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GlobeNewswire·

Liberty Announces Closing of Shares for Debt

  • Liberty Defense Holdings Ltd. issued 23,306 common shares at $4.55 per share to settle CAD$117,000 in indebtedness related to accounts payable for its U.S. IPO & Nasdaq listing.
  • The issued shares extinguished the debt & are subject to a statutory hold period of four months plus one day from the issuance date.
  • The securities have not been registered under the U.S. Securities Act of 1933 & cannot be offered or sold in the United States absent registration or an applicable exemption.
  • Liberty Defense provides AI-based concealed weapons detection solutions for high-traffic locations using its HEXWAVE technology licensed from MIT & active 3D radar imaging patents.
  • The company has also licensed millimeter wave-based High-Definition Advanced Imaging Technology (HD-AIT) body scanner & shoe scanner technologies for its portfolio.
  • The press release includes standard forward-looking statement disclaimers regarding risks such as currency fluctuations & market conditions that could cause actual results to differ from expectations.