Liberty Defense closes $1.7M first tranche of placement

Executive Summary

• Liberty Defense Holdings Ltd. has closed the first tranche of its Listed Issuer Financing Exemption (LIFE) offering, raising approximately $1.75 million.
• The company issued 7,941,671 units at 22 cents per unit, with proceeds designated to support Hexwave technology production and fulfill customer backlog.
• The transaction involved finder’s fees and warrant issuances, with no hold period on the securities under Canadian securities laws.

Key Details

• Transaction Structure: Closed first tranche of non-brokered private placement under Listed Issuer Financing Exemption (LIFE).
• Units Issued: 7,941,671 units.
• Price: 22 cents per unit.
• Gross Proceeds: Approximately $1,747,167.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Entitles holder to purchase one common share.
  • Exercise Price: 30 cents per share.
  • Exercise Period: March 2, 2026, to December 31, 2027.
• Finder’s Compensation:
  • Cash Commission: $78,136 paid to certain finders.
  • Warrants Issued: 356,162 non-transferable warrants.
  • Finder Warrant Terms: Exercisable at any time until December 31, 2027, to acquire one common share at an exercise price of 30 cents (subject to adjustment).
• Regulatory Status: Securities are not subject to a hold period under applicable Canadian securities laws (National Instrument 45-106 / Coordinated Blanket Order 45-935).
• Use of Proceeds: Further production of Hexwave technology to support increased demand and deliver units in backlog to customers.
• Prior Announcements: Previously announced on December 2, 2025, and December 12, 2025.

Notable Quotes

• None provided in the text.