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Liberty Defense Closes $5 Million Public Offering to Boost Growth

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Liberty Defense Closes $5 Million Public Offering to Boost Growth

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The latest announcement is out from Liberty Defense Holdings ( (TSE:SCAN) ).

Liberty Defense Holdings Ltd. has successfully closed a public offering of 3,031,000 units, raising $5,001,150 to fund business development, marketing expansion, and product innovation. This funding is expected to drive the company’s growth and enhance its market positioning in the security solutions industry, with a focus on optimizing manufacturing and supply chain operations.

More about Liberty Defense Holdings

Liberty Defense Holdings Ltd. is a leading provider of multi-technology security solutions designed for concealed weapons detection in high-traffic areas such as airports, stadiums, and schools. The company offers products like HEXWAVE, which utilizes advanced 3D radar imaging technology licensed from MIT, and has recently expanded its technology portfolio to include millimeter wave-based body and shoe scanners.

YTD Price Performance: 86.92%

Average Trading Volume: 89,688

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $47.38M

For an in-depth examination of SCAN stock, go to TipRanks’ Stock Analysis page.

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