KWESST Micro Systems announces US$4M private placement

What’s the deal? KWESST Micro SystemsDealroom has a profile for this one. Try Dealroom →, operating as DEFSEC Technologies, announced definitive agreements for a private placement of common shares or pre-funded warrants and accompanying common warrants. The offering is expected to generate approximately C$5.54 million (about US$4 million) in gross proceeds.

The specifics. The securities are priced at C$2.84 per common share or pre-funded warrant. Each common warrant is exercisable at C$3.30 per share for 60 months after closing. H.C. Wainwright & Co.Dealroom has a profile for this one. Try Dealroom → is acting as exclusive placement agent, and the offering is expected to close on or about 18 August 2026, subject to customary conditions and TSX Venture Exchange approval.

Where the money goes. DEFSEC plans to use the net proceeds for business and market development, intellectual property protection and registrations, and general working capital.

Read more: PR Newswire

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