11:34 AM EDT, 06/05/2026 (MT Newswires) -- Volatus Aerospace ( TAKOF ) on Friday said it closed a bought-deal public offering of share that raised $34.53 million.y.

The company sold underwriters 53.13-million shares priced at $0.65 each including the full exercise of their over-allotment option.

"The company intends to use the net proceeds from the public offering to advance the company's long-term strategy, including: (1) investing in expanded facilities and manufacturing capacity to fulfill increased demand internationally; (2) product development of further enhanced capabilities for remotely piloted aircraft systems for the defence industry; (3) enhancing the ability to consider larger acquisitions of complementary technologies and businesses; (4) increasing the company's attractiveness as a stable and reliable long-term supplier and strengthening the company's balance sheet to demonstrate additional working capital when bidding for larger governmental and commercial contracts; and (5) for general corporate purposes, as more particularly described in the Company's prospectus supplement dated May 29, 2026," stated the company..

The company's shares were last seen down $0.02 to $0.65 on the Toronto Stock Exchange.

Price: 0.65, Change: -0.02, Percent Change: -2.99