Liberty Defense Announces Closing of its U.S. Initial Public Offering

About this update from Liberty Defense Holdings Ltd.

Liberty Defense Announces Closing of its U.S. Initial Public Offering WILMINGTON, Mass., April 24, 2026 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (NASDAQ:DETX) (TSXV: SCAN) today announced the closing of its initial public offering in the United States of 3,673,638 common shares at a public offering price of $4.50 per share and to certain investors, in lieu of common shares, pre-funded warrants to purchase 770,807 common shares at a purchase price of $4.4999 per pre-funded warrant, which represented the public offering price per share, minus the $0.0001 per share exercise price of each such pre-funded warrant. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Liberty, were approximately $20 million. In connection with the offering, Liberty granted the underwriters a 30-day option to purchase up to an additional 666,666 common shares solely to cover over-allotments, if any. The common shares began trading on the Nasdaq Capital Market on April 22, 2026 under the symbol “DETX”. In connection with its listing on the Nasdaq Capital Market, the common shares ceased trading on the OTCQB® Venture Market under the symbol LDDFF. The common shares will continue to be listed for trading on the TSX Venture Exchange. The Benchmark Company, LLC acted as sole bookrunning manager for the offering. Any securities issued pursuant to the offering to Canadian purchasers are subject to a four-month hold period from the date of issuance under applicable Canadian securities laws. A registration statement on Form F-1 relating to these securities has been filed with the SEC and was declared effective on March 31, 2026. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the website of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from The Benchmark Company, LLC at 150 East 58th Street, 17th Floor, New York, NY 10155, or by email at [email protected]. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not c...

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