Lind Global discloses 4.99% DEFSEC Technologies stake via warrants (DFSC)

Rhea-AI Filing Summary

Lind Global Fund III LP, Lind Global Partners III LLC, and Jeff Easton report beneficial ownership of 140,053 DEFSEC Technologies Inc. common shares each, representing 4.99% of the outstanding class. Each reporting person has sole voting and sole dispositive power over 140,053 shares and no shared voting or dispositive power.

The position arises from 356,304 warrants to purchase common shares. Due to conversion limitations in these warrants, beneficial ownership is capped so that the holders cannot convert if it would cause them to own more than 4.99% of DEFSEC’s common shares. As a result, their reportable beneficial ownership is limited to 140,053 shares in the aggregate, and they indicate ownership of 5 percent or less of this class of securities.

Key Figures

Beneficially owned shares: 140,053 shares Beneficial ownership percentage: 4.99 % Underlying warrants: 356,304 warrants +1 more

4 metrics

Beneficially owned shares 140,053 shares Beneficial ownership for each reporting person in DEFSEC common shares

Beneficial ownership percentage 4.99 % Percentage of DEFSEC common shares beneficially owned by each reporting person

Underlying warrants 356,304 warrants Warrants to purchase DEFSEC common shares held by each reporting person

Beneficial ownership cap 4.99 % Conversion limitation in the warrants preventing ownership above this level

Key Terms

beneficial ownership, Sole Voting Power, Sole Dispositive Power, conversion limitations, +1 more

5 terms

beneficial ownership regulatory

"the reporting person's beneficial ownership has been limited to 140,053 shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole Voting Power regulatory

"5 | Sole Voting Power 140,053.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power regulatory

"7 | Sole Dispositive Power 140,053.00 8 | Shared Dispositive Power 0.00"

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.

conversion limitations financial

"due to the conversion limitations on the Warrants, the reporting person's beneficial ownership"

Warrants financial

"ownership consists of 356,304 warrants to purchase common shares (the "Warrants")"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

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Available on EDGAR 07/15/2026 - 04:46 PM Accepted by SEC EDGAR 07/15/2026 - 04:45 PM Learn about SEC filing dates

FAQ

What stake do Lind Global entities hold in DEFSEC Technologies Inc. (DFSC)?

Lind Global Fund III LP, Lind Global Partners III LLC, and Jeff Easton report beneficial ownership of 140,053 DEFSEC common shares each, equal to 4.99% of the outstanding class, with sole voting and dispositive power over these shares.

How many DEFSEC (DFSC) shares are underlying the warrants held by the reporting persons?

The reporting persons hold 356,304 warrants to purchase DEFSEC common shares. However, conversion of these warrants is restricted by a 4.99% beneficial ownership cap, limiting the number of shares they can treat as beneficially owned at any time.

What is the reported beneficial ownership percentage in DEFSEC (DFSC)?

Each reporting person discloses beneficial ownership of 4.99% of DEFSEC’s common shares. This percentage reflects a contractual beneficial ownership limitation in the warrants that prevents conversions taking their stake above 4.99% of the class.

Who are the reporting persons for this DEFSEC (DFSC) beneficial ownership disclosure?

The reporting persons are Lind Global Fund III LP, Lind Global Partners III LLC, and Jeff Easton. Lind Global Partners III LLC is the general partner of the fund, and Jeff Easton is the managing member of Lind Global Partners III LLC.

Do the reporting persons in DEFSEC (DFSC) have shared voting or dispositive power?

No. Each reporting person discloses sole voting power over 140,053 shares and sole dispositive power over 140,053 shares, with zero shared voting or shared dispositive power reported for DEFSEC common shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

DEFSEC Technologies Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

244778106

(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): 244778106

1

Names of Reporting Persons

Lind Global Fund III LP

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 140,053.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 140,053.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

140,053.00

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)

4.99 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: (1) The reporting person's ownership consists of 356,304 warrants to purchase common shares (the "Warrants"); however, due to the conversion limitations on the Warrants, the reporting person's beneficial ownership has been limited to 140,053 shares in the aggregate. (2) The Warrants include a provision limiting the holder's ability to convert the Warrants if such conversion would cause the holder to beneficially own greater than 4.99% of the common shares.

SCHEDULE 13G

CUSIP Number(s): 244778106

1

Names of Reporting Persons

Lind Global Partners III LLC

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 140,053.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 140,053.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

140,053.00

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)

4.99 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: (1) The reporting person's ownership consists of 356,304 Warrants; however, due to the conversion limitations on the Warrants, the reporting person's beneficial ownership has been limited to 140,053 shares in the aggregate. (2) The Warrants include a provision limiting the holder's ability to convert the Warrants if such conversion would cause the holder to beneficially own greater than 4.99% of the common shares.

SCHEDULE 13G

CUSIP Number(s): 244778106

1

Names of Reporting Persons

EASTON JEFF

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 140,053.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 140,053.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

140,053.00

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)

4.99 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) The reporting person's ownership consists of 356,304 Warrants; however, due to the conversion limitations on the Warrants, the reporting person's beneficial ownership has been limited to 140,053 shares in the aggregate. (2) The Warrants include a provision limiting the holder's ability to convert the Warrants if such conversion would cause the holder to beneficially own greater than 4.99% of the common shares.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DEFSEC Technologies Inc.
(b)	Address of issuer's principal executive offices: 80 Hines Rd., Suite 300, Ottawa, Ontario, Canada, K2K 2T8
Item 2.
(a)	Name of person filing: This statement is filed by the following entities and individuals (collectively, referred to as the "Reporting Persons"): o Lind Global Fund III LP, a Delaware limited partnership; o Lind Global Partners III LLC, a Delaware limited liability company; and o Jeff Easton, an individual and a citizen of the United States of America. Lind Global Partners III LLC, the general partner of Lind Global Fund III LP, may be deemed to have sole voting and dispositive power with respect to the shares held by Lind Global Fund III LP. Jeff Easton, the managing member of Lind Global Partners III LLC, may be deemed to have sole voting and dispositive power with respect to the shares held by Lind Global Fund III LP.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for each of the Reporting Persons is: 444 Madison Ave, Floor 41 New York, NY 10022
(c)	Citizenship: See Row 4 of cover page for each Reporting Person.
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 244778106
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: See Row 9 of cover page for each Reporting Person.
(b)	Percent of class: See Row 11 of cover page for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Row 5 of cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See Row 6 of cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Row 7 of cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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 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.

Lind Global Fund III LP

Signature:	By: Lind Global Partners III LLC, its General Partner, By: /s/ Jeff Easton
Name/Title:	Jeff Easton, Managing Member
Date:	07/15/2026

Lind Global Partners III LLC

Signature:	/s/ Jeff Easton
Name/Title:	Jeff Easton, Managing Member
Date:	07/15/2026

EASTON JEFF

Signature:	/s/ Jeff Easton
Name/Title:	Jeff Easton
Date:	07/15/2026