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Iroquois Capital Management LLC, Richard Abbe and Kimberly Page have filed a passive Schedule 13G on DEFSEC Technologies Inc. (CUSIP 501506802) dated 23 July 2025.
- Beneficial ownership: Abbe controls or shares 100,000 common shares (7.5% of the 1,340,791 shares outstanding). Iroquois and Page each share beneficial ownership of 40,000 shares (3.0% each).
- Voting/Dispositive power: Abbe — sole voting & dispositive power over 60,000 shares plus shared power over 40,000; Iroquois & Page — shared voting & dispositive power over 40,000 shares; no sole power.
- Warrants: The group holds warrants for an additional 151,281 shares (IMF 43,223; ICIG 64,835; Abbe 108,058; Page 43,223) but cannot exercise them due to a 4.99% Beneficial-Ownership Blocker.
- Nature of filing: Rule 13d-1(c) passive investment; the filers certify they are not pursuing control.
The positions make Abbe a significant minority shareholder while remaining below the 10% Section 16 threshold. Potential future dilution exists if blockers are waived, but no control intent is indicated.
KWESST Micro Systems Inc. (symbol: KWESW) filed a Form 6-K with the U.S. Securities and Exchange Commission dated June 26, 2025. The submission is strictly an administrative cover; it confirms the company’s status as a foreign private issuer that submits its annual report on Form 20-F. The only exhibit listed is a news release dated June 25, 2025. No financial statements, earnings figures, or transactional details are included in this filing.
The document therefore serves mainly to place the referenced press release into the SEC’s public record and to demonstrate ongoing compliance with Rule 13a-16/15d-16 reporting obligations. Investors looking for substantive operational or financial information will need to consult Exhibit 99.1 directly, as it is not reproduced within this filing.