Drone Delivery Canada (TSE:FLT) has released an update.
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Drone Delivery Canada and Volatus Aerospace Corp. have announced a ‘merger of equals’ to form a global drone technology and services leader named Volatus Aerospace Corp. The merger is expected to drive immediate commercialization efforts, enhance shareholder value, and create a financially robust enterprise with a clear path to profitability by 2025. The deal, set to close in Q3 2024, will evenly split ownership between the shareholders of both companies.
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