Liberty Announces up to $5.2m Life Financing
Globenewswire·2025-12-02 13:02

Core Viewpoint - Liberty Defense Holdings Ltd. is initiating a non-brokered private placement to raise between approximately C$3,120,000 and C$5,200,000 to support its strategic plan and meet increasing demand for its AI-based detection solutions for concealed weapons and threats [1][2]. Financing Details - The private placement will consist of a minimum of 12,000,000 units and up to a maximum of 20,000,000 units, priced at C$0.26 per unit [1]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.35 [3][4]. - The offering is expected to close on or about December 19, 2025, subject to receiving subscriptions for the minimum amount and necessary approvals [8]. Use of Proceeds - Proceeds from the offering will be allocated to purchasing inventory for HEXWAVE technology production, investor relations, marketing initiatives, operating expenses, and general working capital [7]. Company Overview - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas, with products like HEXWAVE, which utilizes active 3D radar imaging technology [11]. - The company has secured exclusive licenses from MIT for its technologies, enhancing its capabilities in the security and detection market [11].