InvestmentJun 25, 2026, 08:07 AM
DEFSEC Technologies Announces CAD$2.5M Registered Direct Offering
AI Summary
DEFSEC Technologies Inc. announced a registered direct offering to raise approximately CAD$2.5 million in gross proceeds. The offering involves the sale of 673,006 common shares at CAD$3.74 per share, alongside a concurrent private placement of unregistered warrants to purchase an equal number of common shares at an exercise price of CAD$4.39. The company intends to use the net proceeds for working capital and general corporate purposes, with H.C. Wainwright & Co. serving as the exclusive placement agent.
Key Highlights
- DEFSEC Technologies announced a CAD$2.5 million registered direct offering.
- The offering includes the sale of 673,006 common shares at CAD$3.74 (US$2.63) per share.
- A concurrent private placement will issue unregistered warrants to purchase up to 673,006 common shares.
- Warrants will have an exercise price of CAD$4.39 per share and expire in five years.
- Gross proceeds are expected to be CAD$2.5 million before fees.
- Net proceeds will be used for working capital and general corporate purposes.
- H.C. Wainwright & Co. is acting as the exclusive placement agent.
- The offering is expected to close on or about June 26, 2026, subject to customary conditions and TSX Venture Exchange approval.
Price Impact
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