Liberty's Strategic Funding: Fueling Growth and Expansion

Liberty Defense (TSXV: SCAN), a leading provider of AI-based detection solutions for concealed weapons and threats, has announced a proposed non-brokered private placement of up to 25,000,000 units at $0.32 per Unit, aiming to raise up to $8,000,000 (Liberty Defense, 2024). This strategic move aligns with the company's ongoing efforts to scale its operations and solidify its position as a global leader in security detection solutions.

The proposed private placement is part of Liberty's broader strategy to strengthen its financial position and fund the rollout of its cutting-edge technologies, such as HEXWAVE and TSA-funded High Definition Advance Imaging Technology (HD-AIT). The company aims to use the net proceeds from the Offering for general corporate and working capital purposes, funding manufacturing of units slated for delivery to customers in July 2023, and accelerating deployments while expanding its customer base.



By securing additional funding through this private placement, Liberty Defense is well-positioned to capitalize on the growing demand for advanced detection solutions in high-volume foot traffic areas and locations requiring enhanced security. The company's exclusive license from Massachusetts Institute of Technology (MIT) for active 3D radar imaging technology, combined with its recently licensed millimeter wave-based body scanner and shoe scanner technologies, sets it apart in the market.



Moreover, Liberty Defense's intention to settle indebtedness with certain creditors through a shares for debt settlement is a strategic move to enhance its financial stability and long-term prospects. By issuing up to 1,562,500 shares at a deemed price of $0.32 per share, the company reduces its outstanding debt, lowering interest expenses and improving cash flow.

In conclusion, Liberty Defense's proposed private placement is a crucial step in the company's growth strategy. By securing additional funding and strengthening its financial position, Liberty is well-equipped to lead the market in AI-based detection solutions for concealed weapons and threats. Investors should closely monitor the company's progress and consider its long-term growth prospects as it continues to innovate and adapt to the evolving security landscape.