Reported Earnings • May 05
Full year 2025 earnings released: US$10.49 loss per share (vs US$23.19 loss in FY 2024) Full year 2025 results: US$10.49 loss per share. Revenue: US$1.50m (down 39% from FY 2024). Net loss: US$14.1m (loss widened 60% from FY 2024). Board Change • Apr 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. CEO & Director Bill Frain is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 22
Liberty Defense Holdings, Ltd. has completed a Follow-on Equity Offering in the amount of $19.999925 million. Liberty Defense Holdings, Ltd. has completed a Follow-on Equity Offering in the amount of $19.999925 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,673,638
Price\Range: $4.5
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 770,807
Price\Range: $4.4999
Transaction Features: New Market Listing; Sponsor Backed Offering Announcement • Feb 05
Liberty Defense Holdings, Ltd. has filed a Follow-on Equity Offering in the amount of $15 million. Liberty Defense Holdings, Ltd. has filed a Follow-on Equity Offering in the amount of $15 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: New Market Listing Announcement • Jan 16
Liberty Defense Holdings, Ltd. announced that it has received CAD 2.614674 million in funding On January 15, 2026, Liberty Defense Holdings, Ltd. closed the transaction and its final tranche. The company issued 3,943,207 units at the price of CAD 0.22 per Unit for gross proceeds of approximately CAD 867,505.54 in its second and final tranche. Together with the first tranche the company raised total gross proceeds of CAD 2,614,673.16. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder there of to purchase one Common Share of the Company from March 17, 2026 until January 15, 2027 at the exercise price of CAD 0.30 per Warrant Share. The Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions to the Listed Issuer Financing Exemption, accordingly, the securities issued in the Offering are not subject to a hold period in accordance with applicable Canadian securities laws. Announcement • Dec 02
Liberty Defense Holdings, Ltd. announced that it expects to receive CAD 5.2 million in funding Liberty Defense Holdings, Ltd. announced non-brokered private placement of a minimum of 12,000,000 units at a price of CAD 0.26 for gross proceeds of CAD 3,120,000 and a maximum of 20,000,000 Units at a price of CAD 0.26 for gross proceeds of CAD 5,200,000 on December 2, 2025. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at an exercise price of CAD 0.35 per Warrant Share from the date that is 61 days after the closing date of the Offering until the date that is 24 months following the date of closing of the Offering. Upon closing of the Offering, the Company may pay a (i) a finder’s fee equal to up to 7.0% of the aggregate gross proceeds of the Offering and (ii) issue non-transferrable warrants of the Company exercisable at any time prior to the date that is 24 months from the Closing Date to acquire that number of Common Shares equal to 7.0% of the number of Units issued under the Offering, at an exercise price of CAD 0.35, subject to adjustment in certain events. The Offering is scheduled to close on or about December 19, 2025 and completion of the Offering is subject to certain conditions including, but not limited to, receiving subscriptions for the minimum amount of CAD 3,120,000 under the Offering and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The Warrants will be subject to 10% blocker provision that restricts the exercise of any Warrants in the event that such exercise would result in the applicable securityholder holding 10% or more of the issued and outstanding Common Shares at such time. The Offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions to the Listed Issuer Financing Exemption (the “LIFE Exemption”) to purchasers resident in each of the Provinces of Canada, except Quebec. The Units issued pursuant to the LIFE Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. Announcement • Oct 30
Liberty Defense Holdings, Ltd., Annual General Meeting, Dec 12, 2025 Liberty Defense Holdings, Ltd., Annual General Meeting, Dec 12, 2025. Location: british columbia, vancouver Canada Announcement • Oct 29
