Volatus Aerospace Streamlines Capital Structure and Issues Long-Term Incentives
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) has executed two significant capital structure initiatives. First, the company converted $145,545 in preferred shares into 666,667 common shares at $0.12 per share, creating $80,000 in value and generating a $65,545 profit through an adjusted issue price of $0.22 per share. This conversion stems from the 2020 UAViation Aerial Solutions acquisition terms.
Additionally, the company issued 7,609,000 stock options and Restricted Share Units (RSUs) to 109 employees, vesting over up to 4 years. Notably, CEO Glen Lynch opted out of the incentive program to extend benefits across the organization while maintaining his position as a significant equity holder.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) ha attuato due importanti iniziative relative alla struttura del capitale. In primo luogo, l'azienda ha convertito 145.545 dollari in azioni privilegiate in 666.667 azioni ordinarie a 0,12 dollari per azione, creando un valore di 80.000 dollari e generando un profitto di 65.545 dollari tramite un prezzo di emissione aggiustato di 0,22 dollari per azione. Questa conversione deriva dai termini di acquisizione della UAViation Aerial Solutions del 2020.
Inoltre, l'azienda ha emesso 7.609.000 opzioni su azioni e Restricted Share Units (RSUs) a 109 dipendenti, con un piano di maturazione fino a 4 anni. È interessante notare che il CEO Glen Lynch ha scelto di non partecipare al programma di incentivi per estendere i benefici a tutta l'organizzazione, mantenendo al contempo la sua posizione di azionista di rilievo.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) ha llevado a cabo dos iniciativas significativas en la estructura de capital. Primero, la compañía convirtió 145,545 dólares en acciones preferentes en 666,667 acciones comunes a 0.12 dólares por acción, creando un valor de 80,000 dólares y generando una ganancia de 65,545 dólares a través de un precio de emisión ajustado de 0.22 dólares por acción. Esta conversión proviene de los términos de adquisición de UAViation Aerial Solutions en 2020.
Además, la compañía emitió 7,609,000 opciones sobre acciones y Unidades de Acción Restringida (RSUs) a 109 empleados, con un período de adquisición de hasta 4 años. Notablemente, el CEO Glen Lynch optó por no participar en el programa de incentivos para extender beneficios a toda la organización mientras mantiene su posición como un importante accionista.
볼라투스 에어로스페이스 (TSXV:FLT, OTCQX:TAKOF)는 두 가지 중요한 자본 구조 이니셔티브를 실행했습니다. 첫째, 회사는 145,545달러의 우선주를 0.12달러의 보통주 666,667주로 전환하여 80,000달러의 가치를 창출하고, 조정된 발행가 0.22달러를 통해 65,545달러의 이익을 발생시켰습니다. 이 전환은 2020년 UAViation Aerial Solutions 인수 조건에서 비롯됩니다.
또한, 회사는 109명의 직원에게 7,609,000주의 주식 옵션과 제한 주식 단위(RSUs)를 발행했으며, 최대 4년에 걸쳐 분할 지급됩니다. 특히, CEO글렌 링치는 incentives 프로그램에서 제외하여 전체 조직에 혜택을 확장하면서도 주요 주주로서의 지위를 유지하기로 결정했습니다.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) a mis en œuvre deux initiatives importantes concernant sa structure de capital. Premièrement, la société a converti 145 545 dollars en actions préférentielles en 666 667 actions ordinaires au prix de 0,12 dollar par action, créant une valeur de 80 000 dollars et générant un bénéfice de 65 545 dollars grâce à un prix d'émission ajusté de 0,22 dollar par action. Cette conversion est le résultat des conditions d'acquisition de UAViation Aerial Solutions en 2020.
De plus, la société a émis 7 609 000 options sur actions et des unités d'actions restreintes (RSUs) à 109 employés, avec des droits qui s'acquièrent sur une durée pouvant aller jusqu'à 4 ans. Notamment, le PDG Glen Lynch a choisi de ne pas participer au programme d'incitations pour étendre les avantages à l'ensemble de l'organisation tout en maintenant sa position d'actionnaire important.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) hat zwei bedeutende Initiativen zur Kapitalstruktur umgesetzt. Zunächst wandelte das Unternehmen 145.545 US-Dollar an Vorzugsaktien in 666.667 Stammaktien zu einem Preis von 0,12 US-Dollar pro Aktie um, wodurch ein Wert von 80.000 US-Dollar geschaffen und ein Gewinn von 65.545 US-Dollar durch einen angepassten Ausgabepreis von 0,22 US-Dollar pro Aktie erzielt wurde. Diese Umwandlung resultiert aus den Bedingungen des Erwerbs von UAViation Aerial Solutions im Jahr 2020.
Darüber hinaus hat das Unternehmen 7.609.000 Aktienoptionen und Restricted Share Units (RSUs) an 109 Mitarbeiter ausgegeben, die über einen Zeitraum von bis zu 4 Jahren nach einem Vesting-Plan auslaufen. Bemerkenswert ist, dass CEO Glen Lynch auf das Anreizprogramm verzichtet hat, um Vorteile auf die gesamte Organisation zu erweitern, während er seine Position als bedeutender Aktionär beibehält.
- Successful conversion of preferred shares resulting in $65,545 profit
- Simplification of capital structure through share conversion
- Implementation of employee retention program through stock options and RSUs
- CEO foregoes incentives to benefit broader employee base
- Dilution of existing shareholders through issuance of 666,667 new common shares
- Additional potential dilution from 7,609,000 stock options and RSUs
TORONTO, ON / ACCESSWIRE / December 30, 2024 / Volatus Aerospace Inc. (TSXV:FLT)(OTCQX:TAKOF)(Frankfurt:A3DP5Y/ABBA.F) ("Volatus" or the "Company") has, in line with TSX Venture Exchange (TSXV) guidelines and Volatus Aerospace's commitment to long-term growth, successfully converted
Additionally, in support of its commitment to aligning employee incentives with long-term shareholder value, Volatus Aerospace has issued a total of 7,609,000 stock options and Restricted Share Units (RSUs) to 109 employees under its approved stock option and RSU plans, with grants vesting over a period of up to 4 years. Reflecting the Company's prioritization of cost savings, CEO Glen Lynch has voluntarily chosen to forgo participation in the incentive program, allowing the benefits to extend across the organization. He continues to demonstrate his confidence in the Company's long-term success as a significant equity holder.
"These initiatives reflect our unwavering commitment to our employees, who bring extensive expertise in aviation, business, and engineering to drive our success," said Glen Lynch, CEO of Volatus Aerospace. "By aligning employee incentives with our strategic objectives, we ensure the continued delivery of innovative aerial solutions while fostering long-term shareholder value. We remain disciplined in our financial approach and focused on executing our growth strategy to benefit all stakeholders."
About Volatus Aerospace
Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With a strong foundation of over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems (RPAS). We serve industries such as oil and gas, utilities, healthcare, and public safety. Our mission is to enhance operational efficiency, safety, and sustainability through cutting-edge, real-world solutions.
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 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", 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 anticipated benefits of, and estimated revenue to be generated by, the master service agreement; (ii) the business plans and expectations of the Company; and (iii) 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 of management 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 anticipated benefits and revenues of the master service agreement to the Company; the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; meeting the continued listing requirements of the TSXV; and including, but not limited to, those factors set forth in the Company's Annual Information Form under the section "Risk Factors". 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
TSXV:FLT
Media Contact
Danielle Gagne
Head of Marketing and Communications, Volatus Aerospace
+1 833-865-2887
Danielle.gagne@volatusaerospace.com
SOURCE: Volatus Aerospace Corp.
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