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Liberty Announces Closing of Listed Issuer Financing Exemption (LIFE) Private Placement of Units
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES WILMINGTON, Ma...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"Liberty Announces Closing of Listed Issuer Financing Exemption (LIFE) Private Placement of Units\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES\n \n\n\n WILMINGTON, Mass., July 29, 2025 (GLOBE NEWSWIRE) --\n \n Liberty Defense Holdings Ltd.\n \n (“\n \n Liberty\n \n ” or the “\n \n Company\n \n ”) (\n \n TSXV: SCAN\n \n ,\n \n OTCQB: LDDFF\n \n ,\n \n FRANKFURT: E30\n \n ), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it has closed the non-brokered private placement of 20 million units (the “\n \n Units\n \n ”) of the Company at the price of C$0.22 per Unit for gross proceeds of $4.4 million (the “\n \n Offering\n \n ”), which was previously announced on July 8, 2025 and July 17, 2025.\n \n\n Each Unit will consist of one common share in the capital of the Company (a “\n \n Common Share\n \n ”) and one Common Share purchase warrant (a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a “\n \n Warrant Share\n \n ”) from September 27, 2025 until July 28, 2026 at the exercise price of C$0.35 per Warrant Share.\n \n\n “We sincerely appreciate the ongoing support and confidence from our investors and partners,” said CEO Bill Frain. “The strong demand for our recent $4.4 million financing is a clear endorsement of our vision and progress. These funds will enable us to accelerate the deployment of our HEXWAVE technology into more public environments and strategically position us to seize new opportunities with the rollout of our HD-AIT system later this year. We’re excited about the momentum building as we head toward a strong finish to 2025.”\n \n\n The Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -\n \n Prospectus Exemptions\n \n , accordingly, the securities issued in the Offering are not subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the “\n \n Offering Document\n \n ”) related to the Offering that can be accessed under the Company's profile at www.sedarplu...