WILMINGTON, Mass., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV:SCAN, OTCQB:LDDFF, FSE:E30)), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it is undertaking a non-brokered private placement of a minimum of 12,000,000 units (the "Units") and up to a maximum of 20,000,000 Units of the Company at a price of C$0.26 per Unit for gross proceeds to the Company of a minimum of approximately C$3,120,000 up to a maximum of approximately $5,200,000 (the "Offering").
"Following a breakout year for our technologies and a growing backlog, Liberty Defense is launching this latest financing to ensure we can advance our strategic plan and scale to meet rising demand. We remain committed to delivering value through ongoing innovation and next-generation solutions as we continue to gain recognition as a leader in the security and detection market. We sincerely thank our shareholders for their continued confidence and support as we head into 2026," commented Bill Frain, CEO.
Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a "Warrant Share") at an exercise price of C$0.35 per Warrant Share from the date that is 61 days after the closing date of the Offering until the date that is 24 months following the date of closing of the Offering. The Warrants will be subject to ten percent (10%) blocker provision that restricts the exercise of any Warrants in the event that such exercise would result in the applicable securityholder holding ten percent (10%) or more of the issued and outstanding Common Shares at such time.
The Warrants are subject to an accelerated expiry if, any time after the date that is 61 days following the closing date of the Offering, the closing price of the Common Shares on the TSX Venture Exchange ("TSXV"), or such other market as the Common Shares may trade from time to time, is or exceeds $0.75 for any five (5) consecutive trading days, in which event the holders of the Warrant may, at the Company's election, be given notice and the Company will issue a press release announcing that the Warrants will expire 5 days following the date of such press release. The Warrants may be exercised by the holder of the Warrant during the 5-day period between the date of the press release announcing the accelerated expiry date and the expiration of the Warrants.
The Offering is being completed pursuant to the listed issuer financing exemption ...
