Liberty Defense files registration for US IPO, seeks Nasdaq listing

Liberty Defense Holdings, Ltd. (TSXV: SCAN, OTCQB: LDDFF, FSE: E30) filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common shares in the United States.

The security technology company has applied to list its common shares on the Nasdaq Capital Market. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

The Benchmark Company, LLC is acting as sole bookrunning manager for the proposed offering. The company stated the offering is subject to market conditions and the completion of the SEC's review process.

Liberty Defense develops security solutions for concealed weapons detection in high-traffic areas including airports, stadiums and schools. The company holds an exclusive license from Massachusetts Institute of Technology for its HEXWAVE product, which uses active 3D radar imaging technology for metallic and non-metallic weapons detection.

The registration statement has been filed with the SEC but has not yet become effective. The securities may not be sold until the registration statement becomes effective, according to the company's statement.

Liberty Defense currently trades on the TSX Venture Exchange under the symbol SCAN, on the OTCQB market as LDDFF, and on the Frankfurt Stock Exchange as E30.

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