS AEROSPACE CORP. ANNOUNCE

TRANSFORMATIVE MERGER OF EQUALS CREATING GLOBAL LEADER IN DRONE

TECHNOLOGY AND SERVICES

* DRONE DELIVERY CANADA CORP ( TAKOF ) - 50/50 MERGER OF EQUALS,

CREATING A

GLOBAL DIVERSIFIED DRONE TECHNOLOGY AND SERVICES LEADER

* DRONE DELIVERY CANADA CORP ( TAKOF ): VOLATUS SHAREHOLDERS WILL

RECEIVE

1.785 DRONE DELIVERY CANADA VOTING COMMON SHARES FOR EACH

VOLATUS COMMON SHARE HELD

* DRONE DELIVERY CANADA CORP ( TAKOF ) - COMBINED COMPANY WILL BE

CALLED

"VOLATUS AEROSPACE CORP."

* DRONE DELIVERY CANADA ( TAKOF ) - COMBINED COMPANY ANTICIPATED TO BE

CASH

FLOW NEUTRAL BY Q4 OF 2024 AND ACCELERATE ACHIEVEMENT OF

PROFITABILITY GOALS IN 2025

Source text for Eikon:

Further company coverage:

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