Volatus Aerospace and Drone Delivery Canada: A strategic merger

Volatus Aerospace Corp. and Drone Delivery Canada Corp. have announced a strategic merger, forming a new entity that will operate under the name “Volatus Aerospace Corp.”

Regulatory Approval and Trading information

The merger is pending approval from the TSX Venture Exchange, with the new company expected to trade under the ticker symbol “FLT.”

About the Companies

drone Delivery Canada is recognized for its innovative drone technology, specializing in the design and implementation of proprietary systems for remotely piloted aircraft, especially in cargo delivery. Simultaneously occurring, volatus is a frontrunner in both piloted and remotely piloted aircraft operations.

Leadership and Vision

Both companies’ boards have endorsed the merger, which will be governed by a board of directors and management team composed of seasoned professionals from the drone technology sector. This collaboration aims to merge the strengths and cultures of both organizations.

Commercialization and Growth Strategy

By uniting their efforts, Volatus and Drone Delivery Canada intend to kickstart commercialization initiatives aimed at maximizing shareholder value.This merger is designed to create a financially robust enterprise focused on both immediate and long-term revenue growth, paving the way for lasting market leadership. The merger is anticipated to finalize in the third quarter of 2024, subject to standard closing conditions.

Investment and Market Readiness

To date, Drone Delivery Canada has invested approximately $40 million in developing competitive drone cargo solutions that are now market-ready. Volatus is strategically positioned to capitalize on these advancements by focusing on drone services, training, and equipment sales.

Regulatory Landscape and Future Plans

as regulations evolve to support the commercialization of drone cargo and remote operations, Volatus is preparing to expand its efforts in Advanced Air Mobility, enhancing its market strategy.

Technological Advantages

The merger will leverage Drone Delivery Canada’s advanced technologies, including its remote operations center, Flyte management software, DroneSpot infrastructure, and specialized cargo aircraft. Without these innovations, entering the Advanced Air Mobility market would require substantial investment in research and development for any drone service provider.

Global Presence and Financial Synergies

The newly formed company, with its combined decades of experience in technology and aviation, is poised to establish a significant global presence as a diversified leader in technology and services. This merger is expected to yield substantial cost synergies, enhancing profitability and improving margins as revenue continues to grow.

Shareholder Benefits and Additional Information

The press release detailing the merger, available on the Volatus website, outlines several key points for shareholders, including:

• Overview of the Transaction
• Recommendations from the Board of Directors
• Additional Information
• Debenture Offering and Loan Details
• Changes in the Board
• Advisory Team

Leadership Insights

Ian McDougall, Chair of the Volatus board, expressed enthusiasm about the merger, stating, “We are excited to announce this transformative partnership with Drone Delivery Canada. This merger will enhance our capacity to deliver cutting-edge technology and services, positioning us as a global leader.”

Steve Magirias, CEO of Drone Delivery Canada, remarked, “We have been seeking the right partner for our growth journey, and we believe Volatus is an excellent match in terms of management vision and industry expertise.”

Glen Lynch, CEO and President of Volatus, added, “We anticipate significant strategic impacts from this merger, enabling us to drive technological advancements and provide industry-leading services.”

Discover more about the Merger of Equals on the Volatus website >>