Liberty Announces Closing of Initial Tranche of Listed Issuer Financing Exemption (LIFE) Offering

Core Viewpoint - Liberty Defense Holdings Ltd. has successfully closed the first tranche of a non-brokered private placement, raising approximately $1.75 million to support the production of its HEXWAVE technology and meet increasing demand for its products [1][4]. Group 1: Offering Details - The private placement consists of 7,941,671 units priced at $0.22 per unit, resulting in gross proceeds of about $1,747,167 [1]. - Each unit includes one common share and one warrant, allowing the holder to purchase an additional common share at $0.30 from March 2, 2026, until December 31, 2027 [2]. - The offering was completed under the listed issuer financing exemption, meaning the securities are not subject to a hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - The funds raised will be utilized to enhance the production of HEXWAVE technology, addressing the growing demand and fulfilling existing customer orders [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 from MIT for its HEXWAVE product, which offers advanced detection capabilities for both metallic and non-metallic threats [6].