Defsec closes $6.8-million public offering

Mr. Sean Homuth reports DEFSEC TECHNOLOGIES INC. ANNOUNCES CLOSING OF CAD$6.8 MILLION PUBLIC OFFERING Defsec Technologies Inc. has closed its previously announced public offering of 759,879 common shares of the company (or prefinanced warrants in lieu thereof), together with common share purchase warrants to purchase up to 759,879 common shares, at a combined public offering price of $8.955 per share (or prefinanced warrant in lieu thereof) and accompanying warrant. The warrants have an exercise price of $10.52 per share, are exercisable upon issuance and will expire five years following the date of issuance. H.C. Wainwright & Co. LLC acted as the exclusive placement agent for the offering. The gross proceeds to the company from the offering were approximately $6.8-million before deducting placement agent fees and other offering expenses payable by the company. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. In connection with the offering, Defsec paid a cash fee to the placement agent in an amount of $510,354 and issued to the placement agent or its designees 56,991 placement agent's warrants entitling the holder to acquire one common share of Defsec for a period of five years from the commencement of sales of the offering at an exercise price of $11.1938 per common share. The securities described above were offered pursuant to a registration statement on Form F-1 (file No. 333-288827), which was declared effective by the Securities and Exchange Commission on July 23, 2025. The offering was made only by means of a prospectus forming part of the effective registration statement relating to the offering. A final prospectus relating to the offering has been filed with the SEC. Electronic copies of the final prospectus may be obtained on the SEC's website and may also be obtained by contacting H.C. Wainwright & Co. at 430 Park Ave., third floor, New York, N.Y., 10022, by phone at 212-856-5711 or by e-mail at [email protected]. About Defsec Technologies Inc. Defsec develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other Defsec products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with original equipment manufacturer products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary non-lethal product line branded Para Ops with applications across all segments of the non-lethal market, including law enforcement. The company is headquartered in Ottawa, Canada, with representative offices in London, United Kingdom, and Abu Dhabi, United Arab Emirates. We seek Safe Harbor.