Liberty Defense Finalizes 20 Million Unit Financing Round
Liberty Defense Closes Significant Private Placement Financing
WILMINGTON, Mass. — Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, Frankfurt: E30) today announced the completion of a non-brokered private placement, raising a substantial amount of capital to support its ongoing development of advanced security solutions.
Closing of the Financing Round
The Company successfully closed the private placement of 20 million units priced at C$0.22 per unit, generating gross proceeds of $4.4 million. This financing round, previously announced, showcases the robust interest from investors in Liberty’s innovative technology.
Details of the Offering
Each unit in the offering comprises one common share and a corresponding common share purchase warrant. The warrants grant investors the option to purchase additional shares at C$0.35 per share, which can be exercised from September 27, 2025, until July 28, 2026. This strategic financing will empower Liberty to further advance its HEXWAVE technology for concealed weapons detection, particularly in environments with high foot traffic.
CEO's Statement on the Offering
Bill Frain, CEO of Liberty, expressed gratitude for the investor support and highlighted the importance of this financing for the Company’s growth trajectory. He noted that the funds will help accelerate the rollout of HEXWAVE technology into public spaces and position the Company for new opportunities with the upcoming launch of its High-Definition Advanced Imaging Technology (HD-AIT) system later this year. Frain is optimistic about the Company’s momentum as it progresses through 2025.
Use of Proceeds and Future Plans
The funds raised through this offering are expected to be crucial for the continued development of Liberty’s advanced security solutions. With a focus on markets requiring heightened security measures, including airports, schools, and stadiums, Liberty is dedicated to creating a secure environment for communities by enhancing their detection capabilities.
Compensation for Finders
As part of this financing arrangement, the Company compensated certain finders with cash commissions totaling C$158,393.99 in addition to issuing 719,973 warrants as part of the agreement.
Details on Security Issuance
It's important to note that the securities issued under this financing have not been, and will not be, registered under U.S. Securities laws. As such, these securities cannot be offered or sold within the United States unless appropriately registered or exempt from the registration requirements. This highlights the selective nature of the financing and the strategic frameworks under which the Company operates.
An Insight into Liberty's Technology
Liberty Defense is pioneering technology solutions for detecting concealed weapons, focusing on discrete, scalable, and effective methods that enhance public safety. Their HEXWAVE product, which is licensed from the prestigious Massachusetts Institute of Technology, implements advanced 3D radar imaging technology, providing superior detection capabilities for various types of weapons in crowded environments.
Commitment to Security
As crime and security concerns continue to rise globally, Liberty is dedicated to protecting communities and ensuring peace of mind through their superior detection solutions. The Company’s commitment to innovation and technology is evident in its licensing of the latest imaging technology, which enhances security without compromising public convenience.
Company's Future Outlook and Strategic Vision
With the closing of this financing round, Liberty Defense Holdings Ltd. is well-positioned for future growth and expansion. The funds will be instrumental in accelerating technological advancements and broadening the Company’s operational scope. Liberty is poised to address the increasing demand for reliable security solutions tailored for high-volume venues, ensuring a safer atmosphere for everyone.
Contact Information
For additional inquiries about Liberty Defense, please reach out to:
Jay Adelaar, Senior VP of Capital Markets
Email: jay@libertydefense.com
Tel: 604-809-2500
Frequently Asked Questions
1. What was the total amount raised in Liberty's financing?
Liberty raised a total of C$4.4 million through its recent private placement.
2. What does each unit in the offering include?
Each unit consists of one common share and a common share purchase warrant.
3. When can investors exercise their warrants?
The warrants can be exercised starting from September 27, 2025, until July 28, 2026.
4. How does Liberty's technology enhance security?
Liberty employs advanced radar technology to provide scalable solutions for detecting both metallic and non-metallic objects in crowded environments.
5. Who should potential investors contact for more information?
Interested investors can contact Jay Adelaar at Liberty Defense for further details.
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