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DEFSEC Technologies Inc. (DFSC) filed Amendment No. 1 to its Form 20‑F to clarify corporate governance disclosures. The update amends Item 16G to state the company has elected to follow home country practices under the Business Corporations Act (British Columbia) and TSX Venture Exchange rules in lieu of certain Nasdaq requirements.
The filing lists differences from Nasdaq standards, including the annual shareholder meeting timing, quorum thresholds, and the composition of the nominating and compensation committees. It also notes that shareholder approval requirements for certain share issuances will follow Canadian practices rather than Nasdaq Rule 5635(d). No other sections were changed, and updated CEO/CFO certifications are included as exhibits.
Shares outstanding were 1,579,174 as of September 30, 2024.
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