Volatus Aerospace Corp (TSE:VOL) has released an update.
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Drone Delivery Canada and Volatus Aerospace Corp have successfully completed their merger, with Volatus becoming a wholly-owned subsidiary of Drone Delivery Canada. The merged entity, to be renamed Volatus Aerospace Inc., aims to leverage the commercialization skills of Volatus and the logistical technology of Drone Delivery Canada. Shareholders of both companies now own approximately 50% each of the newly formed company, and trading under the new company name is expected to begin on September 5, 2024.
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