Volatus Aerospace to Achieve Full Ownership of Synergy Aviation and Consolidate Commercial Aircraft Operations
Rhea-AI Summary
Volatus Aerospace (OTCQX: TAKOF) agreed to acquire the remaining 41.53% minority interest in Synergy Aviation, issuing up to approximately 2.59 million common shares based on a 30-day VWAP prior to closing. Closing is expected on or about March 15, 2026, subject to Board and TSX-V approval.
The consolidation will allow Volatus to fully integrate commercial aircraft operations, align governance and financial reporting, and support expansion of operations in Tulsa, Oklahoma and Canadian engineering and manufacturing initiatives.
Positive
- Full ownership of Synergy with 100% stake upon closing
- Acquisition via issuance of up to 2.59M common shares
- Consolidation aligns governance and financial reporting
- Supports Tulsa commercial operations launch later in March 2026
Negative
- Issuance of up to 2.59M shares may dilute existing shareholders
- Closing contingent on Board and TSX-V approval, not guaranteed
News Market Reaction – TAKOF
On the day this news was published, TAKOF declined 1.17%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MONTRÉAL, March 04, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT | OTCQX: TAKOF | FSE: ABB.F) (“Volatus” or the “Company”), a Canadian aerospace and defence company delivering integrated uncrewed systems and mission-critical operational services, today announced that it has entered into definitive agreements to acquire the remaining minority interest in Synergy Aviation Ltd. (“Synergy”), resulting in Volatus holding
The consideration will be satisfied through the issuance of common shares of Volatus based on the 30-day volume weighted average price prior to closing. The valuation framework applied in this transaction is consistent with the Company’s original majority investment in Synergy. In 2025, Volatus increased its ownership by
The acquisition enables Volatus to fully consolidate its commercial aircraft operations under the Volatus Aerospace brand, eliminating minority interests and aligning governance, financial reporting, and capital allocation. This alignment strengthens the Company’s integrated aviation platform by improving coordination across crewed aircraft, remotely piloted systems, training, engineering, and manufacturing activities.
This consolidation complements Volatus’ previously announced expansion of its operational aviation base in Tulsa, Oklahoma, which is scheduled to commence commercial aircraft operations later this month in support of the U.S. oil and gas sector. Separately, the Company continues to advance centralized engineering and domestic manufacturing initiatives in Canada as part of its broader aerospace strategy.
Glen Lynch, Chief Executive Officer of Volatus Aerospace, stated: “Completing this step allows us to operate with greater alignment across our aerospace platform. Bringing our aircraft operations fully under Volatus strengthens how we integrate crewed and uncrewed capabilities and positions us to execute with greater consistency as we continue growing in North America and internationally.”
About Volatus Aerospace
Volatus Aerospace Inc. is a Canadian-based global aerospace and defence company delivering crewed and uncrewed aerial systems, manufacturing, advanced autonomy capabilities, and mission-critical operational services. The Company provides aerial intelligence, inspection, logistics, surveillance, training, and autonomous aerial solutions supporting infrastructure, energy, public safety, healthcare, and government operations.
Forward-Looking Information
This news release contains statements that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities, events, developments and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", “seeks”, “strategy” 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", "could", "would", "might" or "will" (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans, business outlook and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company 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, and are based on management's current expectations or beliefs. Any and all forward-looking information contained in this news 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 projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company's current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. 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 news release and, other than 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
For additional Information, please contact:
Rob Walker, Chief Commercial Officer
+1-833-865-2887
investorrelations@volatusaerospace.com
COMPANY WEBSITE
https://volatusaerospace.com
SOURCE: Volatus Aerospace Inc.
FAQ
What stake will Volatus Aerospace (TAKOF) hold in Synergy Aviation after the March 2026 acquisition?
How many Volatus (TAKOF) shares will be issued to acquire the remaining 41.53% of Synergy Aviation?
When is the Synergy Aviation consolidation expected to close for Volatus Aerospace (TAKOF)?
What strategic benefits does Volatus (TAKOF) expect from fully consolidating Synergy Aviation?
Will the Synergy acquisition affect Volatus Aerospace (TAKOF) operations in Tulsa, Oklahoma?
Did Volatus (TAKOF) previously increase its ownership in Synergy before this transaction?
