Volatus Aerospace Optimizes Capital Structure and Issues Employee Incentives

Volatus Aerospace has taken steps to simplify its capital structure by converting $145,545 in preferred shares into common shares, a move aligned with its long-term growth strategy. This conversion, stemming from the 2020 acquisition of UAViation Aerial Solutions Ltd, resulted in 666,667 common shares being issued at $0.12 per share, producing $80,000 of value. The adjusted issue price stands at $0.22 per share, showing a profit margin of $65,545. This initiative underscores Volatus' focus on creating shareholder value and bolstering its financial foundation.

Further, Volatus Aerospace has distributed 7,609,000 stock options and Restricted Share Units to 109 employees, supporting the alignment of employee incentives with shareholder interests over up to four years. CEO Glen Lynch, forgoing his incentive participation, emphasizes cost-saving measures and showcases confidence in the company's future. These efforts illustrate the company's dedication to fostering innovation while pursuing long-term objectives.