DEFSEC Technologies Targets CAD$2.5 Million in Registered Direct Offering

The offering, expected to close on or about June 26, 2026, involves H.C. Wainwright & Co. acting as the exclusive placement agent. Beyond the common shares, the company is issuing unregistered warrants for an equal number of shares. These warrants carry an exercise price of CAD$4.39 and remain exercisable for five years from the date of issuance.

DEFSEC, which specializes in tactical systems including drone-integrated situational awareness and less-lethal munitions like its proprietary PARA SHOT line, plans to direct the net proceeds toward general corporate purposes. The issuance of the common shares is tied to a shelf registration statement previously declared effective by the U.S. Securities and Exchange Commission in March 2024. Conversely, the unregistered warrants are being offered under Section 4(a)(2) of the Securities Act, meaning they are not subject to the same registration requirements.