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KWESST Comments on Recent Market Activity

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KWESST Micro Systems (NASDAQ: KWE) has issued a statement in response to recent unusual market activity. The company, following a request from CIRO, confirmed that its management is unaware of any material change in operations that could explain the recent increase in market activity. The statement was released on December 17, 2024, addressing both NASDAQ and TSXV trading activity.

KWESST Micro Systems (NASDAQ: KWE) ha rilasciato una dichiarazione in risposta a recente attività di mercato insolita. L'azienda, a seguito di una richiesta di CIRO, ha confermato che la sua direzione è ignara di qualsiasi cambiamento materiale nelle operazioni che potrebbe spiegare l'aumento recente dell'attività di mercato. La dichiarazione è stata pubblicata il 17 dicembre 2024, riguardando sia l'attività di negoziazione NASDAQ che quella TSXV.

KWESST Micro Systems (NASDAQ: KWE) ha emitido un comunicado en respuesta a la reciente actividad inusual del mercado. La empresa, tras una solicitud de CIRO, confirmó que su dirección está desconocedora de cualquier cambio material en las operaciones que podría explicar el aumento reciente en la actividad del mercado. El comunicado se publicó el 17 de diciembre de 2024, abordando tanto la actividad comercial de NASDAQ como la de TSXV.

KWESST Micro Systems (NASDAQ: KWE)는 최근 비정상적인 시장 활동에 대한 성명을 발표했습니다. CIRO의 요청에 따라 회사 측은 운영의 중대한 변화에 대해 알지 못한다고 확인했습니다. 이 성명서는 2024년 12월 17일에 발표되었으며, NASDAQ 및 TSXV 거래 활동을 모두 다루고 있습니다.

KWESST Micro Systems (NASDAQ: KWE) a publié un communiqué en réponse à une récente activité de marché inhabituelle. L'entreprise, suite à une demande de la CIRO, a confirmé que sa direction n'est au courant d'aucun changement matériel dans ses opérations qui pourrait expliquer l'augmentation récente de l'activité sur le marché. Le communiqué a été diffusé le 17 décembre 2024, et concerne à la fois l'activité de négociation NASDAQ et TSXV.

KWESST Micro Systems (NASDAQ: KWE) hat eine Erklärung als Reaktion auf die jüngste ungewöhnliche Marktaktivität abgegeben. Das Unternehmen bestätigte auf Anfrage von CIRO, dass das Management von keiner wesentlichen Veränderung in den Abläufen weiß, die den jüngsten Anstieg der Marktaktivität erklären könnte. Die Erklärung wurde am 17. Dezember 2024 veröffentlicht und bezieht sich sowohl auf die Handelsaktivität von NASDAQ als auch von TSXV.

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Ottawa, Ontario--(Newsfile Corp. - December 17, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) ("KWESST" or the "Company") wishes to confirm at the request of CIRO that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

About KWESST

KWESST (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other KWESST products include countermeasures against threats such as 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 TAK. The company also has a new proprietary non-lethal product line branded PARA OPSTM with application across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada with representative offices in London, UK and Abu Dhabi, UAE.

For more information, please visit https://kwesst.com/

Contact:
David Luxton, Executive Chairman: luxton@kwesst.com or
Sean Homuth, President and CEO: homuth@kwesst.com or
Kris Denis, Chief Financial Officer: denis@kwesst.com or
Jason Frame, Investor Relations: frame@kwesst.com or 587-225-2599

Neither the TSX Venture Exchange nor its respective Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234155

FAQ

What caused KWESST (KWE) stock's recent market activity increase in December 2024?

According to KWESST's management statement on December 17, 2024, there are no known material changes in company operations that would explain the recent increase in market activity.

Did KWESST (KWE) report any material changes in its operations in December 2024?

No, KWESST's management explicitly stated they are unaware of any material changes in the company's operations that would account for the recent market activity.

Why did KWESST (KWE) issue a statement about its market activity on December 17, 2024?

KWESST issued the statement at the request of CIRO to address recent unusual market activity and confirm there were no material operational changes.

What exchanges does KWESST (KWE) trade on as of December 2024?

KWESST trades on both NASDAQ (under symbols KWE and KWESW) and TSXV (under symbols KWE and KWE.WT.U).

KWESST Micro Systems Inc.

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