Liberty Defense Raises $2.97 Million from Warrant Exercise to Bolster Growth

Liberty Defense Holdings ( (TSE:SCAN) ) has shared an announcement.

Liberty Defense Holdings has successfully raised $2.97 million through the accelerated exercise of warrants, which were part of a private placement completed in December 2024. This move, resulting in the issuance of over 5.4 million common shares, strengthens the company’s financial position and supports its long-term strategic goals. The funds will be utilized to advance Liberty’s technology pipeline and improve performance across its offerings, bolstering its capacity to meet market demand and enhance its position in the security solutions industry.

More about Liberty Defense Holdings

Liberty Defense Holdings is a technology company providing AI-based detection solutions for concealed weapons and threats. It offers security solutions for high-traffic and high-security areas such as airports, stadiums, and schools. The company’s HEXWAVE product, licensed from MIT, utilizes 3D radar imaging technology for detection, and it has also licensed HD-AIT body scanner technologies to enhance its portfolio.

YTD Price Performance: 48.08%

Average Trading Volume: 17,087

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $31.73M

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