Volatus Aerospace to acquire full ownership of Synergy Aviation
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Background ✨
Volatus Aerospace previously proposed a shares-for-debt settlement, after debenture holders approved accepting Volatus securities in full satisfaction of CAD2.6 million of principal plus accrued interest under a 11-May-2023 debenture indenture.1 Drone Delivery Canada and Volatus Aerospace also completed a merger of equals in Sep-2024, resulting in Volatus becoming a wholly owned subsidiary and Volatus chairman Ian McDougall becoming board chairman.2