Liberty Defense Holdings Ltd. Announces Award of HEXWAVE Systems at One of the Largest International Airports in the U.S. for Aviation Worker Screening Liberty Defense Holdings Ltd. announced the award of multiple HEXWAVE systems at one of the largest international airports in the United States for the conducting of Aviation Worker Screening. This prominent international airport, one of the largest in the world, serves tens of millions of passengers per year and has tens of thousands of employees. Following the Transportation Security Administration's (TSA) National Amendment on Aviation Worker Screening, the airport was required to implement on person screening technologies for aviation workers that provide a broad range of threat and explosive detection capabilities. Implementation of HEXWAVE within this airport will enable fast, contactless threat detection, enhancing security while streamlining the screening experience. Using millimeter wave technology, advanced 3D imaging, and artificial intelligence, HEXWAVE can detect both metallic and non-metallic threats--including liquid, plastic, and powder explosives, 3D-printed weapons, and other prohibited items. This high-throughput, walkthrough system delivers automated, real-time detection with exceptional accuracy and efficiency. Designed for scalability across airports, public venues, government facilities, and commercial environments, HEXWAVE represents a transformative advancement in security screening. By combining speed, precision, and a seamless user experience, HEXWAVE is positioned to set a new industry standard for next-generation safety technology, enhancing public security worldwide. Announcement • Sep 23
Liberty Defense Holdings Ltd. Completes Significant Milestone for High-Definition Advanced Imaging Technology Kit (HD-AIT) Delivers Kit to Transportation Security Lab for Test and Evaluation Liberty Defense Holdings Ltd. announced the completion of its design improvements to the High-Definition Advanced Imaging Technology (HD-AIT) wideband upgrade kit, pending safety and regulatory system validation testing. The upgrade was funded by the U.S. Transportation Security Administration (TSA) as part of its initiative to advance aviation security infrastructure, by improving the capabilities and extending the lifecycle of existing deployed body scanners. Liberty Defense has delivered the upgrade kit to the TSA for evaluation and testing at the Transportation Security Laboratory (TSL). The HD-AIT people screening technology platform for threat detection utilizes a wider frequency bandwidth, which enhances resolution and signal detail, and supports third-party development of Machine Learning Automated Threat Recognition (ATR) algorithms intended to achieve improved threat detection with a lower false alarm rate, resulting in a better passenger experience. The HD-AIT upgrade kit being developed is designed to enhance the capabilities of an existing AIT unit using Open Architecture, allowing the use of third-party hardware and software components. Per the TSA, Open Architecture is a technology-design approach for software and hardware that uses widely accepted standards to ensure interoperability across tools and platforms regardless of the technology designer, manufacturer, or supplier. The design and development of the upgraded system have been finalized, and Liberty internal performance validation confirms that the HD-AIT enhanced body scanner is expected to meet or exceed the detection capabilities of the experimental prototype originally developed by Pacific Northwest National Labs. The system being delivered to TSL will be used to collect data critical to training the third-party threat detection algorithms. The TSL is a Department of Homeland Security (DHS) Federal Laboratory. Announcement • Sep 10
Liberty Defense Holdings, Ltd. Appoints Anjana Rajan to Strategic Advisory Board Liberty Defense Holdings Ltd. announced that Ms. Anjana Rajan, the former Assistant National Cyber Director for Technology Security at the White House and a Palantir veteran, has joined its Strategic Advisory Board (SAB). With this appointment, Liberty has completed the formation of its SAB, which will provide guidance as the Company scales its innovative security solutions in the United States and globally. Ms. Rajan is an entrepreneur, cryptographer, and policymaker who works at the nexus of national security and human rights. As Assistant National Cyber Director for Technology Security, she led efforts to apply the President’s National Cybersecurity Strategy to real-world issues, including open-source software, generative AI, and space. She was the first Chief Technology Officer of the Polaris Project, one of the largest anti-human trafficking NGOs in the United States, and served as Chief Technology Officer of Callisto, a Y Combinator-backed, Skoll Award-winning social enterprise that builds advanced cryptographic technology to combat sexual assault. She also served as a forward-deployed engineer at Palantir, working across Europe and the Middle East, and most notably led a high-impact deployment in the energy sector. Ms. Rajan is also a former elite triathlete who raced for Team USA at two World Championships. Announcement • Jul 30
Liberty Defense Holdings, Ltd. announced that it has received CAD 4.4 million in funding On July 29, 2025, Liberty Defense Holdings Ltd closed the transaction. In connection with the offering, the company paid to certain finders cash commissions of CAD 158,393.99 and issued 719,973 non-transferable warrants of the company, exercisable at any time until July 28, 2025, to acquire one common share at an exercise price of CAD 0.35, subject to adjustment in certain events. Announcement • Jul 15
