Mr. Abhinav Singhvi reports

VOLATUS AEROSPACE CLOSES $26,391,500 BOUGHT DEAL PUBLIC OFFERING AND NON-BROKERED PRIVATE PLACEMENT

Volatus Aerospace Inc. has completed its previously announced bought deal public offering and non-brokered private placement for aggregate gross proceeds of $26,391,500. Pursuant to the public offering, a total of 38,352,500 common voting shares of the company were sold at a price of 60 cents per common share, including an aggregate of 5,002,500 common shares issued as a result of the full exercise of the overallotment option. The public offering was conducted by a syndicate of underwriters led by Stifel Nicolaus Canada Inc. and including Ventum Financial Corp., Canaccord Genuity and Haywood Securities Inc.

In addition, a total of 5,633,333 common shares were sold pursuant to the private placement, at a price of 60 cents per common share, to certain international strategic investors, including Unusual Machines Inc.

The underwriters received a cash commission equal to 6.0 per cent of the gross proceeds of the public offering (including the gross proceeds raised pursuant to the full exercise of the overallotment option) in addition to an advisory fee of $22,374 (inclusive of HST). The company also paid finders' fees in the amount of $120,000 to certain persons who assisted the company with the private placement.

The company will use the net proceeds from the public offering and the private placement for the development of the company's Mirabel manufacturing hub, research and development of drone technologies to support the defence sector, potential acquisitions related to the defence sector, capital expenditures, and working capital and general corporate purposes, as more particularly described in the company's short form prospectus dated Nov. 21, 2025.

About Volatus Aerospace Inc.

With more than a century of combined aviation expertise, Volatus Aerospace delivers innovative aerial solutions for intelligence, surveillance and cargo, utilizing both piloted and remotely piloted aircraft (RPAS/drones). Volatus provides a complete ecosystem of aerial services, including operations, equipment sales, training and mission support, helping industries integrate aerial capabilities safely, efficiently and sustainably.

We seek Safe Harbor.