Liberty Announces Closing of Listed Issuer Financing Exemption (LIFE) Private Placement of Units

Core Viewpoint - Liberty Defense Holdings Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of C$4.4 million through the issuance of 20 million units at C$0.22 per unit, which will support the deployment of its HEXWAVE technology and the rollout of its HD-AIT system later this year [1][3]. Group 1: Offering Details - The private placement consists of 20 million units, each comprising one common share and one common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$0.35, valid from September 27, 2025, until July 28, 2026 [2]. Group 2: Financial Implications - The offering generated gross proceeds of C$4.4 million, indicating strong investor demand and confidence in the company's vision and progress [1][3]. - A cash commission of C$158,393.99 was paid to finders, along with the issuance of 719,973 non-transferrable warrants [4]. Group 3: Company Overview - Liberty Defense Holdings Ltd. specializes in AI-based detection solutions for concealed weapons, targeting high-traffic areas requiring enhanced security, such as airports and schools [6]. - The company has secured an exclusive license for its HEXWAVE product from the Massachusetts Institute of Technology (MIT) and has also licensed millimeter wave-based HD-AIT technologies [6].