Liberty Defense Holdings Ltd.'s NextGen Security Takes Off at Palm Springs International Airport Liberty Defense Holdings Ltd. announced the launch of its next-generation HEXWAVE system at the Palm Spring International Airport (PSP) to screen aviation workers for metallic and non-metallic threats. This technology satisfies a new TSA mandate on airport employee screening. PSP and Liberty Defense are raising the bar for aviation security as this new requirement comes closer to becoming mandatory for approximately 175 U.S. airports. The TSA mandate (TSA-NA-32-02), introduced in 2023 and set to be fully enforced by April 2026, requires U.S. airports to implement employee screening procedures capable of detecting explosive threats for employees accessing secure areas. PSP selected Liberty's HEXWAVE system in January 2025 as the airport continues to lead the industry in meeting this important federal security directive. HEXWAVE is deployed with the help of Veteran High Risk Security Solutions, a California Certified small business that is Veteran owned and operated. Announcement • Jul 09
Liberty Defense Holdings, Ltd. announced that it expects to receive CAD 3.75 million in funding Liberty Defense Holdings, Ltd. announced a non-brokered private placement to issue minimum 11,363,636 units at an issue price of CAD 0.22 for minimum gross proceeds of CAD 2,499,999.92 and maximum 17,045,454 units at an issue price of CAD 0.22 for maximum gross proceeds of CAD 3,749,999.88 on July 8, 2025. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of CAD 0.35 per warrant share from the date that is 61 days after the closing date of the offering until the date that is 12 months following the date of closing of the offering. The units issued pursuant to the LIFE exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. Upon closing of the offering, the company may pay a finder’s fee equal to up to 6% of the aggregate gross proceeds of the offering and issue non-transferrable warrants of the company exercisable at any time prior to the date that is 12 months from the closing date to acquire that number of common shares equal to 6% of the number of units issued under the offering, at an exercise price of CAD 0.35, subject to adjustment in certain events. The offering is scheduled to close on or about July 22, 2025 and completion of the offering is subject to certain conditions including, but not limited to, receiving subscriptions for the minimum amount of CAD 2,500,000 under the offering and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Announcement • Jun 25
Liberty Defense Holdings, Ltd. Appoints Thomas Monheim to its Newly Formed Strategic Advisory Board Liberty Defense Holdings Ltd. announced that The Honorable Thomas Monheim, former Inspector General for the US Intelligence Community and current Executive Director, Global Compliance Investigations and Ombuds, for GE Aerospace, has joined new Strategic Advisory Board which will have up to nine Members. This new Board will help focus and guide Liberty Defense in its journey to scale its technology, both in the United States and globally. Tom Monheim dedicated more than three decades of service to the United States, beginning as a Judge Advocate in the US Air Force and finally serving as the Senate confirmed Inspector General of the US Intelligence Community (USIC). Mr. Monheim has served as the General Counsel of the National Geospatial-Intelligence Agency, Deputy General Counsel at the Office of the Director of National Intelligence, Senior Legal Counsel at the National Counterterrorism Center, Associate Deputy Attorney General at the Department of Justice, and Associate Counsel to the President at the White House. Mr. Monheim retired as a Colonel from the U.S. Air Force Reserve. He earned numerous distinguished government service awards, including the Presidential Meritorious Executive Award, the Director of National Intelligence Exceptional Service Award, the Legion of Merit, and the Bronze Star. Mr. Monheim is a graduate of the University of Pennsylvania, the University of California Los Angeles School of Law, and the National War College. In his current role at GE Aerospace, Mr. Monheim leads the open reporting and compliance investigation programs and teams in the company that is a provider of jet and turboprop engines, components, and integrated systems for commercial, military, business, and general aviation aircraft. Announcement • May 06
