AWM reports 9.9% stake in Liberty Defense

AWM Investment Company, Inc., a Delaware corporation, reports beneficial ownership of 570,901 shares of Liberty Defense Holdings, Ltd. common stock, representing 9.9% of the class.

Rhea-AI Filing Summary

AWM Investment Company, Inc., a Delaware corporation, reports beneficial ownership of 570,901 shares of Liberty Defense Holdings, Ltd. common stock, representing 9.9% of the class. The position combines common shares and pre-funded warrants held across several Special Situations funds advised by AWM.

AWM holds sole voting and dispositive power over all 570,901 shares, with no shared voting or dispositive authority. The pre-funded warrants are subject to a 9.99% Beneficial Ownership Blocker, limiting exercises so that total beneficial ownership does not exceed 9.99% of Liberty Defense’s outstanding common shares.

Key Figures

Beneficially owned shares: 570,901 shares Percent of class: 9.9% Sole voting power: 570,901 shares +4 more

7 metrics

Beneficially owned shares 570,901 shares Total Liberty Defense common stock beneficially owned by AWM

Percent of class 9.9% Portion of Liberty Defense common stock class beneficially owned

Sole voting power 570,901 shares Shares over which AWM has sole power to vote

Pre-funded warrants (CAYMAN) 79,884 warrants Pre-funded warrants to purchase Liberty Defense shares held by CAYMAN

Pre-funded warrants (SSFQP) 272,858 warrants Pre-funded warrants to purchase Liberty Defense shares held by SSFQP

Pre-funded warrants (TECH II) 291,105 warrants Pre-funded warrants to purchase Liberty Defense shares held by TECH II

Beneficial Ownership Blocker 9.99% Maximum ownership level permitting exercise of pre-funded warrants

Key Terms

Pre-funded Warrants, Beneficial Ownership Blocker, beneficially owned, Rule 13d-3, +1 more

5 terms

Pre-funded Warrants financial

"79,884 Pre-funded Warrants to purchase Shares held by CAYMAN"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

Beneficial Ownership Blocker regulatory

"after giving effect to the Beneficial Ownership Blocker"

A beneficial ownership blocker is a legal or structural device that prevents a shareholder from being treated as the ultimate owner of enough shares to trigger control, reporting, or voting thresholds. Think of it like a speed bump that stops an investor from reaching a stake size that would force corporate disclosure or change control rights. Investors care because it affects who controls the company, how shares vote, regulatory filings, takeover risk and therefore potential value or liquidity of their holdings.

beneficially owned regulatory

"the total number of Common Shares then beneficially owned does not exceed 9.99%"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Rule 13d-3 regulatory

"shares of common stock issuable upon the exercise of the warrants that are deemed beneficially owned pursuant to Rule 13d-3"

Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

sole dispositive power financial

"Sole Dispositive Power 570,901.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of LIBERTY DEFENSE HOLDINGS (DETX) does AWM Investment Company own?

AWM Investment Company reports beneficial ownership of 9.9% of Liberty Defense’s common stock, totaling 570,901 shares. This includes common shares and pre-funded warrants across multiple Special Situations funds it advises.

How many LIBERTY DEFENSE (DETX) shares does AWM Investment Company control voting for?

AWM Investment Company has sole voting power over 570,901 shares of Liberty Defense common stock. It reports no shared voting power and also holds sole dispositive power over the same number of shares.

What is the Beneficial Ownership Blocker affecting AWM’s DETX warrants?

AWM’s pre-funded warrants may only be exercised so its total beneficial ownership does not exceed 9.99% of Liberty Defense’s outstanding common shares. This Beneficial Ownership Blocker effectively caps warrant exercises to stay below that threshold.

How is AWM’s LIBERTY DEFENSE (DETX) stake distributed among its funds?

AWM’s 570,901 beneficially owned shares reflect positions in several funds, including holdings such as 53,300 shares and 79,884 pre-funded warrants in Special Situations Cayman Fund and similar share/warrant combinations in other Special Situations funds.

Who signed the AWM Investment Company report regarding its DETX holdings?

The report on Liberty Defense holdings was signed by Adam Stettner, Executive Vice President of AWM Investment Company, Inc. His signature certifies the accuracy of the disclosed ownership information as of the reported date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/14/2026 - 12:45 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LIBERTY DEFENSE HOLDINGS, LTD.

