DEFSEC Technologies Targets CAD$5.54 Million in Private Placement
Ottawa-based defense contractor DEFSEC Technologies is set to raise approximately CAD$5.54 million through a private placement of common shares and pre-funded warrants. The offering, managed by H.C. Wainwright & Co., aims to bolster the company’s capital reserves for market development and intellectual property initiatives.
The company plans to issue 1,951,219 common shares or pre-funded warrants at a purchase price of CAD$2.84 per unit. Each unit includes a common warrant, exercisable at CAD$3.30 per share for a five-year period. Pre-funded warrants carry a nominal exercise price of CAD$0.001.
DEFSEC, which specializes in tactical military systems and less-lethal technologies like the PARA SHOT line, expects the transaction to conclude around August 18, 2026, pending TSX Venture Exchange approval. While the securities remain unregistered under the U.S. Securities Act, the company has committed to filing registration statements to facilitate future resales for investors.
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