Liberty Defense Completes Initial Public Offering#
Liberty Defense Holdings Ltd. has successfully completed its initial public offering (IPO) in the United States, raising approximately $20 million before fees and expenses. This marks a significant milestone for the security technology company as it expands its presence in the market.
Details of the Offering#
The company sold 3,673,638 common shares at a price of $4.50 per share. Additionally, it issued pre-funded warrants allowing certain investors to purchase 770,807 common shares at a slightly lower price of $4.4999 per warrant. To accommodate potential demand, Liberty Defense also granted underwriters a 30-day option to purchase up to 666,666 additional shares.
Trading Information#
Liberty Defense’s shares began trading on the NASDAQ Capital Market under the ticker symbol "DETX" on April 22, 2026. Prior to this, the shares were traded on the OTCQB Venture Market under the symbol "LDDFF." The company’s shares are also listed on the TSX Venture Exchange with the symbol "SCAN." It is important to note that securities sold to Canadian investors are subject to a four-month hold period as per Canadian securities regulations.
Company Overview#
Liberty Defense specializes in developing security solutions aimed at detecting concealed weapons in high-traffic areas such as airports, stadiums, and schools. The company holds an exclusive license for its HEXWAVE product from the Massachusetts Institute of Technology (MIT) and has also licensed advanced body scanner technologies based on millimeter wave technology. This innovative approach positions Liberty Defense as a key player in enhancing public safety.