DEFSEC Technologies Issues 673,006 Shares at C$3.74 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2026
0mins
DEFSEC Technologies announced that it has entered into definitive agreements for the purchase and sale of 673,006 common shares at a purchase price of C$3.74 per common share in a registered direct offering. In a concurrent private placement, the company will issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of C$4.39 per share that will be immediately exercisable upon issuance and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about June 26, subject to the satisfaction of customary closing conditions. The gross proceeds to the company from the offering are expected to be approximately C$2.5M before deducting placement agent fees and other offering expenses payable by the company. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
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About DFSC
DEFSEC Technologies Inc., formerly KWESST Micro Systems Inc., develops and commercializes technology solutions that deliver a tactical advantage for the military, public safety agencies and personal defense markets. Its portfolio includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source streamed directly to users' smart devices and weapons. Its product development has focused on three market segments: non-lethal, digitization and counter threat. Its products include countermeasures against threats: electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with its team awareness kit application. It has a non-lethal product line branded PARA OPS with application across all segments of the non-lethal market, including law enforcement. It offers Battlefield Laser Detection System, ARWEN and Lightning.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
DEFSEC Closes Direct Offering of 673,006 Shares
- Financing Size: DEFSEC Technologies Inc. has completed a registered direct offering of 673,006 common shares at a price of CAD$3.74 (approximately USD$2.63) per share, expected to generate gross proceeds of about CAD$2.5 million, thereby strengthening its capital structure to support future growth.
- Private Placement: Concurrently, the company issued unregistered warrants to purchase 673,006 common shares at an exercise price of CAD$4.39, which are immediately exercisable and will expire in five years, providing additional potential funding sources for the company.
- Expense Outlay: DEFSEC paid a cash fee of CAD$188,778 to the placement agent H.C. Wainwright & Co. and issued 50,475 common share purchase warrants with an exercise price of CAD$4.675, reflecting the company's commitment to its underwriter and collaboration.
- Use of Proceeds: The company intends to utilize the net proceeds from this offering for working capital and general corporate purposes, aiming to enhance operational efficiency and support its technological innovations and market expansion in the military and security sectors.
See More
DEFSEC Closes Direct Offering of 673,006 Shares
- Financing Size: DEFSEC Technologies Inc. has completed a registered direct offering of 673,006 common shares at CAD$3.74 (approximately USD$2.63) per share, raising gross proceeds of about CAD$2.5 million, reflecting the company's active engagement in capital markets and financing capabilities.
- Private Placement: In a concurrent private placement, the company issued unregistered warrants to purchase 673,006 common shares at an exercise price of CAD$4.39, which are immediately exercisable and will expire in five years, enhancing investor confidence in the company's future growth prospects.
- Cost Expenditure: DEFSEC paid a cash fee of CAD$188,778 to the placement agent H.C. Wainwright & Co. and issued 50,475 common share purchase warrants to them or their designees, further demonstrating the company's cost management and investor relations strategies in capital operations.
- Use of Proceeds: The company intends to utilize the net proceeds from this offering for working capital and general corporate purposes, indicating a proactive approach to future business expansion and market opportunities.
See More
DEFSEC Technologies Announces Direct Offering of 673,006 Shares
- Direct Offering Details: DEFSEC Technologies has entered into definitive agreements for a registered direct offering of 673,006 common shares at CAD$3.74 (approximately USD$2.63) per share, expected to generate around CAD$2.5 million in gross proceeds, enhancing the company's liquidity.
- Warrant Issuance: Concurrently, DEFSEC will issue warrants allowing the purchase of an additional 673,006 common shares at an exercise price of CAD$4.39 per share, which can be exercised immediately and will expire five years after issuance, increasing investor engagement.
- Use of Proceeds: The proceeds from this offering will be allocated for working capital and general corporate purposes, ensuring DEFSEC has sufficient funding to support its operations and respond to market changes and business expansion needs.
- Transaction Closing Timeline: The transaction is expected to close on or about June 26, 2026, marking DEFSEC's proactive positioning in the capital markets and laying a foundation for the company's long-term growth.
