InvestmentApr 24, 2026, 08:30 AM
Liberty Defense Closes IPO, Raises $20M; Begins Nasdaq Trading
AI Summary
Liberty Defense Holdings Ltd. announced the closing of its initial public offering in the U.S., raising approximately $20 million in gross proceeds. The offering included 3,673,638 common shares at $4.50 per share and 770,807 pre-funded warrants at $4.4999 each. The company's common shares commenced trading on the Nasdaq Capital Market under the symbol "DETX" on April 22, 2026, while ceasing trading on the OTCQB® Venture Market.
Key Highlights
- Closed IPO of 3,673,638 common shares at $4.50 per share.
- Issued 770,807 pre-funded warrants at $4.4999 each.
- Gross proceeds from the offering were approximately $20 million.
- Granted underwriters a 30-day option for up to 666,666 additional shares.
- Common shares began trading on Nasdaq Capital Market on April 22, 2026.
Price Impact
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