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Drone Delivery Canada ( (TSE:FLT) ) has shared an announcement.
Volatus Aerospace Inc. has announced the filing of a final short form prospectus in connection with its bought deal public offering, which involves the distribution of over 33 million common voting shares at $0.60 per share, aiming to raise gross proceeds of $20,010,000. This offering, expected to close on November 26, 2025, is contingent upon receiving necessary approvals, including from the TSX Venture Exchange, and marks a significant step in Volatus’s financial strategy, potentially enhancing its market position and providing capital for future growth initiatives.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Spark’s Take on TSE:FLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.
The overall stock score is primarily influenced by weak financial performance and bearish technical indicators. The company’s negative profitability and valuation metrics, combined with bearish market momentum, contribute to a low score. Improving profitability and reversing bearish trends are essential for enhancing the stock’s attractiveness.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Volatus Aerospace Inc. is a company with extensive aviation expertise, offering innovative aerial solutions for intelligence, surveillance, and cargo through both piloted and remotely piloted aircraft (drones). The company provides a comprehensive ecosystem of aerial services, including operations, equipment sales, training, and mission support, aimed at integrating aerial capabilities safely, efficiently, and sustainably across various industries.
Average Trading Volume: 1,743,363
Technical Sentiment Signal: Buy
Current Market Cap: C$325.8M
For a thorough assessment of FLT stock, go to TipRanks’ Stock Analysis page.