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Liberty Defense (DETX) priced a U.S. initial public offering of 3,673,638 common shares at $4.50 and pre-funded warrants for 770,807 shares at $4.4999, raising gross proceeds of approximately $20 million. The shares are expected to begin trading on Nasdaq on April 22, 2026 and closing is expected April 23, 2026, subject to customary conditions and TSXV approval. The company granted underwriters a 30-day option for 666,666 additional shares. CEO William Frain intends to buy 5,555 shares for about $25,000. A Form F-1 was declared effective March 31, 2026.