DEFSEC Technologies Announces Closing of CAD$2.5 Million Registered Direct Offering

DEFSEC Technologies Inc. has successfully completed a registered direct offering, raising approximately CAD$2.5 million through the sale of 673,006 common shares at a price of CAD$3.74 each. The transaction, which closed on June 26, 2026, also included a concurrent private placement of unregistered warrants that allow for the purchase of an equal number of common shares at an exercise price of CAD$4.39 per share. H.C. Wainwright & Co. served as the exclusive placement agent for this offering.

Founded in Ottawa, Canada, DEFSEC Technologies specializes in developing advanced tactical systems for military and security applications. The company has established a reputation for innovation in digitizing tactical forces, enabling real-time shared situational awareness and targeting information through the integration of various data sources, including drones. DEFSEC's product portfolio includes countermeasures against electronic detection, lasers, and drones, as well as less-lethal munitions platforms like ARWEN® and the newly introduced PARA SHOTTM line. The funds raised from this offering are intended for working capital and general corporate purposes, which may enhance DEFSEC's capabilities in these critical areas.

The transaction reflects a growing trend in the defense technology sector, where companies are increasingly turning to capital markets to fund innovation and expansion. With heightened global security concerns and increasing government budgets for defense, firms like DEFSEC are well-positioned to capitalize on the demand for advanced military technologies. The successful fundraising indicates investor confidence in DEFSEC's strategic direction and its potential to meet the evolving needs of military and law enforcement agencies.

The broader market outlook for defense technology remains robust, driven by ongoing geopolitical tensions and the need for enhanced security solutions. As defense budgets continue to rise globally, companies within this sector are likely to experience increased investment opportunities. DEFSEC's recent capital raise not only strengthens its financial position but also enables the company to pursue strategic initiatives that could further solidify its market presence. The successful execution of this offering may signal to other firms in the sector the viability of similar fundraising efforts as they seek to innovate and expand their operational capabilities.