Volatus Aerospace Secures Major Funding to Drive Defense Sector Expansion

Canadian drone manufacturer Volatus Aerospace has positioned itself for significant growth following a substantial capital infusion announced on November 10. The company successfully arranged financing totaling $24.6 million through a combination of a $20 million public equity offering and a separate $4.66 million private placement. These strategic moves come as Volatus accelerates its presence within the rapidly expanding defense industry.

Concurrent with its funding announcement, Volatus finalized the acquisition of Calibburn Holdings LLP, a transaction valued at 2 million Canadian dollars paid in company shares. This deal brings advanced drone technology developed in the United Kingdom into Volatus’s portfolio. The timing appears particularly advantageous, coinciding with Canada’s recently unveiled “Canada Strong” budget on Read more...