Liberty Announces the Successful Receipt of $2.97m from the $0.55 Accelerated Warrant Process and Concurrently Cancels 7,085,725 Warrants
Liberty Defense Holdings (TSXV: SCAN, OTCQB: LDDFF) has successfully completed the acceleration of warrant expiry, resulting in the exercise of 5,414,275 warrants at $0.55 per share, generating gross proceeds of $2.97 million. This follows their recent private placement that raised $8 million on December 18th, 2024.
The transaction resulted in the issuance of 5,414,275 common shares, while 7,085,725 unexercised warrants were cancelled. The total outstanding shares post-exercise is now 48,759,122. The newly issued common shares are subject to a hold period until April 19, 2025.
CEO Bill Frain highlighted that the strong participation from both new and existing shareholders strengthens the company's ability to meet current market demand and execute its long-term strategy. The additional funds will be used to advance their pipeline, drive efficiencies, and improve performance metrics across their technologies.
Liberty Defense Holdings (TSXV: SCAN, OTCQB: LDDFF) ha completato con successo l'accelerazione della scadenza delle opzioni, portando all'esercizio di 5.414.275 opzioni a $0,55 per azione, generando proventi lordi di $2,97 milioni. Questo segue il loro recente collocamento privato che ha raccolto $8 milioni il 18 dicembre 2024.
La transazione ha comportato l'emissione di 5.414.275 azioni ordinarie, mentre 7.085.725 opzioni non esercitate sono state annullate. Il numero totale di azioni in circolazione dopo l'esercizio è ora di 48.759.122. Le nuove azioni ordinarie sono soggette a un periodo di blocco fino al 19 aprile 2025.
Il CEO Bill Frain ha sottolineato che la forte partecipazione da parte di azionisti sia nuovi che esistenti rafforza la capacità dell'azienda di soddisfare la domanda attuale del mercato e di attuare la sua strategia a lungo termine. I fondi aggiuntivi saranno utilizzati per far avanzare il loro pipeline, migliorare l'efficienza e ottimizzare i parametri di prestazione delle loro tecnologie.
Liberty Defense Holdings (TSXV: SCAN, OTCQB: LDDFF) ha completado con éxito la aceleración del vencimiento de las opciones, lo que resultó en el ejercicio de 5,414,275 opciones a $0.55 por acción, generando ingresos brutos de $2.97 millones. Esto sigue a su reciente colocación privada que recaudó $8 millones el 18 de diciembre de 2024.
La transacción resultó en la emisión de 5,414,275 acciones ordinarias, mientras que 7,085,725 opciones no ejercidas fueron canceladas. El total de acciones en circulación después del ejercicio es ahora de 48,759,122. Las nuevas acciones ordinarias están sujetas a un período de bloqueo hasta el 19 de abril de 2025.
El CEO Bill Frain destacó que la fuerte participación de accionistas tanto nuevos como existentes refuerza la capacidad de la empresa para satisfacer la demanda actual del mercado y ejecutar su estrategia a largo plazo. Los fondos adicionales se utilizarán para avanzar en su pipeline, impulsar la eficiencia y mejorar las métricas de rendimiento en sus tecnologías.
리버티 방어 홀딩스 (TSXV: SCAN, OTCQB: LDDFF)가 공모권 만료 가속화를 성공적으로 완료하여 5,414,275개의 공모권을 주당 $0.55에 행사하여 총 $2.97 백만의 수익을 창출했습니다. 이는 2024년 12월 18일에 $8백만을 모집한 최근 사모 펀딩을 따르는 것입니다.
이번 거래로 5,414,275개의 보통주가 발행되었고, 7,085,725개의 미행사 공모권은 취소되었습니다. 행사 후 총 발행 주식 수는 현재 48,759,122주입니다. 새로 발행된 보통주는 2025년 4월 19일까지 보유 기간을 가집니다.
CEO 빌 프레인은 기존 및 신규 투자자들의 강력한 참여가 회사의 현재 시장 수요를 충족하고 장기 전략을 실행하는 능력을 강화한다고 강조했습니다. 추가 자금은 그들의 파이프라인을 진행하고, 효율성을 높이며, 기술 전반의 성과 지표를 개선하는 데 사용될 것입니다.
