BRIEF-Drone Delivery Canada And Volatus Aerospace Corp. Announce Transformative Merger Of Equals Creating Global Leader In Drone Technology And Services

Reuters2024-05-21

Drone Delivery Canada Corp :

* DRONE DELIVERY CANADA AND VOLATUS AEROSPACE CORP. ANNOUNCE TRANSFORMATIVE MERGER OF EQUALS CREATING GLOBAL LEADER IN DRONE TECHNOLOGY AND SERVICES

* DRONE DELIVERY CANADA CORP - 50/50 MERGER OF EQUALS, CREATING A GLOBAL DIVERSIFIED DRONE TECHNOLOGY AND SERVICES LEADER

* DRONE DELIVERY CANADA CORP: VOLATUS SHAREHOLDERS WILL RECEIVE 1.785 DRONE DELIVERY CANADA VOTING COMMON SHARES FOR EACH VOLATUS COMMON SHARE HELD

* DRONE DELIVERY CANADA CORP - COMBINED COMPANY WILL BE CALLED "VOLATUS AEROSPACE CORP."

* DRONE DELIVERY CANADA - COMBINED COMPANY ANTICIPATED TO BE CASH FLOW NEUTRAL BY Q4 OF 2024 AND ACCELERATE ACHIEVEMENT OF PROFITABILITY GOALS IN 2025

Source text for Eikon: Further company coverage:

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