(Name of Issuer)

Common Stock, Par Value $0.0001

(Title of Class of Securities)

53044R867

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 53044R867

1

Names of Reporting Persons

AWM Investment Company, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 570,901.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 570,901.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

570,901.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN), Special Situations Fund III QP, L.P. (SSFQP), Special Situations Private Equity Fund, L.P. (SSPE), Special Situations Technology Fund, L.P. (TECH) and Special Situations Technology Fund II, L.P. (TECH II). (Collectively the Funds). As the investment adviser to the Funds, AWM holds sole voting and investment power over 53,300 Shares of Common Stock of the Issuer (the Shares) and 79,884 Pre-funded Warrants to purchase Shares held by CAYMAN, 182,057 Shares and 272,858 Pre-funded Warrants to purchase Shares held by SSFQP, 45,385 Shares and 65,323 Pre-funded Warrants to purchase Shares held by SSPE, 41,125 Shares and 61,637 Pre-funded Warrants to purchase Shares held by TECH and 192,433 Shares and 291,105 Pre-funded Warrants to purchase Shares held by TECH II. The Warrants described herein may only be exercised to the extent that the total number of Common Shares then beneficially owned does not exceed 9.99% of the outstanding shares. Beneficial ownership is based upon the sum of (i) the number of shares of the Issuer's outstanding common stock, as most recently reported by the Issuer in its filings with the Securities and Exchange Commission, and (ii) the number of shares of common stock issuable upon the exercise of the warrants that are deemed beneficially owned pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended, after giving effect to the Beneficial Ownership Blocker. Due to field limitations, the percentage reported may be rounded to the applicable Beneficial Ownership Blocker percentage

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LIBERTY DEFENSE HOLDINGS, LTD.
(b)	Address of issuer's principal executive offices: 187 BALLARDVALE STREET, SUITE 110, WILMINGTON, MASSACHUSETTS, 01887
Item 2.
(a)	Name of person filing: The person filing this report is AWM Investment Company, Inc., a Delaware corporation (AWM), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Islands Limited Partnership (CAYMAN), Special Situations Fund III QP, L.P., a Delaware limited partnership (SSFQP), Special Situations Private Equity Fund, L.P. a Delaware Limited Partnership (SSPE), Special Situations Technology Fund, L.P., a Delaware limited partnership (TECH) and Special Situations Technology Fund II, L.P., a Delaware limited partnership (TECH II). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are members of: SSCayman, L.L.C., a Delaware limited liability company (SSCAY), the general partner of CAYMAN; members of MGP Advisers Limited Partnership, a Delaware limited partnership (MGP), the general partner of SSFQP, MG Advisers, L.L.C., a New York limited liability company (MG), the general partner of SSPE and SST Advisers, L.L.C., a Delaware limited liability company (SSTA), the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM.
(b)	Address or principal business office or, if none, residence: The principal business address for AWM is c/o Special Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY 10022
(c)	Citizenship: AWM is a Delaware Corporation.
(d)	Title of class of securities: Common Stock, Par Value $0.0001
(e)	CUSIP Number(s): 53044R867
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 570,901
(b)	Percent of class: 9.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting power over 53,300 Shares of Common Stock of the Issuer (the Shares) and 79,884 Pre-funded Warrants*** to purchase Shares held by CAYMAN, 182,057 Shares and 272,858 Pre-funded Warrants*** to purchase Shares held by SSFQP, 45,385 Shares and 65,323 Pre-funded Warrants*** to purchase Shares held by SSPE, 41,125 Shares and 61,637 Pre-funded Warrants*** to purchase Shares held by TECH and 192,433 Shares and 291,105 Pre-funded Warrants*** to purchase Shares held by TECH II. Greenhouse and Stettner are members of: SSCAY, the general partner of CAYMAN; MGP, the general partner of SSFQP and SSTA, the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole investment power over 53,300 Shares of Common Stock of the Issuer (the Shares) and 79,884 Pre-funded Warrants*** to purchase Shares held by CAYMAN, 182,057 Shares and 272,858 Pre-funded Warrants*** to purchase Shares held by SSFQP, 45,385 Shares and 65,323 Pre-funded Warrants*** to purchase Shares held by SSPE, 41,125 Shares and 61,637 Pre-funded Warrants*** to purchase Shares held by TECH and 192,433 Shares and 291,105 Pre-funded Warrants*** to purchase Shares held by TECH II. Greenhouse and Stettner are members of: SSCAY, the general partner of CAYMAN; MGP, the general partner of SSFQP and SSTA, the general partner of TECH and TECH II. Greenhouse and Stettner are also controlling principals of AWM
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AWM Investment Company, Inc.

Signature:	Adam Stettner
Name/Title:	Executive Vice President
Date:	08/14/2026