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/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO, May 14, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: ABB) ("Volatus" or the “Company"), a leader in global aerial solutions, is pleased to announce that, further to its press release dated April 11, 2025, the Company has completed its previously announced shares-for-debt transaction (the “Shares-for-Debt Transaction”) and issued a total of 20,174,280 common voting shares in the capital of the Company (the “Common Shares”) and 17,640,000 Common Share purchase warrants (each a “Warrant”) settling an aggregate debt of $3,026,142.00 owing to holders of unsecured convertible debentures of the Company (the “Debentures”) issued pursuant to a debenture indenture dated May 11, 2023 between the Company and TSX Trust Company. To give effect to the Shares-for-Debt Transaction, the Company and TSX Trust Company, as trustee, entered into a third supplemental indenture to the debenture indenture governing the Debentures.
