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Liberty Announces Overnight Marketed Offering of Units
Liberty Announces Overnight Marketed Offering of Units Canada NewsWire /THIS ...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"\n\n\n\n Liberty Announces Overnight Marketed Offering of Units\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n and\n \n WILMINGTON, Mass.\n \n\n ,\n \n\n Feb. 27, 2025\n \n\n /CNW/ -\n \n Liberty Defense Holdings Ltd.\n \n (\"\n \n Liberty\n \n \" or the \"\n \n Company\n \n \") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it has filed a preliminary short form prospectus in connection with an overnight marketed offering (the \"\n \n Offering\n \n \") of units (the \"\n \n Units\n \n \") of the Company, at a price per Unit to be determined in the context of the market (the \"\n \n Offering Price\n \n \"). The Offering is being conducted by Canaccord Genuity Corp. (\"\n \n Canaccord Genuity\n \n \" or the \"\n \n Underwriter\n \n \").\n \n\n Each Unit is expected to consist of one common share of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant will be exercisable to acquire one Common Share at a price to be determined in the context of the market with an anticipated term of 24 months from the closing of the Offering.\n \n\n The size and pricing of the Offering will be determined in the context of the market at the time of entering into a definitive underwriting agreement between the Company and the Underwriter. The Company will grant the Underwriter an over-allotment option exercisable, in whole or in part, in the sole discretion of the Underwriter, to purchase up to an additional 15% of the number of Units sold pursuant to the Offering for up to 30 days following the closing of the Offering, for market stabilization purposes and to cover ...