Liberty Defense Holdings, Ltd. Completes Third Party Testing with National Safe Skies Alliance for Aviation Security Liberty Defense Holdings Ltd. announced that the HEXWAVE™? recently completed operational test and evaluation at a major Category X airport in the US. Liberty's HEXWAVE product, a next generation, walkthrough, contactless threat detection system for concealed metallic and non-metallic objects, uses AI to provide automated decisions to security operators to process people at speed. The HEXWAVE is deployed and screening patrons at US and International airports, courthouses, correction facilities, national laboratories, and universities. National Safe Skies Alliance (Safe Skies), an independent third-party, non-profit organization funded by the Federal Aviation Administration, conducts thorough testing of security systems' detection capabilities, reliability, and maintainability under active airport operational and environmental conditions. Safe Skies performs its evaluations under an ISO 9001:2015-approved Quality Management System. Under the Airport Security System Integrated Support Testing (ASSIST) program, Safe Skies uses its expertise in airport security technologies to deliver product research services, pre-operational evaluations, and airport assessments which are valued resources for commercial service airports seeking objective and practical support to enhance their security operations. Announcement • Apr 01
Liberty Defense Holdings Ltd. Appoints Mary Beth Long to Its Strategic Advisory Board Liberty Defense Holdings Ltd. announced that The Honorable Mary Beth Long, former Assistant Secretary of Defense for International Security Affairs and Independent Director of AeroVironment has joined its new Strategic Advisory Board. This new Board will help focus and guide Liberty Defense in scaling its groundbreaking technology globally and executing its growth strategy as a leader in security and detection applications. Mary Beth Long served as US Assistant Secretary of Defense under Secretary Robert Gates, making her the first woman confirmed to a four-star military equivalent position in U.S. history, and also served as the Chair of NATO’s Nuclear and Missile Defense High-Level Group. Before that, she served as a career clandestine CIA officer, and she has been deeply involved in aviation and related security matters for nearly two decades. Ms. Long founded two multi-million-dollar advisory firms and a government contracting firm before joining AeroVironment as an Independent Director in 2023. She is a member of the Council on Foreign Relations and of the U.S. Chamber of Commerce Defense and Aerospace Export Council. She is the Reynolds Family Fellow for Global Security for the Woodrow Wilson Center and serves on the Boards of Directors of the International Spy Museum and the Defense Intelligence Memorial Fund. Ms. Long also served as a professor of practice at The Pennsylvania State University’s Graduate School of International Affairs and is a member of the university’s global advisory board. Announcement • Mar 20
Liberty Defense Holdings, Ltd. has completed a Composite Units Offering in the amount of CAD 5.00115 million. Liberty Defense Holdings, Ltd. has completed a Composite Units Offering in the amount of CAD 5.00115 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 3,031,000
Price\Range: CAD 1.65
Discount Per Security: CAD 0.099
Transaction Features: Regulation S; Rule 144A Announcement • Feb 26
Liberty Defense Holdings, Ltd. Announces Executive Chairman Changes Liberty Defense Holdings Ltd. announced that Jason Burinescu has been named as Liberty Defense’s new Executive Chairman of the Board, effective immediately. Daryl Rebeck is stepping down as Executive Chairman after serving in that capacity for the past four years. Mr. Burinescu is a Managing Partner of Vision Equity Partner Solutions, an investment and advisory firm (“Vision”). Before Vision, Jason led business development and served as a senior member of the investment team at Fletch Equity, a Los Angeles based private equity firm that has completed more than $1 billion in total transaction value. His investment experience is further augmented by his experience as a senior operating executive at a number of firms that he helped scale including SaaS cyber security company Vera, which was successfully acquired by Help Systems (private equity backed by TA Associates ($45B AUM) and Harvest Partners ($21.5B AUM)), and media companies Leftfield Pictures, which was acquired by ITV and Renegade 83, which was acquired by Entertainment One, now part of Lions Gate. Announcement • Jan 22
