The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length share purchase agreement entered into between Volatus Aerospace Corp. and an arm's-length party. Pursuant to the agreement, the company will acquire a 100-per-cent interest in iRed Ltd. (the target), a drone services company based in Hampshire in the United Kingdom.

As consideration for the acquisition, the company will pay the vendor: (i) cash consideration of 100,000 pounds sterling; and (ii) 1,098,684 common shares.

For further details, please refer to the company's news releases dated Oct. 18, 2022, Nov. 10, 2022, and Nov. 13, 2023.