Triumphant Merger of Drone Delivery Canada and Volatus Aerospace

On May 21, 2024, Drone Delivery Canada corp.and Volatus Aerospace Corp. announced the successful completion of their merger, marking a significant milestone in the aerospace sector.

Details of the Merger

Through a plan of arrangement under the Business Corporations Act (Ontario), Drone Delivery Canada has acquired all outstanding common shares of volatus, resulting in Volatus becoming a wholly-owned subsidiary. This strategic move is expected to enhance operational capabilities and market reach.

A New Chapter in aerial Logistics

The merger signifies a transformative phase for both entities, merging Volatus’ expertise in commercialization with Drone Delivery Canada’s established remote operations and logistics technology. This collaboration aims to create a robust aerial intelligence and logistics ecosystem, providing efficient solutions across various sectors.

Shareholder and Legal Approvals

Both companies secured the necessary approvals from their shareholders,with Drone Delivery Canada convening its meeting on August 26 and Volatus on August 23. The Ontario Superior Court of Justice (Commercial List) granted approval for the arrangement on August 27.

Vision and Expertise of Volatus Aerospace Inc.

Emerging from this merger, Volatus Aerospace Inc. is positioned as a leader in integrating aerial intelligence and logistics solutions. With over a century of combined experiance in aviation, the company is dedicated to developing a comprehensive ecosystem that enhances operational efficiency, safety, and sustainability through innovative aerial solutions.

Strategic Growth and Partnerships

Volatus aerospace has pursued strategic partnerships and acquisitions to expand its operational, geographical, and technological capabilities, ensuring the delivery of top-tier services and training on a global scale.

Leadership Team

The leadership of the newly formed company includes Glen Lynch as CEO and Steve Magirias as COO. Ian McDougall, previously chairman of Volatus, now serves as chairman of the board, alongside directors Kevin Sherkin, Larry taylor, Glen Lynch, and Andrew Leslie.

CEO’s Vision for the Future

Glen Lynch, CEO of Volatus Aerospace Inc., expressed, “The merger of Drone Delivery Canada and Volatus represents a pivotal moment for our institution.When Volatus transitioned to a public entity in 2021, we envisioned becoming an integrator in a fragmented industry, aiming to create a streamlined ecosystem for our clients.”

“This merger with Drone Delivery Canada allows us to leverage our technological strengths alongside their commercial expertise, delivering proven remote operational capabilities and logistics solutions to our clientele.”

Access the complete press release for further details on Volatus Options, Warrants, Convertible Debentures, and additional information.