Liberty Announces Upsize to C$4.4 Million of Equity Financing Due to Demand
Liberty Defense Holdings (OTCQB: LDDFF), a provider of AI-based detection solutions for concealed weapons, has announced an upsize to its previously announced non-brokered equity financing. The company is now offering up to 20 million Units at C$0.22 per Unit, aiming to raise maximum gross proceeds of C$4.4 million.
Each Unit consists of one common share and one purchase warrant exercisable at C$0.35 per share for 12 months following the closing date. The Offering includes a 10% blocker provision and is being conducted under the Listed Issuer Financing Exemption. The company plans to use proceeds for HEXWAVE technology unit production, marketing initiatives, and working capital. The Offering is expected to close around July 22, 2025, subject to minimum subscription of C$2.5 million and regulatory approvals.
Liberty Defense Holdings (OTCQB: LDDFF), fornitore di soluzioni di rilevamento basate su intelligenza artificiale per armi nascoste, ha annunciato un aumento dell'offerta nel suo precedente finanziamento azionario non intermediato. La società offre ora fino a 20 milioni di unità a C$0,22 per unità , con l'obiettivo di raccogliere un massimo di C$4,4 milioni di proventi lordi.
Ogni unità comprende una azione ordinaria e un warrant di acquisto esercitabile a C$0,35 per azione per 12 mesi dalla data di chiusura. L'offerta include una clausola di blocco del 10% ed è condotta sotto l'esenzione per finanziamenti da emittenti quotati. La società intende utilizzare i proventi per la produzione delle unità tecnologiche HEXWAVE, iniziative di marketing e capitale operativo. La chiusura dell'offerta è prevista intorno al 22 luglio 2025, soggetta a una sottoscrizione minima di C$2,5 milioni e alle approvazioni regolamentari.
Liberty Defense Holdings (OTCQB: LDDFF), proveedor de soluciones de detección basadas en IA para armas ocultas, ha anunciado un aumento en su financiamiento accionario no intermediado previamente anunciado. La compañÃa ofrece ahora hasta 20 millones de unidades a C$0.22 por unidad, con el objetivo de recaudar un máximo de C$4.4 millones en ingresos brutos.
Cada unidad consta de una acción común y un warrant de compra ejercitable a C$0.35 por acción durante 12 meses después de la fecha de cierre. La oferta incluye una cláusula bloqueadora del 10% y se realiza bajo la Exención de Financiamiento para Emisores Cotizados. La compañÃa planea usar los ingresos para la producción de unidades de tecnologÃa HEXWAVE, iniciativas de marketing y capital de trabajo. Se espera que la oferta cierre alrededor del 22 de julio de 2025, sujeta a una suscripción mÃnima de C$2.5 millones y aprobaciones regulatorias.
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Liberty Defense Holdings (OTCQB : LDDFF), fournisseur de solutions de détection basées sur l'IA pour les armes dissimulées, a annoncé une augmentation de son financement par actions non parrainé précédemment annoncé. La société propose désormais jusqu'à 20 millions d'unités à C$0,22 par unité, visant à lever un produit brut maximal de C$4,4 millions.
Chaque unité comprend une action ordinaire et un bon de souscription exerçable à C$0,35 par action pendant 12 mois suivant la date de clôture. L'offre inclut une disposition de blocage de 10 % et est réalisée dans le cadre de l'exemption de financement pour émetteurs cotés. La société prévoit d'utiliser les fonds pour la production des unités technologiques HEXWAVE, des initiatives marketing et le fonds de roulement. La clôture de l'offre est prévue aux alentours du 22 juillet 2025, sous réserve d'une souscription minimale de C$2,5 millions et des approbations réglementaires.
Liberty Defense Holdings (OTCQB: LDDFF), Anbieter von KI-basierten Erkennungslösungen für versteckte Waffen, hat eine Aufstockung seiner zuvor angekündigten nicht vermittelten Eigenkapitalfinanzierung bekannt gegeben. Das Unternehmen bietet nun bis zu 20 Millionen Einheiten zu je C$0,22 an, mit dem Ziel, maximale Bruttoerlöse von C$4,4 Millionen zu erzielen.
Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, der für 12 Monate nach dem Abschlussdatum zu C$0,35 pro Aktie ausgeübt werden kann. Das Angebot beinhaltet eine 10% Blocker-Klausel und wird unter der Ausnahme für börsennotierte Emittenten durchgeführt. Das Unternehmen plant, die Erlöse für die Produktion der HEXWAVE-Technologieeinheiten, Marketingmaßnahmen und Betriebskapital zu verwenden. Der Abschluss des Angebots wird voraussichtlich um den 22. Juli 2025 erfolgen, vorbehaltlich einer Mindestzeichnung von C$2,5 Millionen und behördlicher Genehmigungen.
- Increased offering size to C$4.4 million due to strong demand
- No hold period on Units issued under LIFE Exemption
- Proceeds will support production of HEXWAVE technology units
- Minimum subscription amount of C$2.5 million provides funding certainty
- Potential dilution for existing shareholders
- 10% blocker provision may limit warrant exercise flexibility
- Up to 6% finder's fee and warrants could increase dilution
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia and WILMINGTON, Mass., July 17, 2025 (GLOBE NEWSWIRE) -- (�Liberty� or the �Company�) (, , FSE:E30), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that further to its news release dated July 8, 2025 announcing a non-brokered equity financing under the Listed Issuer Financing Exemption of units of the Company (the �Units�), Liberty is upsizing the maximum number of Units for sale to 20 million Units at a price of C
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
The Offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 � Exemptions from Certain Conditions to the Listed Issuer Financing Exemption (the �LIFE Exemption�) to purchasers resident in each of the Provinces of Canada, except Quebec. The Units issued pursuant to the LIFE Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There will be an offering document related to the Offering that will be available under the Company's profile at www.sedarplus.ca and on the Company's website at: www.libertydefense.com. Prospective investors should read this offering document before making an investment decision.
Upon closing of the Offering, the Company may pay a (i) a finder’s fee equal to up to
The Company plans to use the proceeds of the Offering to purchase inventory to further the production of HEXWAVE technology units, investor relations and marketing initiatives, operating expenses and for general working capital purposes.
The Offering is still scheduled to close on or about July 22, 2025 (the �Closing Date�) and completion of the Offering is subject to certain conditions including, but not limited to, receiving subscriptions for the minimum amount of C
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
On Behalf of Liberty
Bill Frain
CEO & Director
About Liberty
Liberty (, , FSE:E30) provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Liberty’s HEXWAVE product, for which the Company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com
For further information about Liberty, please contact:
Jay Adelaar, Senior Vice President of Capital Markets
Email:
Tel: 604-809-2500
FORWARD-LOOKING STATEMENTS
When used in this press release, the words “estimate�, “project�, “belief�, “anticipate�, “intend�, “expect�, “plan�, “predict�, “may� or “should� and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, amongst others, the Company's ability to obtain subscriptions for the minimum amount of C
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
