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Liberty Defense Holdings ( (TSE:SCAN) ) has issued an update.
Liberty Defense Holdings has closed the second and final tranche of its non-brokered LIFE private placement, issuing 3,943,207 units at C$0.22 each for approximately C$867,505 in proceeds, bringing total funds raised under the offering to about C$2.61 million. Each unit consists of one common share and one warrant exercisable at C$0.30 until January 2027, with a portion of the financing subject to finder fees and additional warrants; the proceeds will be used primarily to ramp up production of the company’s HEXWAVE technology to meet rising demand and fulfill backlog orders as Liberty enters a pivotal commercial growth phase for both its HEXWAVE and HD-AIT product lines, underscoring its effort to strengthen its position in the expanding market for AI-driven security screening solutions.
The most recent analyst rating on (TSE:SCAN) stock is a Hold with a C$0.20 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 in high-traffic and sensitive locations such as airports, stadiums, and schools. Its portfolio includes the HEXWAVE system, exclusively licensed from MIT and based on active 3D radar imaging for stand-off detection of metallic and non-metallic weapons, and recently licensed High-Definition Advanced Imaging Technology (HD-AIT) body and shoe scanners, positioning the firm to serve growing global demand for advanced security screening.
Average Trading Volume: 890,672
Technical Sentiment Signal: Sell
Current Market Cap: C$15.09M
See more data about SCAN stock on TipRanks’ Stock Analysis page.