HELIUX

Mirabel, Quebec – October 29, 2026 -- Volatus Aerospace Inc. (TSX: FLT) has completed its acquisition of Lithuania-based AISPECO UAB, paying US$3.0 million in cash and issuing 17,434,193 common shares at a deemed price of C$0.5813 per share.

Consideration includes restricted share units and up to US$2.5 million in contingent payments

Volatus will also grant 1,859,804 restricted share units. The share and cash amounts reflect customary working capital adjustments. Additional contingent consideration of up to US$2.5 million is payable in cash or common shares, at Volatus' option, if financial, commercial and product-development milestones are met over three years.

Mirabel, Quebec – October 27, 2026 -- Volatus Aerospace Inc. (TSX: FLT) agreed to acquire 100% of Lithuanian airborne-sensor developer AISPECO Uab for a base consideration of US$10.5 million, with up to US$2.5 million more tied to performance milestones.

Share-heavy deal structure ties up to US$2.5 million to three-year milestones

The base price comprises US$3.0 million in cash and US$7.5 million in Volatus common shares, about 70% of the total, subject to adjustments under the acquisition agreement. The shares will be priced at the 20-day volume-weighted average price on the Toronto Stock Exchange as of October 13, 2026.

The additional US$2.5 million is payable in cash or equity at Volatus' option if AISPECO meets specified financial, commercial and product-development milestones over three years. Closing requires customary conditions, including conditional TSX approval.