Welcome to our dedicated page for DEFSEC Technologies SEC filings (Ticker: DFSC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
DEFSEC Technologies Inc. files as a Canadian foreign private issuer, with Form 6-K reports furnishing press releases, interim financial statements, management discussion and analysis, and officer certifications. The filings document the company's tactical-systems business, including BLISS and BLDS laser-detection products, DEFSEC Lightning SaaS, TAK-based situational-awareness integration, countermeasure products, and PARA SHOT less-lethal technology.
DEFSEC's regulatory record also covers restated interim statements related to lease accounting, incorporation of 6-K exhibits into Form F-3 registration statements, annual meeting results, auditor and incentive-plan approvals, board changes, executive appointments, and the company's historical identity as KWESST Micro Systems Inc.
DEFSEC Technologies Inc. has filed a Form F-3 to register the resale of up to 608,493 common shares issuable upon exercise of investor and placement agent warrants. The Investor Warrants have an exercise price of CAD$4.27 per share and the Placement Agent’s Warrants CAD$4.55 per share.
No common shares are being sold by DEFSEC itself, so it will not receive proceeds from resales; it may receive up to approximately CAD$2.61 million if all warrants are exercised for cash. Shares outstanding were 1,993,626 as of January 12, 2026, and would be 2,602,119 if all 608,493 warrant shares are issued.
DEFSEC is an early-stage Canadian defense and public-safety technology company whose products span less-lethal systems, digitization software and counter-threat devices. The company’s audited financial statements include a going concern explanatory paragraph noting significant losses and negative operating cash flows since inception.
DEFSEC Technologies Inc. filed a Form 6-K highlighting a senior leadership change. The company appointed Elisabeth Preston as Senior Vice-President and Chief Legal Officer, adding a seasoned international business and trade lawyer with more than 30 years of experience advising companies in public safety, defense and aerospace.
Preston has worked extensively on mergers and acquisitions, procurement law, anti-corruption compliance, industrial security, export control and labour and employment matters, including senior roles at a major Canadian law firm and a major U.S. defence contractor. DEFSEC develops next-generation tactical systems and non-lethal PARA products for military, security forces and law enforcement, with headquarters in Ottawa and representation in London.
DEFSEC Technologies Inc. filed restated unaudited interim financial statements for the three and nine months ended June 30, 2025, correcting lease accounting without changing prior net loss, cash flows, or earnings per share. The company remains in an early commercial stage and continues to generate losses.
For the nine months ended June 30, 2025, DEFSEC reported revenue of $3.6 million versus $0.9 million a year earlier, but a larger net loss of $7.2 million. Cash and cash equivalents rose to $2.5 million, and working capital improved to $2.6 million, helped by multiple U.S. public offerings and private placements in late 2024 and early 2025. The going concern note highlights a $49.9 million accumulated deficit, negative operating cash flows of $6.6 million for the nine-month period, and dependence on successful product commercialization and additional financing, which together create material uncertainty about the company’s ability to continue as a going concern.
DEFSEC Technologies is calling an annual and special shareholder meeting for February 19, 2026 in Ottawa, with listen-only access via Microsoft Teams. Shareholders of record on January 2, 2026 can vote in person or by proxy under Canadian notice-and-access rules.
The meeting will present audited financial statements, ask shareholders to reappoint MNP LLP as auditor, set the board size at seven, and elect a slate of directors, including new nominees James Yersh and Niel Marotta. Existing proxies from the earlier circular will automatically vote FOR a seven‑member board and FOR Marotta’s election unless changed.
Shareholders are also being asked to approve an amended Long‑Term Incentive Plan, which allows stock options up to 10% of outstanding shares and other share-based awards up to about 199,362 shares. The circular details governance, director independence, and an executive pay program that delivered about $2.8 million to named executives and directors in fiscal 2025 versus $1.5 million in 2024, driven partly by performance bonuses.
DEFSEC Technologies has issued a management information circular for its annual and special shareholder meeting on February 12, 2026. Shareholders will vote on appointing MNP LLP as auditor, setting the board at six directors (including first-time election of director James Yersh), and approving an amended Long-Term Incentive Plan (LTIP).
The LTIP is a “rolling up to 10% and fixed up to 10%” equity plan that allows stock options up to 10% of outstanding shares and up to approximately 199,362 common shares for other share-based awards as of its effective date. The circular also details executive pay: total compensation for named executives and directors was $2.8 million for the year ended September 30, 2025, compared with $1.5 million in 2024, including sizable cash bonuses for the Chair, CEO, COO, and former interim CFO.
DEFSEC Technologies Inc. furnished a Form 6-K as a foreign private issuer for December 2025. The report states that DEFSEC files its annual reports on Form 20-F and incorporates several exhibits into its existing shelf Registration Statement on Form F-3.
The incorporated exhibits include forms of warrants, a placement agent warrant, a legal opinion from Bennett Jones LLP, and a Form of Securities Purchase Agreement dated December 17, 2025 between DEFSEC Technologies Inc. and certain purchasers, as well as a related news release.
DEFSEC Technologies Inc. is conducting a primary offering of 566,040 Common Shares at CAD$3.64 per share to certain accredited investors. This is expected to generate gross proceeds of about CAD$2.06 million, with estimated net proceeds of approximately US$1.2 million (about CAD$1.91 million), which the company plans to use for working capital, general corporate purposes and to advance its business objectives.
Concurrently, DEFSEC will issue in a private placement 566,040 warrants, each exercisable at CAD$4.27 per share for five years, and will grant H.C. Wainwright & Co. placement agent warrants to buy up to 42,453 Common Shares at CAD$4.55 per share. These warrants and their underlying shares are not registered in this offering. After the share sale, DEFSEC expects to have 1,993,626 Common Shares outstanding, and it remains an emerging growth company and foreign private issuer, using IFRS and benefiting from reduced U.S. reporting requirements.
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.