DEFSEC Technologies Announces Closing of CAD$2.5 Million Registered Direct Offering

About this update from Defsec Technologies Inc.

OTTAWA, ON, June 26, 2026 /CNW/ - DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company"), today announced the closing of its previously announced registered direct offering for the purchase and sale of 673,006 common shares at a purchase price of CAD$3.74 (US$2.63) per common share . In a concurrent private placement, the Company issued unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39 per share that are immediately exercisable upon issuance and will expire five years following the date of issuance. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds to the Company from the offering were approximately CAD$2.5 million before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. In connection with the offering, the Company paid a cash fee to the placement agent in an amount of CAD$188,778 and issued to the placement agent or its designees 50,475 common share purchase warrants entitling the holder to acquire one common share of the Company for a period of five years from the commencement of sales of the offering at an exercise price of CAD$4.675 per common share. The common shares (but not the unregistered warrants and the common shares underlying the unregistered warrants) described above were offered by the Company pursuant to a "shelf" registration statement on Form F-3 (File No. 333-277196) that was filed with the Securities and Exchange Commission (the "SEC") on February 20, 2024 and declared effective by the SEC on March 4, 2024. The offering of the common shares was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering were filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC's website at http://www.sec.gov or by contacting H.C....

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