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Liberty Announces Closing of Initial Tranche of Listed Issuer Financing Exemption (LIFE) Offering
Globenewswire· 2025-12-31 21:30
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].
Liberty Announces Upsize to C$4.4 Million of Equity Financing Due to Demand
Globenewswire· 2025-07-17 15:41
Core Viewpoint - Liberty Defense Holdings Ltd. is increasing its non-brokered equity financing to raise a maximum of C$4.4 million by offering 20 million units at C$0.22 per unit [1][3]. Financing Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.35 [2]. - The offering is conducted under the Listed Issuer Financing Exemption, allowing for immediate resale of the units without a hold period [3]. - The company may pay a finder's fee of up to 6.0% of the gross proceeds and issue non-transferable warrants equal to 6.0% of the units issued [4]. Use of Proceeds - Proceeds from the offering will be allocated for purchasing inventory for HEXWAVE technology production, investor relations, marketing initiatives, operating expenses, and general working capital [5]. Closing Timeline - The offering is scheduled to close on or about July 22, 2025, subject to receiving a minimum of C$2,500,000 in subscriptions and necessary approvals [6]. Company Overview - Liberty provides advanced security solutions for concealed weapons detection in high-traffic areas, with products like HEXWAVE and other imaging technologies licensed from MIT [8][9].