DEFSEC Technologies Inc. closed a registered direct offering of 673,006 common shares at CAD$3.74 (US$2.63) per share, raising gross proceeds of about CAD$2.5 million. In a concurrent private placement, it issued unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39, exercisable immediately for five years.
H.C. Wainwright & Co. acted as exclusive placement agent, receiving a cash fee of CAD$188,778 and 50,475 common share purchase warrants with a CAD$4.675 exercise price and five-year term. DEFSEC plans to use net proceeds for working capital and general corporate purposes. The offering remains subject to final approval of the TSX Venture Exchange.
DEFSEC Technologies Inc. is offering 673,006 Common Shares at CAD$3.74 per share and, in a concurrent private placement, is issuing 673,006 Warrants exercisable at CAD$4.39 (five-year term, immediately exercisable). Placement agent H.C. Wainwright & Co. will receive a 7.5% cash fee and placement agent warrants to purchase 50,475 Common Shares at CAD$4.675.
The prospectus states net proceeds expected to the company of approximately US$1.5 million. Shares outstanding following the Offering are shown as 2,666,632 Common Shares. The prospectus discloses a public float of US$9.82 million based on 1,984,819 Common Shares held by non-affiliates as of June 24, 2026.
DEFSEC Technologies Inc. has entered into definitive agreements for a registered direct offering of 673,006 common shares at CAD$3.74 (US$2.63) per share, for expected gross proceeds of about CAD$2.5 million before fees and expenses. In a concurrent private placement, the company will issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39 per share, exercisable immediately and expiring five years after issuance.
The closing is expected on or about June 26, 2026, subject to customary closing conditions, with H.C. Wainwright & Co. acting as exclusive placement agent. DEFSEC plans to use the net proceeds for working capital and general corporate purposes, with the common shares offered under an effective Form F-3 shelf registration statement, while the warrants are being sold under a private placement exemption.
DEFSEC Technologies Inc. is raising new equity through a registered direct offering of 673,006 common shares at CAD$3.74 (US$2.63) per share, for expected gross proceeds of about CAD$2.5 million before fees and expenses. In a concurrent private placement, the company will issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39 per share, exercisable immediately and expiring five years after issuance. Closing is expected on or about June 26, 2026, subject to customary conditions and TSX Venture Exchange approval. DEFSEC plans to use the net proceeds for working capital and general corporate purposes.
DEFSEC Technologies Inc. ownership disclosure: Clear Street LLC reports beneficial ownership of 371,288 shares of Common Stock, representing 18.6% of the class. The filing states Clear Street has sole voting and sole dispositive power over the 371,288 shares. The filing is signed by John DiBacco, Head of Markets Trading with a signature date of 05/13/2026.
DEFSEC Technologies Inc. announced the commercial release of its DEFSEC Lightning next-generation real-time situational awareness system for critical incident response. The cloud-hosted, TAK-based SaaS platform is designed to give police, fire and EMS personnel a shared operating picture on their existing devices.
Lightning is offered on a subscription basis ranging from approximately CAD $15 to $50 per end-user device per month, depending on configuration and service level. DEFSEC has already onboarded its first subscription customer, an Ontario border police agency, and aims to leverage its ARWEN less-lethal customer base and expand into defence applications, including Canadian Armed Forces and joint Arctic operations.
DEFSEC Technologies Inc. filed a report highlighting changes to its board of directors. Veteran defence executive David Ibbetson, former General Manager of General Dynamics Mission Systems International, has joined the board, bringing more than 35 years of aerospace and defence experience and extensive global program leadership.
The company also announced that director Paul Mangano has retired from the board to create room for a seasoned Canadian executive aligned with DEFSEC's strategy to expand its role in Canada's Defence Industrial Strategy and large-scale defence programs.
DEFSEC Technologies Inc. is introducing its Battlespace Laser Identification Sensor System (BLISS™), a next-generation laser threat detection and identification platform with a companion software suite. BLISS builds on the company’s Battlefield Laser Detection System, adding enhanced sensing, emitter identification and networked battlespace awareness.
Initial BLISS units are scheduled for delivery to a U.S. Army armored vehicle program in the coming month for trial use, following earlier BLDS testing. DEFSEC has filed a provisional patent application for newly developed BLISS technology and is completing two associated software applications, including a threat-analysis tool already being shipped to the U.S. Army and a plug-in expected to be ready for demonstrations in May 2026.
DEFSEC Technologies Inc. filed a Form 6-K reporting the results of its 2026 Annual and Special Meeting of shareholders. Shareholders approved all resolutions described in the amended and restated management information circular dated January 14, 2026.
Investors confirmed the board size by setting the number of directors at seven and elected all nominated directors to the board. They also appointed MNP LLP as auditor for the coming year and authorized the board to set the auditor’s compensation. In addition, shareholders approved DEFSEC’s amended long term incentive plan, supporting the company’s equity-based compensation framework.
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.