Liberty Defense Holdings, Ltd. seeks U.S. registration to offer up to 3,888,889 Common Shares and up to 3,888,889 Pre-Funded Warrants (one-for-one reduction of shares if issued) in an initial public offering. The prospectus states an offering price range of US$4.00 to US$5.00 per share and uses an assumed midpoint price of US$4.50 in illustrative tables, estimating net proceeds of approximately US$14.7 million before expenses.
The offering is conditioned on Nasdaq and TSXV listing approvals and follows a 1-for-45 share consolidation effected March 13, 2026. The company is an emerging growth company and foreign private issuer, discloses preliminary 2025 estimates (revenue ~US$1.76–2.0M; net loss ~US$12.8–14.5M) and warns of a going-concern cash position. Proceeds are intended for working capital and commercialization of HEXWAVE™ and the HD-AIT Upgrade Kit.
Liberty Defense Holdings, Ltd. is offering up to 3,888,889 Common Shares in an initial public offering in the United States, together with up to 3,888,889 Pre-Funded Warrants available to purchasers who would otherwise exceed 9.99% ownership.
The offering is a firm-commitment underwriting with an estimated price range of US$4.00 to US$5.00 per Common Share (assumed midpoint US$4.50 in the prospectus). Pre-Funded Warrants will be priced at the public share price less US$0.0001 and exercisable at US$0.0001.
The company has applied to list the Common Shares on the Nasdaq Capital Market under the symbol "DETX"; the offering is conditioned on Nasdaq and TSXV approvals. The prospectus discloses preliminary 2025 estimates showing cash between US$0.3–0.4M and a projected 2025 net loss between US$12.8M and US$14.5M. The net proceeds are intended for working capital, commercialization of the HD-AIT Upgrade Kit and HEXWAVE™ commercialization activities.
Liberty Defense Holdings, Ltd. is offering 3,333,333 Common Shares in a U.S. initial public offering. The prospectus sets an illustrative price range of US$4.00 to US$5.00 and assumes an offering price of US$4.50 per share. The offering is structured as a firm commitment underwriting with a 30-day over-allotment option to purchase up to an additional 499,999 Common Shares.
The company completed a 1-for-45 share consolidation on March 13, 2026. The prospectus discloses preliminary 2025 estimates including cash of approximately US$0.3–0.4 million, revenue of US$1.76–2.0 million, operating expenses of US$11.5–12.0 million, and a projected net loss of US$12.8–14.5 million. Proceeds are intended for working capital, commercialization of the HD-AIT Upgrade Kit and HEXWAVE™ commercialization and cost reduction efforts.