KWESST Micro Systems Inc. Announces Upsizing of Private Placement and Closing of First Tranche
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 22 2025
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Source: Yahoo Finance
Private Placement Announcement: KWESST Micro Systems Inc. has closed the first tranche of a private placement, raising approximately CAD$3.5 million by issuing common shares and pre-funded warrants, bundled with common share purchase warrants.
Future Plans and Offerings: Due to investor interest, KWESST plans to increase the offering with a second tranche expected to close soon, while proceeds will be used for general working capital purposes.
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.
