DEFSEC Technologies closes CAD$6.8 million public offering

DEFSEC Technologies Inc. (NASDAQ: DFSC) (TSXV: DFSC) completed a public offering that raised approximately CAD$6.8 million in gross proceeds before fees and expenses, according to a company statement.

The Ottawa-based defense technology company sold 759,879 common shares and accompanying warrants at a combined price of CAD$8.955 per unit. The warrants allow holders to purchase additional shares at CAD$10.52 each and expire five years from issuance.

H.C. Wainwright & Co. served as the exclusive placement agent for the offering. DEFSEC paid the placement agent a cash fee of CAD$510,354 and issued 56,991 placement agent warrants exercisable at CAD$11.1938 per share for five years.

The company stated it plans to use net proceeds for working capital and general corporate purposes. The offering was conducted under a registration statement that became effective with the Securities and Exchange Commission on July 23, 2025.

DEFSEC develops tactical systems for military and security forces, including digitization technology for real-time situational awareness and countermeasures against electronic detection, lasers and drones. The company also produces non-lethal products under its PARA OPS brand for law enforcement applications.

The TSX Venture Exchange approved the offering. DEFSEC maintains headquarters in Ottawa with offices in London and Abu Dhabi.

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