Volatus Aerospace closes C$34.5M bought deal public offering

On June 5, 2025, Volatus Aerospace Inc. (“Volatus”) completed its previously announced bought deal public offering (the “Public Offering”) for aggregate gross proceeds of C$34,534,500. Pursuant to the Public Offering, a total of 53,130,000 common voting shares of Volatus (the “Common Shares”) were sold at a price of $0.65 per Common Share, including an aggregate of 6,930,000 Common Shares issued as a result of the full exercise of the over-allotment option granted to the underwriters (the “Over-Allotment Option”). The Public Offering was conducted by a syndicate of underwriters including Desjardins Capital Markets, as sole bookrunner, and Stifel Nicolaus Canada Inc., as co-lead underwriters, together with Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp., ATB Cormark Capital Markets, RBC Capital Markets, and Scotia Capital Inc.

McCarthy Tétrault LLP advised Desjardins Capital Markets with a team led by Shaun Khullar that included Nancy Choi, Khristoff Browning, Omar Berih (Business), Erica Hennessey, Darren Chung (Tax), Vincent Yip, Jeff Sun (Intellectual Property), Brian Lipson (Transportation Regulatory) and Sharon Kretchmar (Securities).