DEFSEC Technologies prices CAD$6.8 million public offering

DEFSEC Technologies Inc. (NASDAQ: DFSC) announced the pricing of a public offering of 759,879 common shares at CAD$8.955 per share, along with warrants to purchase an additional 759,879 shares.

The warrants carry an exercise price of CAD$10.52 per share, are exercisable immediately upon issuance, and expire five years from the issuance date. The offering is expected to close on July 25, 2025, subject to customary closing conditions.

H.C. Wainwright & Co. serves as the exclusive placement agent for the offering. The company expects gross proceeds of approximately CAD$6.8 million before deducting placement agent fees and other expenses.

DEFSEC stated it intends to use net proceeds for working capital and general corporate purposes. The Ottawa-based company develops tactical systems for military and security forces, including digitization technology for real-time situational awareness and countermeasures against electronic threats.

The securities are being offered under a registration statement on Form F-1 that was declared effective by the Securities and Exchange Commission on July 23, 2025. The offering remains subject to approval from the TSX Venture Exchange.

DEFSEC trades on multiple exchanges including NASDAQ, TSX Venture Exchange, and Frankfurt Stock Exchange under various ticker symbols including DFSC and related warrant symbols.

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