Brief: Drone Delivery Canada And Volatus Aerospace Corp. Announce Transformative Merger Of Equals Creating Global Leader In Drone Technology And Services
21/05/2024 12:32
Drone Delivery Canada Corp FLT.V :
* 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: ID:nCNW5lnYxa
Further company coverage: FLT.V
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