Liberty Defense Commences Normal Course Issuer Bid to Buy Back Up-to 9.9% of the Publically Traded Float

Core Viewpoint - Liberty Defense Holdings Ltd. intends to initiate a normal course issuer bid (NCIB) to repurchase its common shares, which has been approved by its board of directors and conditionally by the TSX Venture Exchange [1][2]. Group 1: NCIB Details - The company plans to buy up to 5,142,844 shares, representing approximately 10% of its public float, which consists of shares held by non-insiders [2]. - As of May 30, 2025, there are 51,976,722 issued and outstanding shares, with 548,281 shares held by insiders [2]. - The NCIB will commence on June 5, 2025, and will remain open until June 4, 2026, or until completed or terminated by the company [2]. Group 2: Purchase Mechanism - Shares will be purchased at market price plus brokerage fees, and all transactions will occur on the open market through the TSXV [3]. - The company may not acquire more than 2% of its issued and outstanding shares in any 30-day period [2]. Group 3: Rationale for NCIB - The board believes that the market price of the shares may not fully reflect the underlying value of the business, making share repurchase an appropriate use of corporate funds [4]. - Research Capital Corporation has been engaged as the broker to facilitate the share purchases under the NCIB [4]. Group 4: Company Overview - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas such as airports and schools [6]. - The company’s HEXWAVE product, licensed from MIT, offers modular and scalable protection for detecting both metallic and non-metallic weapons [6]. - Liberty has also licensed advanced imaging technologies, including millimeter wave-based body scanners [6].