GlobeNewswire·Dec 31, 2025, 4:30 PM ET

Liberty Announces Closing of Initial Tranche of Listed Issuer Financing Exemption (LIFE) Offering

Liberty Defense Holdings Ltd. closed the first tranche of a non-brokered private placement of 7,941,671 units on December 31, 2025.
Each unit was sold at $0.22, generating gross proceeds of approximately $1,747,167.
Each unit consists of one common share & one common share purchase warrant exercisable at $0.30 per share between March 2, 2026, & December 31, 2027.
The offering was completed under the listed issuer financing exemption, meaning the securities are not subject to a hold period under Canadian securities laws.
The company paid $78,136 in cash commissions to finders & issued 356,162 non-transferable warrants to acquire common shares at $0.30 each until December 31, 2027.
Proceeds will be used to increase HEXWAVE technology production to meet demand & deliver units currently in backlog.
The securities were not registered under the U.S. Securities Act of 1933 & may not be offered or sold within the United States without registration or an exemption.
Liberty provides AI-based concealed weapons detection solutions using HEXWAVE technology licensed from MIT & other advanced imaging technologies.