DEFSEC Technologies plans CAD$2.5M registered direct offering

DEFSEC Technologies Inc. (TSXV: DFSC) (NASDAQ: DFSC) has entered into definitive agreements to sell 673,006 common shares at CAD$3.74 (US$2.63) per share in a registered direct offering, according to a press release issued June 25, 2026.

The Ottawa-based company expects gross proceeds of approximately CAD$2.5 million before placement agent fees and other expenses. The company stated it intends to use net proceeds for working capital and general corporate purposes.

In a concurrent private placement, DEFSEC will issue unregistered warrants to purchase up to 673,006 common shares at an exercise price of CAD$4.39 per share. The warrants will be immediately exercisable upon issuance and expire five years from the date of issuance.

The closing of the offering is expected to occur on or about June 26, 2026, subject to customary closing conditions and approval from the TSX Venture Exchange. H.C. Wainwright & Co. is acting as the exclusive placement agent.

The common shares are being offered under a shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission on February 20, 2024, and declared effective on March 4, 2024. The unregistered warrants are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933.

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