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Liberty Announces C$3.75 Million Private Placement of Units
Globenewswire· 2025-07-08 12:01
Core Viewpoint - Liberty Defense Holdings Ltd. is initiating a non-brokered private placement to raise between approximately C$2,500,000 and C$3,750,000 through the issuance of units priced at C$0.22 each [1][3]. Group 1: Offering Details - The offering consists of a minimum of 11,363,636 units and a maximum of 17,045,454 units, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$0.35, valid for 12 months post-closing [2]. - The offering is conducted under the LIFE Exemption, allowing for immediate resale of the units without a hold period [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for purchasing inventory to enhance the production of HEXWAVE technology units, investor relations, marketing initiatives, operating expenses, and general working capital [5]. Group 3: Closing and Conditions - The offering is expected to close around July 22, 2025, contingent upon receiving subscriptions for at least C$2,500,000 and necessary approvals [6]. Group 4: Company Overview - Liberty Defense Holdings Ltd. specializes in AI-based detection solutions for concealed weapons, with products designed for high-traffic areas requiring enhanced security [10]. - The company has secured exclusive licensing for its HEXWAVE product from MIT, which utilizes advanced 3D radar imaging technology [10].
Liberty Defense has Appointed the Honorable Thomas Monheim, Former Inspector General for the US Intelligence Community & Current Executive Director, Global Compliance Investigations and Ombuds, for GE Aerospace, to its Newly Formed Strategic Advisory Board
Globenewswire· 2025-06-25 11:44
Core Insights - Liberty Defense Holdings Ltd. has established a new Strategic Advisory Board to enhance its focus on scaling AI-based detection solutions for concealed weapons and threats [1] - The board includes Thomas Monheim, a former Inspector General for the US Intelligence Community, who brings over three decades of experience in national security [2][4] - The company aims to improve security detection in various high-traffic areas, including airports, schools, and public venues, leveraging advanced technologies [5] Company Overview - Liberty Defense specializes in multi-technology security solutions for concealed weapons detection, particularly in high-volume foot traffic areas [5] - The company has secured an exclusive license for its HEXWAVE product from the Massachusetts Institute of Technology (MIT), which utilizes active 3D radar imaging technology [5] - Liberty has also licensed millimeter wave-based High-Definition Advanced Imaging Technology (HD-AIT) body scanners and shoe scanners to enhance its technology portfolio [5] Leadership and Expertise - Thomas Monheim has held significant roles in various government agencies, including the National Geospatial-Intelligence Agency and the Department of Justice, and has received multiple distinguished service awards [2][4] - His appointment is expected to provide strategic vision and leadership to Liberty Defense as it seeks to enhance security measures [4]