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Liberty Announces Closing of Final Tranche of LIFE Private Placement Raising a Total of $2.6 million
Globenewswire· 2026-01-15 22:09
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].
Liberty to Participate in Lytham Partners Investor Conference
Globenewswire· 2025-05-28 12:01
Company Overview - Liberty Defense Holdings Ltd. is a technology provider specializing in AI-based detection solutions for concealed weapons and threats [1][4] - The company has developed the HEXWAVE product, which offers modular and scalable protection for high-traffic areas such as airports and stadiums [4] Upcoming Events - CEO Bill Frain will participate in the Lytham Partners Investor Conference on May 29, 2025, and will hold one-on-one meetings with institutional investors [1][2] - A live webcast of the presentation will be available at 4:15 PM ET on the same day [2] Technology Demonstration - Liberty Defense will showcase its HEXWAVE scanning technology at the American Association of Airport Executives (AAAE) event from June 8-10, 2025, in Atlanta, GA [2] - The HEXWAVE technology is already deployed at several U.S. airports and meets the upcoming TSA regulatory requirements for employee screening by April 2026 [2] Marketing Campaign - The company has engaged Native Ads for a marketing campaign with a total retainer of up to CA$200,000, focusing on digital media advertising [2] - The campaign budget allocation includes 75% for costs per click and media buying, and 25% for content creation and optimization [2]