Liberty Announces Closing of Final Tranche of LIFE Private Placement Raising a Total of $2.6 million

Core Viewpoint - Liberty Defense Holdings Ltd. has successfully closed a non-brokered private placement, raising approximately $2.61 million to support its growth phase and commercial sales of its advanced security technologies in 2026 [1][3]. Financing Details - The second tranche of the private placement consisted of 3,943,207 units priced at C$0.22 per unit, generating gross proceeds of approximately $867,505 [1]. - The total gross proceeds from both tranches of the offering amount to approximately $2.61 million [1]. - Each unit includes one common share and one warrant, with warrants exercisable at C$0.30 per share from March 17, 2026, until January 15, 2027 [2]. Use of Proceeds - The proceeds from the financing will be utilized to enhance the production of HEXWAVE technology to meet increasing demand and fulfill customer backlog [6]. Company Growth and Technology - The company is entering a pivotal growth phase with both HEXWAVE and High-Definition Advanced Imaging Technology (HD-AIT) fully developed, anticipating commercial sales in 2026 [3]. - Liberty provides multi-technology security solutions for concealed weapons detection in high-traffic areas, with a focus on enhancing security in locations such as airports and schools [8][9].