Federal Communications Commission Grants Liberty Defense Holdings, Ltd.'s Waiver for High-Definition AIT Upgrade Kit Liberty Defense Holdings, Ltd. announced that the High-Definition Advanced Imaging Technology (HD-AIT) upgrade kit was granted a formal waiver authorization approval from the Federal Communications Commission, another important milestone for its ultra-wideband high definition imaging technology. Radio Frequency devices are required to be properly authorized before marketing the product in the United States. The Office of Engineering and Technology (OET) administers the equipment authorization program under the authority delegated to it by the Commission. This program is one of the principal ways the Commission ensures that RF devices used in the United States operate effectively without causing harmful interference and otherwise comply with the Commission’s rules. All RF devices subject to equipment authorization must comply with the Commission’s technical requirements prior to importation or marketing. This certainly can prove to be a barrier to entry in the securities market. Liberty licensed millimeter wave-based HD-AIT body scanner and shoe screener technologies in March of 2021. Both technologies were developed by researchers at the Pacific Northwest National Laboratory, funded by U.S. Department of Homeland Security Science and Technology Directorate on behalf of the Transportation Security Administration mission. Liberty is now developing the technology in house with its experienced team of engineers. Announcement • Jan 15
Liberty Defense Holdings, Ltd. Appoints Bryan Cunningham as President of Liberty Defense Liberty Defense Holdings Ltd. announced that Bryan Cunningham has been named as Liberty Defense’s new President, effective January 13, 2025. Mr. Cunningham is a lawyer, senior security expert, former CIA intelligence officer, and technology executive, who has a long career protecting the US and allied critical assets at home and around the globe against emerging threats. He presently is senior counsel and adviser to Palantir Technologies PLTR-Q, working with the company through its growth from fewer than 30 employees to more than 4,000. He currently serves as Executive Director of Palantir’s outside advisory board on privacy and civil liberties and has been a key officer at several other tech startups. Mr. Cunningham previously served as Deputy Legal Adviser to National Security Advisor Condoleezza Rice, worked with the US 9/11 Commission, and has been a senior advisor to the Chertoff Group. Mr. Cunningham has been involved in the critical aviation security space since shortly after 9/11, drafting significant portions of the Homeland Security Act and providing security and regulatory advice and counsel to the American Association of Airline Executives. He was awarded the National Intelligence Medal of Achievement for helping stand up the first US terrorism threat integration center and has served on numerous security-related government and private task forces. Announcement • Dec 20
Liberty Defense Holdings, Ltd. announced that it has received CAD 8 million in funding On December 19, 2024. Liberty Defense Holdings, Ltd. has closed the transaction. In connection with the closing of the Offering, the Company paid an aggregate of CAD 400,339.52 for finder's fees and issued 1,251,062 finder's warrants. Announcement • Nov 29
Liberty Defense Holdings, Ltd. announced that it expects to receive CAD 8 million in funding Liberty Defense Holdings, Ltd. announced a non-brokered private placement on November 28, 2024. The company will issue 25,000,000 units at CAD 0.32 per unit for gross proceeds of up to CAD 8,000,000. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional Share at a price of CAD 0.55 for a period of 24 months from the closing of the offering. The Warrants are subject to an accelerated expiry if, any time after the closing date of the Offering, the closing price of the Shares on the TSX Venture Exchange, or such other market as the Shares may trade from time to time, is or exceeds CAD 0.70 for any five consecutive trading days, in which event the holders of the Warrant may, at the Company's election, be given notice and the Company will issue a press release announcing that the Warrants will expire 5 days following the date of such press release. The Warrants may be exercised by the holder of the Warrant during the 5-day period between the date of the press release announcing the accelerated expiry date and the expiration of the Warrants. Finder's fees may be payable in connection with the completion of the Offering in accordance with TSXV policies. Announcement • Nov 21
Liberty Defense Holdings, Ltd. announced that it has received $0.69755 million in funding On November 20, 2024, Liberty Defense Holdings, Ltd closed the transaction. The company issued 4,650,333 special warrants at a price of $0.15 per warrant for the gross proceeds of $6,97,549.95. Non-cash commissions of 190,510 finders' warrants Announcement • Oct 08
Liberty Defense Holdings, Ltd., Annual General Meeting, Dec 06, 2024 Liberty Defense Holdings, Ltd., Annual General Meeting, Dec 06, 2024. Location: british columbia, vancouver Canada Announcement • Aug 21
