DEFSEC Technologies Inc. Announces Closing of CAD$6.8 Million Public Offering

Company Overview - DEFSEC Technologies Inc. specializes in developing and commercializing next-generation tactical systems for military and security forces, including real-time shared situational awareness and targeting information systems [6] - The company offers products that counter threats such as electronic detection, lasers, and drones, and has a proprietary non-lethal product line branded PARA OPS, applicable across various non-lethal market segments [6] Recent Offering - DEFSEC announced the closing of a public offering of 759,879 common shares at a combined public offering price of CAD$8.955 per share, with accompanying warrants to purchase the same number of shares [1] - The gross proceeds from the offering were approximately CAD$6.8 million before deducting fees and expenses [2] - The company intends to use the net proceeds for working capital and general corporate purposes [2] Placement Agent and Fees - H.C. Wainwright & Co. acted as the exclusive placement agent for the offering, receiving a cash fee of CAD$510,354 and 56,991 placement agent's warrants [2][3] - The placement agent's warrants allow the holder to acquire one common share at an exercise price of CAD$11.1938 for a period of five years [3] Regulatory Compliance - The securities were offered under a registration statement on Form F-1, which was declared effective by the SEC on July 23, 2025 [4] - A final prospectus related to the offering has been filed with the SEC, and electronic copies are available on the SEC's website [4] Market Position - DEFSEC is headquartered in Ottawa, Canada, with representative offices in London, UK, and Abu Dhabi, UAE, indicating a strategic international presence [6]