– FINAL SUMMARY PROSPECTUS AVAILABLE ON SEDAR+ –
NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
TORONTO, November 21, 2025 (GLOBE NEWSWIRE) — Flight Aerospace Inc. (“Flight” or “Company“”) (TSX-V: FLT; OTCQX: TACOF; Frankfurt: ABB.F) is pleased to announce that in connection with the public offering of the buyout transaction as previously announced on November 4, 2025 (“Offer“), the Company filed a definitive short form prospectus dated November 21, 2025 (“Final prospectus“) with the securities commissions in each of the Canadian provinces except Quebec, and received a receipt for this.
The final prospectus provides for the distribution of 33,350,000 shares of the Company's common voting stock at a price of $0.60 per share, for aggregate gross proceeds of $20,010,000 and up to an additional 5,002,500 shares of common voting stock pursuant to the over-allotment rights granted to the underwriters.
The offering is expected to close on or about November 26, 2025 and is subject to certain conditions, including, without limitation, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (“TSHV“).
Access to the Final Prospectus and any amendments thereto is provided in accordance with securities laws regarding procedures for making available a prospectus and any amendments. The final prospectus is available on Electronic Data Analysis and Retrieval System + (“CAREFULLY+“) at www.sedarplus.ca. An electronic or paper copy of the Final Prospectus and any amendments may be obtained free of charge from Stifel Nicolaus Canada Inc. at 161 Bay Street West, Suite 3800, Toronto, Ontario, M5J 2S1, by email at [email protected]Attention: Equity Capital Markets by providing the contact person with an email address or address, as appropriate. Prospective investors should read the Final Prospectus in its entirety before making an investment decision.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor is there any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (“US Securities Law” or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is provided.
About Flight Aerospace Inc.
With over a century of aviation experience, Volatus Aerospace provides innovative aerial solutions for intelligence, surveillance and cargo operations using both manned and remotely piloted aircraft (RPAS/drones). Volatus provides a complete ecosystem of aviation services, including operations, equipment sales, training and mission support, helping industries integrate air capabilities safely, efficiently and sustainably.
For more information contact:
Abhinav Singhvi, CFO
[email protected]
+1 833-865-2887
www.volatusaerospace.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. Such information includes, but is not limited to, statements relating to the Offering, the expected timing of closing of the Offering and the expected timing and receipt of necessary regulatory approvals, including TSXV approval. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “expects”, “budget”, “scheduled”, “estimate”, “forecast”, “intends”, “expects” or “believes”, or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “may”, “will”, “may” or “shall” (or other variations of the foregoing) be undertaken, occur, be achieved or come to fruition.
Forward-looking information is based on currently available competitive, financial and economic data and management's operating plans, strategies or beliefs as of the date of this press release, but involves known and unknown risks, uncertainties, assumptions and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, as well as management's current expectations or beliefs.
Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or predictions about future results or events that are based on management's opinions, assumptions and estimates believed to be reasonable at the date of the statements. Forward-looking information and forward-looking statements reflect the Company's current beliefs and are based on information currently available to it and on assumptions that it believes are not unreasonable in light of all the circumstances. In certain cases, this press release discusses significant factors or assumptions in connection with forward-looking statements. Such material factors and assumptions include, but are not limited to, those set forth in the Company's annual and quarterly management's discussions and analyzes posted at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this press release and, except as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
