Defsec Technologies Inc. announces closing of CDN$5.54 million private placement

DEFSEC Technologies Inc. (TSXV: DFSC; NASDAQ: DFSC) has completed a CDN$5.54 million private placement, issuing 1,951,219 common shares or pre-funded warrants at CAD$2.84 per share. The offering also included common share purchase warrants, exercisable for up to 1,951,219 shares at CDN$3.30 per share for 60 months. H.C. Wainwright & Co. served as the exclusive placement agent.

The gross proceeds from the offering are expected to total approximately CDN$5.54 million (US$4.0 million), before deducting fees and expenses. DEFSEC plans to allocate the net proceeds toward business and market development, intellectual property protection, and general working capital. The offering closed on August 18, 2026, subject to customary conditions and regulatory approvals.

The securities were not registered under U.S. federal or state securities laws and are restricted from sale in the U.S. without registration or an exemption. The company has committed to filing registration statements with the SEC for the resale of these shares.

DEFSEC, based in Ottawa, Canada, specializes in next-generation tactical systems for military and security applications, including real-time situational awareness tools and counter-drone technologies. The company also offers less-lethal solutions under PARA SHOTTM brand.