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Liberty Defense Holdings ( (TSE:SCAN) ) has shared an announcement.
Liberty Defense Holdings has amended the terms of its previously announced non-brokered private placement under the listed issuer financing exemption, now aiming to raise between approximately C$1.5 million and C$3 million through the issuance of 6,818,182 to 13,636,364 units at C$0.22 per unit, each comprising one common share and one warrant exercisable at C$0.30. The financing, which includes provisions for warrant blockers, potential accelerated warrant expiry, and possible finder’s fees and broker warrants, is intended to fund inventory purchases to scale production of its HEXWAVE security screening units, support investor relations and marketing, and cover operating and general working capital needs, with closing subject to minimum subscription levels and TSX Venture Exchange approval, potentially strengthening Liberty’s production capacity and market positioning in advanced threat-detection solutions.
The most recent analyst rating on (TSE:SCAN) stock is a Sell with a C$0.23 price target. To see the full list of analyst forecasts on Liberty Defense Holdings stock, see the TSE:SCAN Stock Forecast page.
Spark’s Take on TSE:SCAN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCAN is a Underperform.
The overall stock score is heavily influenced by the company’s poor financial performance, including declining revenues and negative profitability margins. Technical analysis also indicates bearish trends, with the stock trading below key moving averages and weak market momentum. The valuation is unattractive due to a negative P/E ratio and no dividend yield.
To see Spark’s full report on TSE:SCAN stock, click here.
More about Liberty Defense Holdings
Liberty Defense Holdings Ltd., listed on the TSX Venture Exchange, OTCQB and Frankfurt, is a technology company that provides multi-technology, AI-based next-generation detection solutions for concealed weapons and threats, targeting the security and defense market.
Average Trading Volume: 842,845
Technical Sentiment Signal: Sell
Current Market Cap: C$18.19M
For an in-depth examination of SCAN stock, go to TipRanks’ Overview page.