Liberty Defense Displays Impressive Results of the HEXWAVE from on Person Borne Improvised Explosive Device Scoping Trial Liberty Defense Holdings Ltd. announced that the HEXWAVE™ system demonstrated exceptional results from the scoping trial for the detection of On Person Borne IED's. The results were released from a trial held late last year, which was a collaboration between US government agencies, US Military and NATO countries to collect and analyze security detection performance data for the purpose of determining Person Borne IEDs (PBIEDs) detection capabilities of US and European partners for Force Protection. PBIED simulants included metal, clay, sugar, plastics, and wood. Simulated metallic and non-metallic shrapnel were also used. Weapons included inert pistols and an inert rifle, inert hand grenades, various knives, and backpack bombs (simulated using a pressure cooker and metallic Shrapnel). During the trial, the next generation screening capabilities of the HEXWAVE walkthrough system was evaluated for the following: Continuous, contactless, high throughput flow of screening without having to pause or stop, No need to remove benign items like cell phones, keys, and wallets, Detection of non-metallic and metallic threats such as liquid, powder, and plastic explosives, incendiary devices, and unauthorized weapons like 3D printed ghost guns and more, Automated detection with threat location on the resolution station for ease of clearing alarm, Quick setup and portability of the system. The system was tested over the 2 days with approximately 400 scans with individuals using more than 25 types of concealed threats. For security reasons the actual threats used and the specific performance on those threats is considered "Classified" and that information will not be provided. Announcement • Jun 05
Liberty Defense Holdings, Ltd. announced that it expects to receive $1 million in funding Liberty Defense Holdings, Ltd. announced a non-brokered private placement that it will issue 6,666,666 special warrants at a price of $0.15 per warrant for the gross proceeds of $1,000,000 on June 3, 2024. Each special warrant will automatically convert into one unit of the company, each unit shall consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one share at a price of $0.2 per share for a period of three years following the date of issue. Announcement • Apr 16
Liberty Defense Holdings, Ltd. Receives Formal Approval from Canadian Government for Immediate Deployment of HEXWAVE Liberty Defense Holdings Ltd. announced that the HEXWAVE product was granted a formal equipment authorization approval from the Innovation, Science and Economic Development Canada (ISED), another important milestone for Liberty's ultra-wideband technology. This certification allows the Company to deploy HEXWAVE for commercial and government applications throughout Canada. Liberty's HEXWAVE product, a next generation, walkthrough, contactless threat detection system uses low-power radar imaging, coupled with AI and computing platform, to detect concealed metallic and non-metallic threats at speed, providing automated decisions to security operators. The company has sold the HEXWAVE to multiple market verticals including aviation, courthouses, national labs, prisons, and government facilities. Radio Frequency devices are required to be properly authorized before marketing and deploying the product in Canada. ISED Canada certification is a mandatory process for any radio equipment that wants to be sold or imported into Canada. This certification ensures that the equipment meets all the technical requirements and safety standards set by ISED Canada. This certainly can prove to be a barrier to entry in the securities market. Announcement • Dec 07
Liberty Defense Holdings, Ltd. announced that it expects to receive CAD 1.18 million in funding Liberty Defense Holdings, Ltd. announces non-brokered private placement of 5,900,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 1,180,000 on December 6, 2023.Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share of the Company for a period of 36 months following the closing date of the Offering at an exercise price of CAD 0.30 per Warrant Share. The company will pay to certain eligible finders a cash finder's fee of up to 7.0% of the aggregate gross proceeds of the Offering. The Company may also issue to such finders non-transferrable warrants of the Company exercisable at any time prior to the date that is 36 months from the Closing Date to acquire that number of Common Shares equal to 7.0% of the number of Units issued under the Offering, at an exercise price equal to the Offering Price, subject to adjustment in certain events. The transaction is expected to close on December 31, 2023 and is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Announcement • Oct 18
