DEFSEC Raises CAD2.5M through 673,006-Share Offering at CAD3.74
DFSC•DEFSEC Technologies Inc. has entered definitive agreements to sell 673,006 common shares at CAD3.74 each, raising approximately CAD2.5 million in a registered direct offering. The company will concurrently issue unregistered warrants exercisable at CAD4.39 for five years, and expects to close the transaction on or about June 26, 2026.
1. Direct Offering and Warrant Issuance
DEFSEC entered into definitive agreements to sell 673,006 common shares at CAD3.74 per share in a registered direct offering, with gross proceeds of about CAD2.5 million before fees. In a concurrent private placement, the company will issue unregistered warrants for up to 673,006 shares at an exercise price of CAD4.39 per share, immediately exercisable and valid for five years.
2. Transaction Closing and Use of Proceeds
The offering is expected to close on or about June 26, 2026, subject to customary closing conditions. DEFSEC intends to use the net proceeds for working capital and general corporate purposes, with H.C. Wainwright & Co. acting as exclusive placement agent.
