Core Insights - DEFSEC Technologies Inc. has voluntarily filed restated unaudited condensed consolidated interim financial statements for the three and nine months ended June 30, 2025 and 2024 due to errors identified in the initial measurement of right-of-use assets and lease liabilities [1][2] - The restated financial statements do not affect the interim statements of net loss, comprehensive loss, changes in shareholders' equity, or cash flows, but result in an increase in working capital by $0.2 million as of June 30, 2025 [2] Company Overview - DEFSEC develops and commercializes next-generation tactical systems for military and security forces, including digitization of tactical forces for real-time situational awareness and targeting information [3] - The company's product portfolio includes countermeasures against electronic detection, lasers, and drones, and features a proprietary non-lethal product line branded PARA SHOTTM [3]

Core Viewpoint - DEFSEC Technologies Inc. has appointed Niel Marotta to its board, enhancing its leadership team as the company anticipates continued revenue growth in fiscal 2026 [2][3]. Company Developments - Niel Marotta's appointment is effective January 23, 2026, and he brings significant capital markets experience, having previously managed over $1 billion at Fidelity Management and Research Company [2]. - The company will hold an amended annual and special meeting of shareholders on February 19, 2026, to reflect the addition of Marotta and increase the board size from six to seven directors [3][4]. Financial and Operational Outlook - Fiscal 2025 was marked by strong revenue growth, and the company expects this momentum to continue into fiscal 2026, indicating a strategic move to bolster its board with experienced talent [3]. - The amended management information circular will ensure that previously submitted proxies remain valid while allowing shareholders to vote on the new board structure and Marotta's election [5]. Company Profile - DEFSEC Technologies develops next-generation tactical systems for military and security forces, focusing on real-time situational awareness and countermeasures against various threats [6]. - The company is headquartered in Ottawa, Canada, and has a representative office in London, UK, indicating its international presence in the defense sector [6].

Core Viewpoint - DEFSEC Technologies Inc. has announced a registered direct offering of 566,040 common shares at a price of CAD$3.64 (US$2.65) per share, along with a concurrent private placement of unregistered warrants [1][2] Group 1: Offering Details - The gross proceeds from the offering are expected to be CAD$2.1 million before deducting fees and expenses [2] - The unregistered warrants will allow the purchase of up to 566,040 common shares at an exercise price of CAD$4.27 per share, immediately exercisable and expiring five years after issuance [1][2] - The offering is subject to customary closing conditions and is expected to close on or about December 18, 2025 [1] Group 2: Regulatory Information - The common shares are being offered under a "shelf" registration statement filed with the SEC, effective since March 4, 2024 [3] - The unregistered warrants are offered in a private placement under Section 4(a)(2) of the Securities Act, and have not been registered under the Securities Act or applicable state laws [4] Group 3: Company Overview - DEFSEC develops and commercializes next-generation tactical systems for military and security forces, including real-time situational awareness and targeting information systems [6] - The company also offers countermeasures against various threats and has a proprietary non-lethal product line branded PARA SHOTTM [6]

Core Viewpoint - KWESST Micro Systems Inc. is implementing a share consolidation of 21 pre-consolidation shares for each post-consolidation share, subject to final approval from the TSX Venture Exchange [1][4]. Group 1: Share Consolidation Details - The consolidation will take effect at 12:01 a.m. Eastern Daylight Time on April 23, 2025, for Nasdaq and on April 24, 2025, for TSXV, with trading halted on April 23 and resuming on a consolidated basis on April 24 [2]. - The new CUSIP number for post-consolidation shares will be 501506802, and the new ISIN number will be CA5015068029 [2]. Group 2: Impact on Warrants - The consolidation will not affect the number of issued and outstanding share purchase warrants, but the number of shares issuable upon exercise will be reduced, requiring 210 warrants to purchase one post-consolidation share at an exercise price of US$1,050.00 [3]. Group 3: Rationale for Consolidation - The company believes the consolidation is in the best interests of shareholders to ensure compliance with Nasdaq's minimum bid price requirements [4]. Group 4: Company Overview - KWESST develops next-generation tactical systems for military and security forces, including real-time situational awareness and countermeasures against various threats [5].

Core Viewpoint - KWESST Micro Systems Inc. will consolidate its common shares at a ratio of 21 pre-consolidation shares for 1 post-consolidation share, effective April 23, 2025, to comply with Nasdaq's minimum bid price requirements [1][5][8]. Group 1: Share Consolidation Details - The consolidation was approved by shareholders on March 31, 2025, with a maximum ratio of 25 pre-consolidation shares for 1 post-consolidation share, but the Board decided on a 21:1 ratio [2]. - Currently, there are 11,137,638 shares issued and outstanding, which will reduce to approximately 530,363 shares post-consolidation [3]. - No fractional shares will be issued; fractions will be rounded to the nearest whole number [4]. Group 2: Purpose and Impact - The primary purpose of the consolidation is to increase the share price to meet Nasdaq's continued listing requirements [5][8]. - The consolidation will not affect the number of outstanding share purchase warrants, but the number of shares per warrant will be adjusted to 21 warrants for 1 post-consolidation share, with an increased exercise price of US$1,050.00 [7]. - The exercise price and number of shares for other convertible securities will also be proportionately adjusted [8]. Group 3: Company Overview - KWESST develops next-generation tactical systems for military and security forces, including digitization of tactical forces and countermeasures against various threats [9][10]. - The company is headquartered in Ottawa, Canada, with offices in London, UK, and Abu Dhabi, UAE [10].