Liberty Defense Holdings, Ltd. announced that it has received funding from The Transportation Security Administration Liberty Defense Holdings, Ltd. announced that it has received a round of funding from new investor The Transportation Security Administration on October 17, 2023. Announcement • Oct 06
Liberty Defense Holdings, Ltd. announced that it has received CAD 3.565527 million in funding On October 5, 2023, Liberty Defense Holdings, Ltd. closed the transaction. The company now issued 17,827,635 units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 3,565,527. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at the exercise price of CAD 0.30 per Warrant Share. In connection with the Offering, the Company paid to the Agents a cash commission of CAD 121,445.54; 607,228 non-transferrable warrants of the Company exercisable at any time until October 5, 2026 to acquire one Common Share at an exercise price of CAD 0.20, subject to adjustment in certain events; a corporate finance fee of CAD 150,000 of which CAD 50,000 was paid in cash and CAD 100,000 was paid by the issuance of 500,000 Common Shares issued at the deemed price of CAD 0.20 per Common Share; and the Agents' out-of-pocket expenses, including legal fees. Insiders of the Company participated in the Offering for CAD 80,000, and such Units issued to insiders are subject to a four month hold period pursuant to applicable policies of the TSX Venture Exchange. Announcement • Aug 31
Liberty Defense Launches Hexwave Product for Commercial Applications Liberty Defense Holdings Ltd. announced that it has completed production of the first HEXWAVE systems, capable of detecting non-metallic and metallic threats, including 3D printed ghost guns and liquid, powder, or plastic explosives, without having to stop or remove common items like cell phone, keys, and jackets while going through the HEXWAVE™? portals. Over the past several months, the Company has seen significant demand for the HEXWAVE technology and its backlog is growing, receiving orders from high profile customers like Los Alamos National Labs, Greater Toronto Airports Authority, Elkhart County Courthouse, Smiths Detection, Linev US, and the first international sale to GRASP, Amsterdam. The demand is coming not only from the US aviation employee screening initiative but also from prisons, museums, stadiums, warehouses, government buildings, and other public venues. The Company has also signed distribution agreements with key strategic partners for increased market penetration in the aviation and urban security markets. Announcement • Aug 25
Liberty Defense Holdings Ltd. Develops Walkthrough Configuration of HEXWAVE with New AI Algorithm Liberty Defense Holdings Ltd. announced that it has developed a new release of its AI-based threat-detection software algorithm, capable of detecting non-metallic and metallic threats, including 3D printed ghost guns and liquid, powder, or plastic explosives, all while allowing for a continuous people flow through the HEXWAVE portals. Over the past several months, the company has collected thousands of images of prohibited items and additional non-metallic and metallic threats as part of the development of the new algorithm. This software algorithm will support the first-generation production HEXWAVE units that feature an enhanced detection array allowing for a full walkthrough configuration. Announcement • Jun 09
Liberty Defense Holdings, Ltd. announced that it has received CAD 2.052412 million in funding On June 8, 2023, Liberty Defense Holdings, Ltd. closed the transaction. The company issued 1,525,000 units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 305,000 in the third and final tranche. Each Unit issued in the Third Tranche consists of one common share and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to acquire, on payment of CAD 0.30, one common share of the Company, subject to adjustment in certain circumstances, until June 8, 2025, provided that if, after four months after the date of closing, the volume weighted average closing price of the Common Shares of the Company on the TSX Venture Exchange is equal to or greater than CAD 0.50 for a period of 5 consecutive trading days, the Company may at its option elect to accelerate the expiry of the Warrants by providing notice to the holders thereof within 10 calendar days following the end of such 5 consecutive trading day period, in which case the Warrants will expire on the date specified in such notice, which shall be not less than 30 calendar days following delivery of such notice. In connection with the Third Tranche, the Company paid cash finders’ fees totaling CAD 18,550 and issued 92,750 finder’s warrants to certain qualified arm’s length finders. Each Finder’s Warrant is exercisable for one Common Share at a price of CAD 0.30 per Finder’s Share until June 8, 2025.All securities issued pursuant to the Third Tranche are subject to a four-month hold period from the date of closing. The Company has received conditional acceptance of the Offering from the TSX Venture Exchange. The transaction is subject to final acceptance by the TSX Venture Exchange upon filing of final documentation. The transaction included participation from Daryl Rebeck, who have subscribed for 500,000 units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 100,000. The Company has, in the aggregate, issued a total of 10,261,061 Units and raised total gross proceeds of approximately CAD 2,052,212 under the transaction. Announcement • May 10
