Group 1 - KWESST Micro Systems Inc. announced the closing of a public offering of 3,889,000 common shares at a price of US$0.90 per share, generating gross proceeds of approximately US$3,500,000 before fees [1][2] - The placement agent, ThinkEquity, received placement agent fees totaling US$262,508, which is 7.5% of the public offering price, along with 194,450 common share purchase warrants with an exercise price of US$1.125 per share [1][2] - The company plans to allocate approximately half of the net proceeds for product and business development related to its tactical systems and the other half for working capital and general corporate purposes [1] Group 2 - KWESST develops next-generation tactical systems for military and security forces, including products for real-time situational awareness and countermeasures against various threats [5] - The company is headquartered in Ottawa, Canada, with additional operations in Guelph, Ontario, and Youngsville, North Carolina, as well as offices in London, UK, and Abu Dhabi, UAE [5]
KWESST Micro Systems Inc. Announces Closing of Public Offering