See More
DEFSEC Technologies Announces Direct Offering of Common Shares
- Offering Size: DEFSEC Technologies Inc. is conducting a registered direct offering of 673,006 common shares at a price of CAD$3.74 (approximately USD$2.63) per share, expecting gross proceeds of about CAD$2.5 million, which will enhance the company's financial flexibility for working capital and general corporate purposes.
- Placement Details: Concurrently, the company will issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39, which will be immediately exercisable upon issuance and expire in five years, providing an additional capital source to support future growth.
- Compliance and Registration: The offering is conducted under a
See More
DEFSEC Technologies Announces Direct Offering of 673,006 Shares
- Financing Size: DEFSEC Technologies is conducting a registered direct offering of 673,006 common shares at CAD$3.74 (approximately USD$2.63) per share, with expected gross proceeds of about CAD$2.5 million intended for working capital and general corporate purposes.
- Placement Details: The company will also issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39, which will be immediately exercisable upon issuance and expire in five years, enhancing potential returns for investors.
- Transaction Arrangement: H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering, which is expected to close around June 26, 2026, subject to customary closing conditions, reflecting the company's proactive approach to capital markets.
- Compliance Statement: The offering is conducted under Section 4(a)(2) of the Securities Act of 1933, ensuring that the unregistered warrants and underlying common shares are not sold within the U.S., thereby maintaining compliance and reducing legal risks.
See More
DEFSEC Technologies Reports Q2 Fiscal 2026 Highlights and Product Milestones
- Defense Software Growth: In Q2 Fiscal 2026, DEFSEC's revenue surged by 81% compared to Q2 Fiscal 2025, primarily driven by long-term contracts with the Canadian Department of National Defence, with potential revenues of up to CAD 75 million expected through 2028 and 2029, indicating strong growth prospects in the defense sector.
- Product Launch Milestones: The company achieved significant milestones by making its first sale of PARA SHOTTM ammunition and delivering the BLISSTM prototype for customer qualification and trials, marking a crucial step towards product commercialization and future revenue diversification.
- ARWEN® Product Line Expansion: DEFSEC's ARWEN®40mm ammunition has entered full-rate production with orders from a law enforcement customer in the Western U.S., further validating its competitive edge and growth strategy, which is expected to significantly enhance the company's share in the less-lethal weapons market.
- Stock Option Grant: The company granted a total of 151,552 stock options to directors, executives, and senior managers, with an exercise price of CAD 6.75 per share, subject to TSX Venture Exchange approval, reflecting the company's commitment to management incentives.
See More
DEFSEC Closes Direct Offering of 673,006 Shares
- Financing Size: DEFSEC Technologies Inc. has completed a registered direct offering of 673,006 common shares at a price of CAD$3.74 (approximately USD$2.63) per share, expected to generate gross proceeds of about CAD$2.5 million, thereby strengthening its capital structure to support future growth.
- Private Placement: Concurrently, the company issued unregistered warrants to purchase 673,006 common shares at an exercise price of CAD$4.39, which are immediately exercisable and will expire in five years, providing additional potential funding sources for the company.
- Expense Outlay: DEFSEC paid a cash fee of CAD$188,778 to the placement agent H.C. Wainwright & Co. and issued 50,475 common share purchase warrants with an exercise price of CAD$4.675, reflecting the company's commitment to its underwriter and collaboration.
- Use of Proceeds: The company intends to utilize the net proceeds from this offering for working capital and general corporate purposes, aiming to enhance operational efficiency and support its technological innovations and market expansion in the military and security sectors.
See More
DEFSEC Closes Direct Offering of 673,006 Shares
- Financing Size: DEFSEC Technologies Inc. has completed a registered direct offering of 673,006 common shares at CAD$3.74 (approximately USD$2.63) per share, raising gross proceeds of about CAD$2.5 million, reflecting the company's active engagement in capital markets and financing capabilities.
