Defsec Technologies announces 9-for-1 share consolidation effective Nov. 16
DFSC•Defsec Technologies will consolidate its shares 9-for-1 effective November 16, 2026, reducing outstanding common shares from 4,593,998 to approximately 510,444, subject to rounding and no other changes. The consolidation is intended to target Nasdaq minimum bid price compliance and requires final approval from Nasdaq and the TSX Venture Exchange.
1. Share consolidation
Defsec Technologies will implement a 9-for-1 share consolidation effective November 16, 2026, at 12:01 a.m. Eastern Daylight Time. The company’s outstanding common shares are expected to fall from 4,593,998 to approximately 510,444, subject to rounding and assuming no other changes; consolidated shares are expected to begin trading on both exchanges around November 16 under the existing name and ticker symbol.
2. Warrant terms
Exercising 1,890 Listed Warrants will purchase one post-consolidation common share at an exercise price of USD 9,450 per share.
