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Liberty Defense Holdings ( (TSE:SCAN) ) has shared an announcement.
Liberty Defense Holdings has closed the first tranche of a non-brokered private placement under the listed issuer financing exemption, raising approximately $1.75 million through the sale of 7,941,671 units at $0.22 each, with each unit comprising one common share and a warrant exercisable at $0.30 until the end of 2027. The company plans to deploy the proceeds to ramp up production of its HEXWAVE concealed weapons detection system to meet growing demand and fulfill its order backlog, a move that should support its commercialization efforts and strengthen its position in the security screening market as it scales deployments across high-traffic, security-sensitive locations.
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 is a security technology company that develops AI-based, multi-technology detection solutions for concealed weapons and threats, targeting high-traffic and high-security venues such as airports, stadiums and schools. Its flagship HEXWAVE system, exclusively licensed from MIT and supported by patents in active 3D radar imaging, provides modular, scalable stand-off detection of metallic and non-metallic weapons, complemented by recently licensed millimeter wave body and shoe scanner technologies.
Average Trading Volume: 866,340
Technical Sentiment Signal: Sell
Current Market Cap: C$16.64M
Learn more about SCAN stock on TipRanks’ Stock Analysis page.