- Private Placement: In a concurrent private placement, the company issued unregistered warrants to purchase 673,006 common shares at an exercise price of CAD$4.39, which are immediately exercisable and will expire in five years, enhancing investor confidence in the company's future growth prospects.
- Cost Expenditure: DEFSEC paid a cash fee of CAD$188,778 to the placement agent H.C. Wainwright & Co. and issued 50,475 common share purchase warrants to them or their designees, further demonstrating the company's cost management and investor relations strategies in capital operations.
- Use of Proceeds: The company intends to utilize the net proceeds from this offering for working capital and general corporate purposes, indicating a proactive approach to future business expansion and market opportunities.
See More
DEFSEC Technologies Announces Direct Offering of 673,006 Shares
- Direct Offering Details: DEFSEC Technologies has entered into definitive agreements for a registered direct offering of 673,006 common shares at CAD$3.74 (approximately USD$2.63) per share, expected to generate around CAD$2.5 million in gross proceeds, enhancing the company's liquidity.
- Warrant Issuance: Concurrently, DEFSEC will issue warrants allowing the purchase of an additional 673,006 common shares at an exercise price of CAD$4.39 per share, which can be exercised immediately and will expire five years after issuance, increasing investor engagement.
- Use of Proceeds: The proceeds from this offering will be allocated for working capital and general corporate purposes, ensuring DEFSEC has sufficient funding to support its operations and respond to market changes and business expansion needs.
- Transaction Closing Timeline: The transaction is expected to close on or about June 26, 2026, marking DEFSEC's proactive positioning in the capital markets and laying a foundation for the company's long-term growth.
See More
DEFSEC Technologies Announces Direct Offering of Common Shares
- Offering Size: DEFSEC Technologies Inc. is conducting a registered direct offering of 673,006 common shares at a price of CAD$3.74 (approximately USD$2.63) per share, expecting gross proceeds of about CAD$2.5 million, which will enhance the company's financial flexibility for working capital and general corporate purposes.
- Placement Details: Concurrently, the company will issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39, which will be immediately exercisable upon issuance and expire in five years, providing an additional capital source to support future growth.
- Compliance and Registration: The offering is conducted under a
See More
DEFSEC Technologies Announces Direct Offering of 673,006 Shares
- Financing Size: DEFSEC Technologies is conducting a registered direct offering of 673,006 common shares at CAD$3.74 (approximately USD$2.63) per share, with expected gross proceeds of about CAD$2.5 million intended for working capital and general corporate purposes.
- Placement Details: The company will also issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39, which will be immediately exercisable upon issuance and expire in five years, enhancing potential returns for investors.
- Transaction Arrangement: H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering, which is expected to close around June 26, 2026, subject to customary closing conditions, reflecting the company's proactive approach to capital markets.
- Compliance Statement: The offering is conducted under Section 4(a)(2) of the Securities Act of 1933, ensuring that the unregistered warrants and underlying common shares are not sold within the U.S., thereby maintaining compliance and reducing legal risks.
See More
DEFSEC Technologies Reports Q2 Fiscal 2026 Highlights and Product Milestones
- Defense Software Growth: In Q2 Fiscal 2026, DEFSEC's revenue surged by 81% compared to Q2 Fiscal 2025, primarily driven by long-term contracts with the Canadian Department of National Defence, with potential revenues of up to CAD 75 million expected through 2028 and 2029, indicating strong growth prospects in the defense sector.
- Product Launch Milestones: The company achieved significant milestones by making its first sale of PARA SHOTTM ammunition and delivering the BLISSTM prototype for customer qualification and trials, marking a crucial step towards product commercialization and future revenue diversification.
- ARWEN® Product Line Expansion: DEFSEC's ARWEN®40mm ammunition has entered full-rate production with orders from a law enforcement customer in the Western U.S., further validating its competitive edge and growth strategy, which is expected to significantly enhance the company's share in the less-lethal weapons market.
- Stock Option Grant: The company granted a total of 151,552 stock options to directors, executives, and senior managers, with an exercise price of CAD 6.75 per share, subject to TSX Venture Exchange approval, reflecting the company's commitment to management incentives.
See More
