Warrants cap Lind's DEFSEC (DFSC) stake just under 10%

Rhea-AI Filing Summary

DEFSEC Technologies Inc. (DFSC) has a significant shareholder group led by Lind Global Fund III LP, Lind Global Partners III LLC, and Jeff Easton, which collectively report beneficial ownership of 347,315 common shares of DEFSEC, representing 9.99% of the outstanding common shares.

The position is made up of 342,000 common shares, pre-funded warrants to purchase 23,853 common shares, and additional warrants (Initial Warrants and Additional Warrants) to purchase further common shares. Contractual “beneficial ownership” limits in these warrants cap Lind’s exercisable position at 9.99% of DEFSEC’s common shares (4.99% for the Initial Warrants), so not all warrant shares are currently counted as beneficially owned.

Key Figures

Beneficial ownership: 347,315 common shares Percent of class: 9.99% Common shares held: 342,000 common shares +3 more

6 metrics

Beneficial ownership 347,315 common shares Shares beneficially owned by each Reporting Person

Percent of class 9.99% Portion of DEFSEC common shares beneficially owned

Common shares held 342,000 common shares Outright common shares held by the Reporting Persons

Pre-funded Warrants 23,853 warrants Pre-funded Warrants to purchase DEFSEC common shares

Initial Warrants 356,304 warrants Initial Warrants to purchase DEFSEC common shares

Additional Warrants 365,853 warrants Additional Warrants to purchase DEFSEC common shares

Key Terms

Pre-funded Warrants, Initial Warrants, Additional Warrants, beneficial ownership, +1 more

5 terms

Pre-funded Warrants financial

"The reporting person's ownership consists of (i) 342,000 common shares, (ii) pre-funded warrants to purchase"

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.

Initial Warrants financial

"(iii) 356,304 warrants to purchase common shares (the "Initial Warrants")"

Additional Warrants financial

"(iv) 365,853 warrants to purchase common shares (the "Additional Warrants""

beneficial ownership financial

"the reporting person's beneficial ownership has been limited to 347,315 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 financial

"5 | Sole Voting Power 347,315.00"

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.

FAQ

What percentage of DEFSEC Technologies Inc. (DFSC) shares do the Lind reporting persons beneficially own?

The Lind reporting persons disclose beneficial ownership of 347,315 DEFSEC common shares, representing 9.99% of the company’s outstanding common shares, based on the Schedule 13G filing.

How many DEFSEC (DFSC) common shares and warrants are held by the Lind reporting persons?

The reporting persons’ position consists of 342,000 common shares, 23,853 Pre-funded Warrants, 356,304 Initial Warrants, and 365,853 Additional Warrants. Due to warrant conversion limits, only 347,315 shares are currently counted as beneficially owned.

What is the beneficial ownership limitation on the DEFSEC (DFSC) warrants held by Lind?

The Pre-funded Warrants and Additional Warrants cannot be exercised if doing so would cause beneficial ownership to exceed 9.99% of DEFSEC’s shares. The Initial Warrants cannot be exercised if beneficial ownership would exceed 4.99%.

Who are the reporting persons in the DEFSEC (DFSC) Schedule 13G?

The reporting persons are Lind Global Fund III LP, Lind Global Partners III LLC (its general partner), and Jeff Easton, who is the managing member of Lind Global Partners III LLC. Each may be deemed to have sole voting and dispositive power over the reported shares.

Does Lind have shared or sole voting power over its DEFSEC (DFSC) holdings?

For each reporting person, the filing states 347,315 shares with sole voting power and 0 shares with shared voting power. The same figures apply to dispositive power: 347,315 shares sole dispositive power and 0 shared.

Where are DEFSEC Technologies Inc. (DFSC) and the Lind reporting persons based?

DEFSEC’s principal executive offices are at 80 Hines, Suite #300, Ottawa, Ontario, Canada. The principal business office of the Lind reporting persons is 444 Madison Ave, Floor 41, New York, NY 10022.

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Available on EDGAR 08/25/2026 - 04:44 PM Accepted by SEC EDGAR 08/25/2026 - 04:44 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DEFSEC Technologies Inc.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

244778106

(CUSIP Number)

08/18/2026

(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 347,315.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 347,315.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

347,315.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: (1) The reporting person's ownership consists of (i) 342,000 common shares, (ii) pre-funded warrants to purchase 23,853 common shares (the "Pre-funded Warrants"), (iii) 356,304 warrants to purchase common shares (the "Initial Warrants") and (iv) 365,853 warrants to purchase common shares (the "Additional Warrants", together with the Pre-funded Warrants and the Initial Warrants, the "Warrants"). However, due to the conversion limitations on the Warrants, the reporting person's beneficial ownership has been limited to 347,315 shares in the aggregate. (2) The Pre-funded Warrants and the Additional Warrants include a provision limiting the holder's ability to exercise the Pre-funded Warrants and the Additional Warrants if such exercise would cause the holder to beneficially own greater than 9.99% of the Company. The Initial Warrants include a provision limiting the holder's ability to exercise the Initial Warrants if such exercise would cause the holder to beneficially own greater than 4.99% of the Company.

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 347,315.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 347,315.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

347,315.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) The reporting person's ownership consists of (i) 342,000 common shares, (ii) 23,853 Pre-funded Warrants, (iii) 356,304 Initial Warrants and (iv) 365,853 Additional Warrants. However, due to the conversion limitations on the Warrants, the reporting person's beneficial ownership has been limited to 347,315 shares in the aggregate. (2) The Pre-funded Warrants and the Additional Warrants include a provision limiting the holder's ability to exercise the Pre-funded Warrants and the Additional Warrants if such exercise would cause the holder to beneficially own greater than 9.99% of the Company. The Initial Warrants include a provision limiting the holder's ability to exercise the Initial Warrants if such exercise would cause the holder to beneficially own greater than 4.99% of the Company.

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 347,315.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 347,315.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

347,315.00

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)

9.99 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) The reporting person's ownership consists of (i) 342,000 common shares, (ii) 23,853 Pre-funded Warrants, (iii) 356,304 Initial Warrants and (iv) 365,853 Additional Warrants. However, due to the conversion limitations on the Warrants, the reporting person's beneficial ownership has been limited to 347,315 shares in the aggregate. (2) The Pre-funded Warrants and the Additional Warrants include a provision limiting the holder's ability to exercise the Pre-funded Warrants and the Additional Warrants if such exercise would cause the holder to beneficially own greater than 9.99% of the Company. The Initial Warrants include a provision limiting the holder's ability to exercise the Initial Warrants if such exercise would cause the holder to beneficially own greater than 4.99% of the Company.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DEFSEC Technologies Inc.
(b)	Address of issuer's principal executive offices: 80 Hines, 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"): Lind Global Fund III LP, a Delaware limited partnership; Lind Global Partners III LLC, a Delaware limited liability company; and 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, no par value
(e)	CUSIP Number(s): 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.
	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 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:	Lind Global Partners III LLC, its General Partner
Name/Title:	Jeff Easton, Managing Member
Date:	08/25/2026

Lind Global Partners III LLC

Signature:	Lind Global Partners III LLC
Name/Title:	Jeff Easton, Managing Member
Date:	08/25/2026

EASTON JEFF

Signature:	Jeff Easton
Name/Title:	Jeff Easton, Managing Member
Date:	08/25/2026

Exhibit Information

Exhibit 99.1 - Joint Filing Agreement