Business
Liberty Announces Pricing and Terms of Overnight Marketed Offering of Units
Liberty Announces Pricing and Terms of Overnight Marketed Offering of Units Canada News...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"\n\n\n\n Liberty Announces Pricing and Terms of 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. 28, 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 priced its previously announced overnight marketed offering (the \"\n \n Offering\n \n \") of units (the \"\n \n Units\n \n \") of the Company.\n \n\n Pursuant to the Offering, the Company intends to issue 3,031,000 Units at a price of\n \n $1.65\n \n per Unit (the \"\n \n Offering Price\n \n \") for gross proceeds of approximately\n \n $5 million\n \n . Each Unit will 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 of\n \n $2.05\n \n for a period of 24 months from the closing of the Offering.\n \n\n The Offering is expected to be completed pursuant to an underwriting agreement (the \"\n \n Underwriting Agreement\n \n \") entered into between the Company and Canaccord Genuity Corp. (\"\n \n Canaccord Genuity\n \n \" or the \"\n \n Underwriter\n \n \"). The Company has agreed to pay the Underwriter a cash commission equal to 6.0% of the gross proceeds of the Offering (including on exercise of the Over-Allotment Option (as defined below)), and to issue that number of compensation warrants equal to 6.0% of the number of Units sold under the Offering (including on exercise of the Over-Allotment Option) (eac...