- Volatus Aerospace Corp. has filed a preliminary short form prospectus for aggregate gross proceeds to the of up to $4,000,032
- This is in connection with its proposed marketed public offering of 11,111,200 units of the company at a price of $0.36 per unit, subject to an over-allotment option
- The company is also undertaking a non-brokered private placement of up to 1,388,900 units (also $0.36 per unit) for gross proceeds of up to $500,004
- Volatus provided guidance that it expects to report revenues of approximately $6.5M for Q2 2022, representing a 92 per cent increased compared to this time, last year
- Shares of Volatus Aerospace Corp. were down 20.45 per cent, trading at $0.35 as of 2:15 pm ET
Volatus Aerospace Corp. (VOL) has filed a preliminary short form prospectus for aggregate gross proceeds to the of up to $4,000,032.
This is in connection with its proposed marketed public offering of 11,111,200 units of the company at a price of $0.36 per unit, subject to an over-allotment option.
The company is also undertaking a non-brokered private placement of up to 1,388,900 units (also $0.36 per unit) for gross proceeds of up to $500,004.
The company intends to use the proceeds for inventory, factory operations, warehouse improvements, equipment for services and training, technology development, acquisitions, working capital and general corporate purposes.
The company provided guidance that it expects to report revenues of approximately $6.5M for Q2 2022, representing a 92 per cent increased compared to this time, last year.
Volatus is a provider of integrated drone solutions. It offers a range of solutions and services throughout the Americas for civilian and military applications, including system and vehicle sales, service and training; aerial inspection and imaging services; data processing and management; system design engineering, research & development, manufacture and testing.
Shares of Volatus Aerospace Corp. were down 20.45 per cent, trading at $0.35 as of 2:15 pm ET.
