LIBERTY DEFENSE HOLDINGS, LTD.

Liberty Defense Holdings, Ltd. expressed confidence in its future, highlighting its strong leadership team and clear strategic direction. The company is focused on building momentum in the security and detection market and remains committed to delivering value to customers and advancing its long-term business objectives. Liberty Defense provides multi-technology security solutions, including its HEXWAVE product licensed from MIT and recently licensed HD-AIT body and shoe scanner technologies.

Liberty Defense Holdings Ltd. announced that Bryan Cunningham, President, departed the company effective July 22, 2026, to return to his privacy and advocacy work. CEO Bill Frain expressed appreciation for Cunningham's contributions. The company stated it does not plan to immediately fill the President position, with the leadership team remaining focused on strategic priorities and delivering value.

Liberty Defense Holdings Ltd. announced the closing of a shares for debt transaction, issuing 23,306 common shares at a deemed price of $4.55 per share. This action settled an aggregate of CAD$117,000 of indebtedness related to the company's U.S. IPO and Nasdaq listing. The issued shares are subject to a statutory hold period.

Liberty Defense Holdings Ltd. announced the issuance of 23,306 common shares at a deemed price of $4.55 per share. This action was taken to settle an aggregate indebtedness of CAD$117,000 with a service provider. The debt was related to accounts payable incurred during the company's U.S. IPO and Nasdaq listing, and is now extinguished.

Liberty Defense Holdings Ltd. announced its HEXWAVE™ system was selected for deployment at a major international airport in the United States for aviation worker screening. This expands the company's aviation footprint, enhancing security and efficiency at an airport serving over 30 million passengers annually. The AI-powered HEXWAVE™ technology detects concealed threats including explosives and 3D-printed weapons. Additionally, CEO Bill Frain will participate in Maxim Group's Defense Tech Virtual Conference.

Liberty Defense Holdings Ltd. announced that its HEXWAVE system has been selected for deployment at a major international airport in the United States. This deployment will enhance security programs for aviation worker screening, supporting evolving TSA requirements at an airport serving over 30 million passengers annually. The HEXWAVE system utilizes advanced millimeter wave technology, 3D imaging, and AI for fast, contactless detection of concealed weapons and threats. Additionally, CEO Bill Frain will participate in a webcast fireside chat at Maxim Group’s Defense Tech Virtual Conference.

Liberty Defense Holdings, Ltd. reported a net loss of $2.72 million for the first quarter of 2026, an improvement from the $3.78 million loss in the prior year period. However, the company's cash balance significantly declined to $22,409, and its shareholders' deficiency increased to $4.50 million. Management explicitly stated that the company's ability to continue as a going concern is contingent on obtaining additional financing, indicating material uncertainty. Total revenue for the quarter decreased to $919,421.

Liberty Defense Holdings Ltd. announced the deployment of its HEXWAVE™ systems at LaGuardia Airport’s Terminal B, marking a significant expansion into the aviation sector. These AI-based detection solutions aim to modernize employee screening with continuous, contactless security. Additionally, the company entered into a debt settlement agreement to resolve CAD$117,000 in outstanding debt by issuing 23,306 common shares at CAD$5.02 per share and paying CAD$350,000 in cash, a move intended to preserve cash for ongoing operations.

Liberty Defense Holdings, Ltd. reported a significant increase in net loss for the year ended December 31, 2025, reaching $(14.1) million, compared to $(8.8) million in 2024. Total revenue declined by 38.5% to $1.5 million, and cash used in operating activities rose to $(11.3) million. The company issued a going concern warning due to these financial challenges, although it subsequently raised $20 million through an IPO to support operations for the next twelve months. Additionally, the company announced key management changes, including the appointment of Bryan Cunningham as President and Jason Burinescu as Executive Chairman.

Liberty Defense Holdings Ltd. announced the appointment of Will Hamilton to its Board of Directors. Mr. Hamilton brings over two decades of experience in equity research and portfolio management, with a strong focus on small-cap companies and public market investing. CEO Bill Frain highlighted Mr. Hamilton's deep public markets expertise as a valuable asset during the company's growth phase, aiming to strengthen the Board and deliver long-term shareholder value.