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Drone Delivery Canada ( (TSE:FLT) ) has shared an announcement.
Volatus Aerospace Inc. is offering up to 19,230,770 units, each consisting of one common voting share and a half warrant, at a subscription price of $0.52 per unit. This offering aims to raise approximately $10 million, with the units being listed on the TSX Venture Exchange, OTCQX, and Frankfurt Stock Exchange. The offering is expected to close by July 16, 2025, and provides an opportunity for investors to acquire shares and warrants in a company with a focus on aerospace technology.
Spark’s Take on TSE:FLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.
The overall stock score reflects financial challenges and valuation concerns as major drawbacks. Positive technical indicators and strategic advancements in operations and partnerships provide some optimism, but the negative P/E ratio and overbought technical conditions weigh heavily on the score.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Average Trading Volume: 1,454,606
Technical Sentiment Signal: Buy
Current Market Cap: C$185.6M
Learn more about FLT stock on TipRanks’ Stock Analysis page.