Liberty Defense Holdings (TSXV: SCAN, OTCQB: LDDFF) a réussi à achever l'accélération de l'expiration des bons d'achat, entraînant l'exercice de 5 414 275 bons à 0,55 $ par action, générant des recettes brutes de 2,97 millions $. Cela fait suite à leur récente émission privée qui a récolté 8 millions $ le 18 décembre 2024.
La transaction a abouti à l'émission de 5 414 275 actions ordinaires, tandis que 7 085 725 bons non exercés ont été annulés. Le nombre total d'actions en circulation après l'exercice est maintenant de 48 759 122. Les nouvelles actions ordinaires sont soumises à une période de blocage jusqu'au 19 avril 2025.
Le PDG Bill Frain a souligné que la forte participation des nouveaux et anciens actionnaires renforce la capacité de l'entreprise à répondre à la demande actuelle du marché et à exécuter sa stratégie à long terme. Les fonds supplémentaires seront utilisés pour faire avancer leur pipeline, améliorer l'efficacité et optimiser les indicateurs de performance de leurs technologies.
Liberty Defense Holdings (TSXV: SCAN, OTCQB: LDDFF) hat erfolgreich die Beschleunigung der Ablaufzeit von Warrants abgeschlossen, was zur Ausübung von 5.414.275 Warrants zu einem Preis von $0,55 pro Aktie führte und Bruttoeinnahmen von $2,97 Millionen generierte. Dies folgt auf ihre kürzliche Privatplatzierung, die am 18. Dezember 2024 $8 Millionen einbrachte.
Die Transaktion führte zur Ausgabe von 5.414.275 Stammaktien, während 7.085.725 nicht ausgeübte Warrants storniert wurden. Die Gesamtzahl der ausstehenden Aktien nach der Ausübung beträgt nun 48.759.122. Die neu ausgegebenen Stammaktien unterliegen einer Haltedauer bis zum 19. April 2025.
CEO Bill Frain hob hervor, dass die starke Beteiligung sowohl neuer als auch bestehender Aktionäre die Fähigkeit des Unternehmens stärkt, der aktuellen Marktnachfrage gerecht zu werden und seine langfristige Strategie umzusetzen. Die zusätzlichen Mittel werden verwendet, um ihre Pipeline voranzutreiben, die Effizienz zu steigern und die Leistungskennzahlen in ihren Technologien zu verbessern.
- Raised $2.97 million through warrant exercise at $0.55 per share
- Strong participation from both new and existing shareholders
- Follows recent successful $8 million private placement
- 7,085,725 warrants remained unexercised and were cancelled
- New shares subject to hold period until April 19, 2025, limiting trading liquidity
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia and WILMINGTON, Mass., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, announces that further to its new release dated December 31, 2024, it completed the acceleration of the expiry date of common share purchase warrants of the Company (the “Warrants”) issued on December 18, 2024 as part of private placement. The Company issued 5,414,275 common shares of the Company (“Common Share”) on the exercise of 5,414,275 Warrants at an exercise price of
- 12,500,000 Common Share Warrant Option issued as part of the Private Placement
- 5,414,275 Warrants exercised at
$0.55 per share for gross proceeds of$2,977,851 - 7,085,725 Warrants cancelled
- Total shares outstanding post exercise is 48,759,122
Bill Frain, CEO, stated, “We are extremely pleased with the robust participation in the warrant offering from both new and existing shareholders. This strong support greatly strengthens our capacity to meet current market demand and positions the Company for the successful execution of our long-term strategy. The additional
The Common Shares issued pursuant to the exercise of the Warrants are subject to a hold period and cannot be traded until April 19, 2025.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such an offer, solicitation or sale would be unlawful.
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
Liberty Defense (TSXV: SCAN, OTCQB: LDDFF) provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Liberty's HEXWAVE product, for which the company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com
For further information about Liberty, please contact:
Jay Adelaar, Senior Vice President of Capital Markets
Email: jay@libertydefense.com
Tel: 604-809-2500
FORWARD-LOOKING STATEMENTS
When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its 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 press release.
FAQ
How much did Liberty Defense (LDDFF) raise from the warrant exercise in January 2025?
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