One-time non-cash accounting adjustment related to the restructuring of the Company’s balance sheet No impact on the Company’s revenue, gross margin, or cash position during the period Toronto, Ontario–(Newsfile Corp. – November 3, 2025) – Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (FSE: ABB) (the “Company”), a Canadian leader in aerial intelligence and cargo solutions, today announced that it has restated its financial statements and management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2025. The restatement reflects a non-cash, one-time accounting adjustment of $2,231,202 related to the restructuring of the Company’s balance sheet, as previously announced on May 22, 2025 and April 11, 2025, and the modification and retirement of certain debt instruments.
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Brief Summary
Volatus Aerospace Inc. has announced a restatement of their Q2 2025 financial results involving a one-time non-cash accounting adjustment. The adjustment totals **$2,231,202** and relates to the restructuring of the Company’s balance sheet.
- No impact on revenue
- No changes in gross margin
- No effect on cash position
Why it matters: This restatement highlights Volatus Aerospace’s commitment to transparency in financial reporting, ensuring investors are informed about significant adjustments that could affect future performance.
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