Liberty Defense Holdings Ltd. Makes Progress on Development of High-Definition Advanced Imaging Technology Upgrade Kit Liberty Defense Holdings Ltd. announced that the Company is making progress on the development of a High-Definition Advanced Imaging Technology (HDAIT) upgrade kit as part of its contract award with the Transportation Security Administration (TSA). As previously announced, the total award to Liberty Defense for the HD-AIT development is $1.75 million over 18 months. The HD-AIT next-generation people screening technology platform for threat detection uses millimeter wave, high-definition imaging, and AI to produce greater detection and lower false alarm rates for a better passenger experience. Liberty was also previously awarded a development contract by TSA for the HEXWAVE, with the HEXWAVE selected for demonstration and evaluation in screening aviation workers at TSA-designated locations to enhance security detection and throughput performance. Announcement • Feb 16
Liberty Defense Holdings Ltd. Launches Artificial Intelligence Platform for Improved Automatic Detection in the HEXWAVE System Liberty Defense Holdings Ltd. announced it has readied for use in the field its proprietary Artificial Intelligence platform, a core part of its HEXWAVE walkthrough people screening system. AI is transforming every part of the technology sector by creating intelligent machines that simulate human intelligence to do things like perform complex tasks, reduce human errors, predict outcomes, and make decisions. Liberty's AI-based HEXWAVE system provides automatic threat detection in real time of metallic objects and also non-metallic threats like plastic, liquid, and powder explosives, 3D printed ghost guns, or other prohibited items. HEXWAVE's AI capability to detect non-metallic threats distinguishes it from other competing technologies focused only on metallic threats. Liberty Defense's team of technology experts has created a proprietary AI platform that uses AI machine learning and deep learning algorithms to train the system to recognize specific objects at speeds no human eye or brain could compute. The AI can view massive amounts of imaging data in real time to alarm on concealed threats and give security operators the go/no-decision. The AI has been trained to also ignore common like cell phones, wallets, and keys, that can be left in pockets with jackets left on for quicker, seamless screening. Announcement • Jan 18
Liberty Defense Announces It Has Completed US Beta Testing Liberty Defense Holdings, Ltd. announced it has recently completed its beta testing of the HEXWAVE(TM) in the United States and utilized beta data and operational feedback to make system configuration and algorithm improvements. The latest beta trials were conducted at the University of Wisconsin for a major sporting event and at a US state capitol building. US state capitol employees and state representatives were able to proceed through the HEXWAVE walkthrough screening portal without having to divest common items like phones, keys, and wallets to improve overall security efficiency and experience. The Company has screened approximately 10,000 people to date during beta trials conducted over the last several months with major international airports, a major US airline, Major League Baseball, one of the largest places of worship in North America, and at testing locations including Toronto Pearson International Airport and Oriole Park at Camden Yards in Baltimore. The HEXWAVE's core 3D video-rate imaging and Artificial Intelligence (AI) features provide enhanced detection with future proofing. Once the hardware is in place, the software can be adapted to new threats that emerge to evade current screening methods. These AI software upgrades will be available as part of the commercial product release, along with future customer and vertical-specific customizations. In addition to patron or passenger screening, the Company continues to see increased customer interest in employee screening to mitigate insider threat -- a growing area of concern in security operations as unfortunate acts of violence create even more demand for protection using enhanced security applications in both the urban security and aviation sectors.